The _____ Ratio Is Unusual in That, It Is Commonly

question 82

Multiple Choice

The _____ ratio is unusual in that, it is commonly stated as a proportion rather than as a decimal or a percentage.

• A)times interest earned
• B)debt to equity
• C)return on assets
• D)price/earnings

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Definitions:

Unadjusted Trial Balance

A list of all the general ledger accounts and their balances at a specific point in time before any adjustments are made for the accounting period.

Columnar Working Paper

An accounting paper used for preparing financial statements or other reports, organized with columns to facilitate data entry and comparison.

Adjusted Trial Balance

A statement listing all accounts and their final balances after adjustments, used to verify the balance of debits and credits.

Unadjusted Trial Balance

A list of all the general ledger accounts and their balances at a specific point in time, before any adjustments are made.