6. The purpose of common size financial statements is to: (Points : 2) a.compare
ID: 2366373 • Letter: 6
Question
6. The purpose of common size financial statements is to: (Points : 2) a.compare the amount of common stock to other types of stock. b. make comparisons between firms of different sizes. c.make comparisons between different time periods for one company. d. either B or C. 7. Which of the following is a potential limitation of financial statement analysis? (Points : 2) a. Lack of comparability of firms in different industries b. The impact of changing economic conditions c. The impact of having more than one acceptable alternative accounting principle for accounting for a given transaction or economic event d.All of the above 8. The Haas Company paid total cash dividends of $44,000 on 25,000 outstanding common shares. On the most recent trading day, the common shares sold at $80. What is this company's dividend yield? (Points : 2) .a. 2.2% b. 3.2% c. 5% d. 14.1%Explanation / Answer
he purpose of common size financial statements is to: (Points : 2) a.compare the amount of common stock to other types of stock. b. make comparisons between firms of different sizes.--------------CORRECT ANSWER c.make comparisons between different time periods for one company. d. either B or C. 7. Which of the following is a potential limitation of financial statement analysis? (Points : 2) a. Lack of comparability of firms in different industries b. The impact of changing economic conditions c. The impact of having more than one acceptable alternative accounting principle for accounting for a given transaction or economic event d.All of the above---------CORRECT ANSWER 8. The Haas Company paid total cash dividends of $44,000 on 25,000 outstanding common shares. On the most recent trading day, the common shares sold at $80. What is this company's dividend yield? (Points : 2) .a. 2.2%-----CORRECT ANSWER
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