Questions from Financial Reporting

Q: Indicate some sources that contain an appraisal of the outlook for particular

Indicate some sources that contain an appraisal of the outlook for particular industries.

Q: What source contains a comprehensive reference for products and services, company

What source contains a comprehensive reference for products and services, company profiles, and a catalog file?

Q: What is a ratio? How do ratios help to alleviate the

What is a ratio? How do ratios help to alleviate the problem of size differences among firms?

Q: Each of the following statements represents a decision made by the accountant

Each of the following statements represents a decision made by the accountant of Growth Industries: a. A tornado destroyed $200,000 in uninsured inventory. This loss is included in the cost of goods...

Q: What does each of the following categories of ratios attempt to measure

What does each of the following categories of ratios attempt to measure? (a) liquidity; (b) long-term borrowing capacity; (c) profitability. Name a group of users who might be interested in each categ...

Q: Brown Company earned 5.5% on sales in 2011.

Brown Company earned 5.5% on sales in 2011. What further information would be needed to evaluate this result?

Q: Differentiate between absolute and percentage changes. Which is generally a better

Differentiate between absolute and percentage changes. Which is generally a better measure of change? Why?

Q: What is trend analysis? Can it be used for ratios?

What is trend analysis? Can it be used for ratios? For absolute figures?

Q: Suppose you are comparing two firms within an industry. One is

Suppose you are comparing two firms within an industry. One is large and the other is small. Will relative or absolute numbers be of more value in each case? What kinds of statistics can help evaluate...

Q: Are managers the only users of financial reports? Discuss.

Are managers the only users of financial reports? Discuss.