Refer to the Summary Financial Information for Momentum Clothing Distributors

question 31

Multiple Choice

Refer to the summary financial information for Momentum Clothing Distributors.Which of the following statements is true?

• A)The company's level of financing risk was greater in 2014 than it was in 2013.
• B)In comparison to 2013,the company became less efficient in 2014 in generating revenues from its investment in assets.
• C)Despite the increase in sales in 2014,the company controlled its expenses just as well as it had in 2012.
• D)The company's level of financing risk was less in 2013 than it was in 2012.

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Definitions:

1099 Forms

Tax forms used in the United States to report income from self-employment, interest, dividends, rents, and other sources of income.

SEC

The Securities and Exchange Commission, a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.

IRS Form

Official documents published by the Internal Revenue Service for taxpayers to report financial information.

Compliance

Adherence to laws, regulations, guidelines, and specifications relevant to a business or operation.