Horizontal analysis evaluates financial statement data over time and compares financial items within a company. It analyzes a single item on the financial statements or compares ratios and percentages. Some key liquidity and financial ratios examined include the current ratio, price-earnings ratio, and percentage increases in sales from one period to the next.

1. STRAYER ACC 560 Week 11 Quiz 8 (Chapter 14) NEW
Check this A+ tutorial guideline at
http://www.assignmentcloud.com/acc-560-strayer/acc-
560-week-11-quiz-8-new
For more classes visit
http://www.assignmentcloud.com
Question 1
Horizontal analysis evaluates a series of financial statement data over a period of time
Question 2
Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2017.
The weighted average number of shares outstanding in 2017 was 60,000 shares.Ale Corporation's common
stock is selling for $76 per share on the New York Stock Exchange. Ale Corporation's price-earnings ratio is
Question 3
Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the
year and a balance of $500,000 at the end of the year. Net credit sales during the year amounted to
$3,000,000.The average collection period of the receivables in terms of days was
Question 4
In analyzing the financial statements of a company, a single item on the financial statements
Question 5
Comparisons of financial data made within a company are called
Question 6
Assume the following sales data for a company:
2017 $945,000
2016 877,500
2015 675,000
If 2015 is the base year, what is the percentage increase in sales from 2015 to 2016?
Question 7
The current ratio is
Question 8
Horizontal analysis is also called
Question 9
Each of the following is a liquidity ratio except the
Question 10
A technique for evaluating financial statements that expresses the relationship among selecteditems of
financial statement data is