What Answer Should Be Reported,with the Correct Number of Significant

question 45

Multiple Choice

What answer should be reported,with the correct number of significant figures,for the following calculation? (965.43 × 3.911) + 9413.4136

• A) 13189
• B) 13189.2
• C) 1.32 × 10⁴
• D) 1.3 × 10⁴
• E) 1.319 × 10⁴

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Definitions:

Vertical Analysis

Vertical Analysis is a financial statement analysis tool that presents each item in the financial statement as a percentage of a base figure for the same period, facilitating ratio comparisons.

Horizontal Analysis

Horizontal analysis is a financial analysis method that compares historical financial data across different periods to identify trends and growth patterns.

Common-sized Statement

Financial reports displaying every item as a proportion of a base figure, making it easier to compare between different times or businesses.

Financial Analysis

The evaluation of a business, project, budget, or other finance-related entity to determine its performance, stability, and profitability.