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2. Current assets divided by current liabilities is the __________ ratio.
CURRENT EUNRCTR3. Cost of goods sold divided by average inventory is the inventory ______________.
TURNOVER RVTRNEUO4. Net ______ sales divided by accounts receivable is the receivables turnover ratio.
CREDIT CIETRD5. Days sales in accounts receivable is 365 divided by the ____________ turnover ratio.
RECEIVABLES EIBASRVLCEE6. This is excluded from the current assets when calculating the quick ratio.
INVENTORY OINVTENYR8. _________ analysis results in all income statement amounts expressed as a percentage of net sales.
VERTICAL LEVICRAT9. __________-size balance sheets show all amounts as a percentage of total assets.
COMMON CMNOOM10. ____________ analysis results in amounts expressed as a percentage of an earlier, base year.
HORIZONTAL NZIOOALTHR11. The debt to equity ratio is the ratio of ____________ to stockholders' equity.
LIABILITIES ITLELIIIASB12. When dividing income statement amounts by balance sheet amounts, it is logical to use an ___________ of the balance sheet amounts.
AVERAGE ERVGAEA14. The current ratio and the quick ratio are indicators of a company's ___________.
LIQUIDITY YTIDIULIQ15. The profit margin ratio and the return on assets are indicators of a company's ____________.
PROFITABILITY IYIFABLPIORTT16. A very large amount of debt in relation to the amount of assets indicates that a company is highly _______________.
LEVERAGED DVEELAGER17. Vertical analysis is associated with __________-size financial statements.
COMMON CMONMO19. The receivables ______________ ratio is net credit sales divided by the average amount of accounts receivable.
TURNOVER NROVTURE20. Accountants calculate the inventory turnover ratio by dividing the ______ of goods sold by the average inventory.
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