Question: 5. Which ratio uses only information from the income statement? a. Current b. Return on equity Fixed asset turnover C. d. Times interest earned 6.

 5. Which ratio uses only information from the income statement? a.Current b. Return on equity Fixed asset turnover C. d. Times interest

5. Which ratio uses only information from the income statement? a. Current b. Return on equity Fixed asset turnover C. d. Times interest earned 6. Green Company had net sales revenue of $400,000 for the year ending December 31, 2017 and $425,000 for the year ending December 31, 2018. What is the dollar change and the percent change? $25,000 and 6.25% b. ($25,000) and (6.25%) $50,000 and 5.8% d. $25,000 and 2.0% a. C. 7. A common-size income statement involves dividing: every item by sales revenue b. every item by total assets every item by net income d. every item by 100% a. C. 8. A common-size balance sheet involves dividing: a. every item by sales revenue b. every item by total assets c. every item by net income d. every item by 100%

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