Following Are Selected Data from the Financial Statements of Mother

question 194

Multiple Choice

Following are selected data from the financial statements of Mother Nature Supplies: $\begin{array} { r r }& \underline { \mathbf { 2 0 1 7 } } & \underline { \mathbf { 2 0 1 6 } } \\ \text {Accounts receivable}&\$ 60,000 & \$ 38,000 \\\text {Merchandise inventory}& 12,000 & 16,000 \\ \text {Total assets}&450,000 & 380,000 \\ \text {Net sales}&380,000 & 270,000 \\ \text {Cost of goods sold}&160,000 & 210,000 \end{array}$
-Refer to the data for Mother Nature Supplies. ?
Which of the following would not result from a vertical analysis of its balance sheet?

• A) Accounts receivable increased $22,000 or 36.7% during 2017.
• B) Accounts receivable is five times larger than Merchandise inventory in 2017.
• C) Accounts receivable is 13.3% of total assets for 2017.
• D) Merchandise inventory is 2.7% of total assets for 2017.

Understand the calculation and implications of bond duration and modified duration.

Recognize the effects of yield changes on bond prices.

Identify and apply different bond immunization and swap strategies in portfolio management.

Analyze the impact of coupon rate, maturity, and yield to maturity on bond duration and price volatility.

---

Definitions:

United States

A country located primarily in North America, consisting of 50 states, a federal district, and various territories.

Information Processing Speed

The pace at which individuals can perform cognitive tasks, process information, and respond to environmental stimuli.

Sleep

A natural and periodic state of rest during which consciousness of the world is suspended.

Middle-Aged Adults

Typically refers to individuals between the ages of 40 and 65 who are experiencing transitions in personal, physical, and professional domains.