Group roect -Exam rape Chapter 243 Name MULTIPLE CHOICE Instructions: Circle the best answer for each of the following questions. 1. Statements in which all items are expressed only in relative terms (percentages of a common base) are: a. relative statements b. horizontal statements c. vertical statements d. common-size statements Which one of the following measures is a liquidity and solvency measure? a. rate eamed on total assets b. price-earnings ratio c. accounts receivable tumover d. ratio of net sales to assets 2. 3. Based on the following data for the current year, what is the inventory turnover? Net sales. Cost of goods sod. Inventory, beginning of year$250,000 Inventory, end of year. $345,000 Accounts receivable, beginning of year..$175,000 Accounts receivable, end of year a. 26.7 b. 16 C. 13.4 $6,500,000 $4,000,000 $297,000 4 Based on the following data for the current year, what is the accounts receivable turnover? Net Cost of goods sold... Inventory, beginning of year. Inventory, end of year Accounts receivable, beginning of year... $175,000 Accounts receivable, end of year. a. 37.1 b. 27.5 $6,500,000 $4,000,000 $250,000 $345,000 $297,000 c. 21.8