A Spreadsheet Is Divided into

question 19

Multiple Choice

A spreadsheet is divided into

• A) lines and spaces.
• B) rows and columns.
• C) inputs and outputs.
• D) problems and solutions.

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Definitions:

Average Sale Period

The average time taken to convert inventory into sales, also known as inventory turnover period.

Accounts Receivable Turnover

A financial ratio that measures how effectively a company is collecting on its credit sales by dividing net credit sales by average accounts receivable.

Horizontal Analysis

A side-by-side comparison of two or more years’ financial statements.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (or financial statements) is represented as a proportion of the total account.