WGU D104 Intermediate Accounting II Units 4-6 Exam Graded A+

WGU D104 Intermediate Accounting II
Units 4-6 Exam Graded A+
Question : Asset Turnover Ratio
CORRECT ANSWER: net sales/average total assets
Question : Profit Margin Ratio
CORRECT ANSWER: net income/total sales
Question : Rate of return on assets
CORRECT ANSWER: net income/average total assets
Question : Current ratio
CORRECT ANSWER: current assets/current liabilities
Question : acid-test ratio
CORRECT ANSWER: (cash + short-term investments + net
receivables) / current liabilities
Question : rate of return on common stock equity

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