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Financial Reporting and Analysis by Charles H. Gibson 13th Edition Chapter # 8 – Profitability IMPORTANT NOTE:  P  8-1:  Ahl Enterprise lists the following data for 2011 and 2010: Required:  Calculate the net profit margin, return on assets, total asset turnover, and return on common equity for both years. Comment on the results. (For return on assets and total asset turnover, use …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 9 For The Investor P 9-14: Answer the following multiple-choice questions: a. In 2009 and 2010, Zoret Company reported earnings per share of $0.80 and $1.00, respectively. In 2011, Zoret Company declared a 4-for-1 stock split. For the year 2011, Zoret Company reported earnings of $0.30 per share. The appropriate earnings …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 8 Profitability P 8-13: Answer the following multiple-choice questions: a. Which of the following is not considered to be a nonrecurring item? 1. Discontinued operations 2. Extraordinary items 3. Cumulative effect of change in accounting principle 4. Interest expense 5. None of the above. b. Ideally, which of these ratios will …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 7 Long-Term Debt-Paying Ability P 7-11: Answer the following multiple-choice questions: a. Which of the following ratios can be used as a guide to a firm’s ability to carry debt from an income perspective? 1. Debt ratio 2. Debt to tangible net worth 3. Debt/equity 4. Times interest earned 5. Current ratio …

Financial Statement Analysis by Charles H Gibson  Solutions  Chapter # 12 Special Companies G Ads: P  12-1  The following are statistics from the annual  report  of McEttrick  National Bank: Please wait a little bit to load the Images Solution: G Ads: P  12.2:  The following are statistics from the annual  report  of Dover Bank: Required a. Calculate the following for 2011, 2010, and …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 4 Income Statement P 4-16: Answer the following multiple-choice questions: a. Which of the following items would be classified as operating revenue or expense on an income statement of a manufacturing firm? 1. Interest expense 2. Advertising expense 3. Equity income 4. Dividend income 5. Cumulative effect of change in …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 2 Introduction to Financial Statements and Other Financial Reporting Topics P 2-5: Answer the following multiple-choice questions: a. The balance sheet equation can be defined as which of the following? 1. Assets + Stockholders’ Equity = Liabilities 2. Assets + Liabilities = Stockholders’ Equity 3. Assets = Liabilities – …

Financial Statement Analysis by Charles H Gibson   MCQs with Answers Chapter # 12 Special Companies P 12-7: Required Answer the following multiple-choice questions related to insurance financial reporting: a. Which of the following does not represent a basic type of insurance organization? 1. Stock companies 2. Bond companies 3. Mutual companies 4. Fraternal benefit societies 5. Assessment companies b. Which …

Advanced PMP EXAMS 2022 MCQs with Answers & Explanation G Ads: Question 1: Alex, the agile team’s product owner, recently hired Mido as a software developer for their team. Unfortunately, after Mido was hired, another product owner was able to reserve 50% of Midol’s time for their project. What is one of the key problems with not having Mido dedicated …

Accounting Job Test Questions and Answers Part # 3 The important questions that are frequently asked in a recruitment test for accounting & financial jobs are given below. Hopefully, this will be of great value to you in preparation for your job tests and interviews. Note: Please wait a little bit to load the Questions. You will find answers after …