Please solve it ASAP with all requirements please All questions it is not long

TRUE/FALSE. Write T if the statement is true and F if the statement is false.

1) Vertical analysis of a balance sheet is obtained by using Total Liabilities as a constant and dividing every figure on the balance sheet by Total Liabilities. 1)

2) A single ratio always provides us with meaningful information. 2)

3) Horizontal Analysis is obtained by determining the percentage change in an account from a base period to a successive time period. 3)

4) Vertical analysis of an income statement is obtained by using Net Profit as a constant and dividing every figure on the income statement by Net Profit. 4)

5) As long as you choose your method of financial analysis carefully, any single method will provide you with enough information to completely evaluate your firm 5)

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question

. Table 4-1. Income Statement January February Total Revenues 46,062 44,759 Returns & Allowances 545 685 Net Sales 45,517 44,074 Cost of Goods Sold 13,841 11,583 Gross Profit 31,676 32,491 Operating Expenses Officers Salary 2,500 2,500 Salaries 15,750 14,250 Payroll Taxes 3,623 3,278 Rent 2,000 2,000 Janitorial 150 150 Utilities 512 485 Depreciation 500 500 Sales Taxes 2,994 2,909 Total Operating Expenses 28,029 26,072 Operating Profit/Loss 3,647 6,419 Interest Expense 150 150 Net Profit/Loss 3,497 6,269

6) Refer to Table 4-1. Using a vertical analysis of January data, Cost of Goods were approximately ________ percent. A) 0.3041 B) 35.65 C) 30.05 D) 30.41 ) 1

7) Refer to Table 4-1. Between January and February, the items that did not change in dollar value included all of the following EXCEPT A) Officers Salary. B) Payroll Taxes. C) Depreciation. D) Janitorial. E) Rent. 7)

8) Refer to Table 4-1. Using horizontal analysis, Net Profit ________ by approximately ________ percent. A) increased; 44.22 B) decreased; 44.22 C) decreased; 79.27 D) increased; 79.27 )

9) In 2005, the Handy Yogurt shop had $345,265 in Gross Revenues; in 2006, they had $357,388. What is the percentage change in sales? A) 3.39% B) 3.51% C) -3.39% D) -3.51% )

10) ________ are used to measure the ability of a firm to meet its short-term creditors claims. A) Activity ratios B) Leverage ratios C) Liquidity ratios D) Market ratios E) Profitability ratios