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Industry Average Quiz

To create a common size income statement ____________ all items on the income statement by ____________.

If a firm has "goodwill" recorded on its balance sheet it must have ____________.

An example of a liquidity ratio is

A firm has a higher asset turnover ratio than the industry average, which implies

Over a period of thirty-odd years in managing investment funds, Benjamin Graham used the approach of investing in the stocks of companies where the stocks were trading at less than their working capital value. The average return from using this strategy was approximately

A measure of asset utilization is

During periods of inflation, the use of FIFO (rather than LIFO) as the method of accounting for inventories causes

MBC Company has a ratio of (total debt/total assets) that is above the industry average, and a ratio of (long term debt/equity) that is below the industry average. These ratios suggest that the firm

Which of the following ratios gives information on the amount of profits reinvested in the firm over the years

Comparability problems arise because