Mid-term Exam1. Single-choice question(1) Which of the following ratios is not generally considered to be helpful inassessing short-term liquidityA．Current ratioB．Acid-test ratioC．Days collection periodD．Total asset turnover(2) What accounts are most likely to be found in the stockholders’ equity section ofthe balance sheetA．Common stock, short-term debt, preferred stock. B．Common stock, inventories, additional paid-in capital. C．Common stock, additional paid-in capital, accrued liabilities. D．Common stock, additional paid-in capital, retained earnings.(3) What does the income statement measure for a firmA．The change in revenue and cost the occurred during the periodB．The financing and investment activities for a periodC．The results of operations of a periodD．The financial position of a company on a particular date(4)In the statement of cash flows, which of the following items is included in theoperating activitiesA．Borrowing from creditors and repaying the principal B．Obtaining resources from owners C．Payment of taxes D．All of the above(5) Which options cause the number of shares outstanding to increase and thus dilute ownership 这选项导致流通股数量增加，从而稀释股权A．Conversion of debentures . 债券的转换。B．Warrants exercised. b.行使认股权证。C．Stock options. C.股票期权 D. All of the above. d.以上所有。2. Multiple-choice question(1) Which information can be easily found from the annual report ( ).A.Long-term debt.B.The income statement.C.Five-year summary of selected financial data.D.Notes to the financial statements.(2)According to income statement category, which of the following items appearon the operating profitA. Depreciation expense. B．Advertising expense C．Interest expenseD．Selling and administrative expenses(3) Assumi...
