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serious [3.7K]
3 years ago
5

Some ratios use information only from the balance sheet for calculation purpose, while some ratios use information from the inco

me statement as well as the balance sheet. Match the ratios to the relevant financial statements.
Business
1 answer:
ELEN [110]3 years ago
6 0

Answer:

Check the explanation

Explanation:

1) Current Ratio = Balance sheet

current ratio uses current assets and current liabilities of the balance sheet to calculate the ratio.

2) Quick Ratio = Balance sheet

Quick Ratio uses Quick assets and current liabilities of Balance sheet

3) Total Assets Turn Over Ratio = Income statement and Balance sheet

Total assets turn over ratio uses Net sales of Income statement and Avg Assets of Balance sheet to calculate the ratio

4) Debt Equity Ratio = Balance sheet

Debt Equity Ratio uses Debt and Equity of Balance sheet to calculate the Ratio

5) Return on Equity = Income statement and Balance sheet

Return on Equity uses Information of Net Income from Income statement and Shareholders Equity from Balance sheet to calculate the ratio.

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An auditor inspects a client’s investment records to determine that any transfers between categories of investments have been pr
Shalnov [3]

Answer:Explained below

Explanation:

Auditor is one who conducts audit.Auditors are professionals who evaluate  the reports of companies to safeguard the rationality and legality of their financial records. They can also take action in consulting role to recommend possible risks .

The primary Purpose could be Classification and Understandability & Valuation and Allocation of resources or assets

8 0
3 years ago
What are three ways computers store information?
inna [77]
Magnetic, Optic, and Solid State. 
7 0
3 years ago
Read 2 more answers
A note receivable due in 18 months is listed on the balance sheet under the caption A. long-term liabilitiesB. fixed assetsC. cu
MAVERICK [17]

Answer:

Investments

Explanation:

If the note receivable is expected to be received in 12 then it is listed as a Current Asset else as Investments.

For further detail in how you can recognize Financial instrument ,please refer to the accounting rules for this type of accounts  in https://www.iasplus.com/en/standards/ias/ias39

3 0
4 years ago
The four traits of constructive criticism are _______.
Dmitrij [34]

Answer:

The answer to this question is given below in the explanation section.

Explanation:

Constructive criticism is the process to offer valid and well-reasoned reponed or opinion about other works, it includes both positive and negative comments in a friendly way rather than an oppositional one.

There are four traits of constructive critisim.

So, the correct answer to this question is given below:

D: Positivity, Solution-Oriented, Specific, and private.

While other options are not correct because the four traits of constructive criticism are starting from positivity, solution-oriented, specific, and private.

8 0
3 years ago
Read 2 more answers
Assume that in a traditional costing system that all the indirect costs are allocated based on direct materials. Calculate the d
Afina-wow [57]

Answer:

The question is missing the direct and indirect costs, however I will let you know how to calculate.

The costs will be given total for material, labor and overheads, along with this data a ratio in the form of a percentage will also be given for example material used in preparation of fresh bakery goods.

The amount of material will be multiplied by the percentage of material used in preparation of fresh bakery goods, the result amount will be the cost incurred for material used for the preparation of fresh bakery goods.

Explanation:

The question is missing the direct and indirect costs, however I will let you know how to calculate.

The costs will be given total for material, labor and overheads, along with this data a ratio in the form of a percentage will also be given for example material used in preparation of fresh bakery goods.

The amount of material will be multiplied by the percentage of material used in preparation of fresh bakery goods, the result amount will be the cost incurred for material used for the preparation of fresh bakery goods.

Follow this for all the cost heads provided.

6 0
3 years ago
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