In Order to Assess If a Company Is a Going

question 62

Multiple Choice

In order to assess if a company is a going concern,the auditor can calculate which of the following ratios during the audit planning and compare with previous years and successful companies in the industry?

• A)debt to equity ratio.
• B)accounts receivable turnover ratio.
• C)percent of interest expense to sales.
• D)inventory turnover ratio.

---

Definitions:

Enlightenment

A philosophical movement in the 17th and 18th centuries emphasizing reason, individualism, and skepticism towards traditional doctrines, influencing political and social reforms.

Birth Of The Buddha

A significant event in Buddhist art and iconography representing the moment Siddhartha Gautama, the future Buddha, was born.

Ukiyo-E Prints

Describes a genre of Japanese art which flourished from the 17th through 19th centuries, involving woodblock prints and paintings of subjects like female beauties, kabuki actors, and landscapes.

Mineral Pigments

Natural colorants derived from minerals, used historically in painting and decoration for their vivid colors and durability.