Wk1 LA (docx) - Course Sidekick (2024)

1. Which calculation measures the profitability of a company's operations? CORRECTANSWER: Gross profit minus indirect costs see more 2. Based on this statement of cash flows (see table below), what effect does the change in inventory have on net operating cash flows in 2019? CORRECTANSWER: The company increased its inventory and this investment reduced total net operating cash flows. see more 3. Based on this statement of cash flows (see table below), what effect does the change in other current and non- current assets have on net operating cash flows in 2019? CORRECTANSWER: The company increased its other current and non- current assets and this investment reduced total net operating cash flows. see more 4. What does the phrase "At January 1, 2012" on the balance sheet tell you about the company's accounting cycle? CORRECTANSWER:

The company's accounting cycle ends on January 1, 2012 see more 5. Based on this statement of cash flows (see table below), what effect does the change in accounts receivable have on net operating cash flows in 2019? CORRECTANSWER: The company increased its accounts receivable and this investment reduced total net operating cash flows. see more 6. Based on this statement of cash flows (see table below), what effect does the change in other current and non- current liabilities have on net operating cash flows in 2019? CORRECTANSWER: The company increased its other current and non- current liabilities and this change increased total net operating cash flows. see more 7. Based on this statement of cash flows (see table below), what effect does the change in accounts payable have on net operating cash flows in 2019? CORRECTANSWER: The company increased its accounts payable and this change increased total net operating cash flows.

see more 8. What is each account divided by to produce each year's common size income statement? CORRECTANSWER: That year's revenue. see more 9. On what financial statement can you find the ending date of the company's accounting cycle? CORRECTANSWER: Balance Sheet see more 10. Which assets have the highest liquidity? CORRECTANSWER: Marketable securities see more 11. On what financial statement can you find the total amount of all dividends paid during the year? CORRECTANSWER: Statement of cash flows see more 12. Which statement shows a company's financial position at a specific point in time? CORRECTANSWER:

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