Use the Following Statement of fiNancial Position and Statement of Comprehensive

question 54

Multiple Choice

Use the following statement of financial position and statement of comprehensive income What is the equity multiplier for Bluebird for 2015?

• A) 1.53
• B) 1.56
• C) 1.59
• D) 1.61
• E) 1.64

---

Definitions:

Gross Margin Ratio

A profitability metric that measures the difference between sales and the cost of goods sold, expressed as a percentage of sales.

Favorable Ratio

A ratio that indicates a positive outcome, often related to financial performance, such as higher revenue or lower expenses compared to previous periods.

Acid-Test Ratio

A financial metric used to evaluate a company's ability to pay off its current liabilities with its quick assets.

Year-End Information

Financial and operational data summarizing a company's performance over the course of a fiscal year, often used for analysis and reporting purposes.