BUS 329 Quiz 3 | Questions and Answers Latest Updated 2026 (Graded A+) - Murdoch University

BUS 329 Quiz 3 | Questions and Answers Latest Updated 2026 (Graded A+) -
Murdoch University




Question 1
Correct

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27. Common size balance sheets make it easier to compare firms



Select one:
a. with different capital structure
b. in different industries
c. in different countries
d. of different sizes



Question 2
Correct

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18. A firm's current ratio is above the industry average, while the firm's quick ratio is below the industry average. These
two ratios suggest that the firm



Select one:
a. has relatively more total current assets than other firms in the industry
b. manages its inventory very efficiently
c. has relatively more total current liabilities than other firms in the industry
d. has liquidity problem




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, Question 3
Correct

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12. In periods of inflation, accounting depreciation is relative to replacement cost, and real economic income
is



Select one:
a. Understated, understated
b. understated, overstated
c. overstated, understated
d. overstated, overstated




Question 4
Correct

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19. Which of the following is a measure of what the firm would have earned if it didn't have any obligations to creditors or
tax authorities



Select one:
a. Earnings per share (EPS)
b. Net Income
c. Non-operating Income
d. Earning before interest and taxes (EBIT)




Question 5
Correct

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15. A measure of asset utilization is



Select one:
a. operating profit to sales ratio
b. return on equity
c. return on total asset
d. sales to working capital ratio




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