The Following Is a Summary of Information Presented on the Financial

question 97

Multiple Choice

The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2014. What would horizontal analysis report with respect to net sales revenue?

• A)A 5% increase in net sales revenue
• B)A dividend yield of $8.20
• C)That cost of goods sold is 79.19% of net sales revenue
• D)An accounts receivable turnover of 7.24 times

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Definitions:

Socialism

An economic system in which the government owns and operates basic industries but individuals own most businesses.