1. which of the following is most likely presented on a common-size balance sheet or common-size income statement?
A. Total asset turnover B. Operating profit margin C. ROE
B is correct. 我选的是C. 我觉得operating profit margin 只能从income statment 读出, 跟bal/sheet 无关系
2. A firm pays accrued wages with cash. Assuming a current ration>1 and quick ratio <1, what will be the impact on the current ration and quick ratio
the answer is "the current ratio will increase and quick ratio will decrease ". 我觉得CASH-PAID WAGES 减少wage payable, 所以就current liability 减少, 那么2 ratio both decrease