2/15/2021 Sophia :: Welcome
Score 27/27
You passed this Milestone
27 questions were answered correctly.
UNIT 1 — MILESTONE 1
1
Which of the following would explain a company’s day sales outstanding ratio rising from 32 to 41.25?
The company's accounts receivable has decreased while the average inventory has increased.
The company's accounts receivable has decreased while the average inventory has remained constant.
The company's accounts receivable has remained constant while total sales has decreased.
The company's accounts receivable has decreased while total sales has increased.
CONCEPT
Asset Management Ratios
2
After a significant economic recession, prices and investing activity in the stock market began trending
consistently upward six years ago. In the last three months, this trend has reversed and prices have fallen
steadily.
How are the past three months of the stock market classified?
Primary bear market
Primary bull market
https://strayer.sophia.org/spcc/principles-of-finance/milestone_take_feedbacks/7907010 1/13
, 2/15/2021 Sophia :: Welcome
Secular bear market
Secular bull market
CONCEPT
Financial Markets
3
What expenses typically come first in the "Expenses" section of an income statement?
Selling, general and administrative expenses
Tax expenses
Irregular expenses
Non-operating expenses
CONCEPT
Standardizing Financial Statements
4
For which company can trend analysis be most useful?
A manufacturing company that has recently expanded into mining as well
An established hotel company that has made very few changes to its business model
A ride-sharing company whose business model has been rapidly adapting to market conditions
An insurance company that has recently been subject to new accounting laws
https://strayer.sophia.org/spcc/principles-of-finance/milestone_take_feedbacks/7907010 2/13
Score 27/27
You passed this Milestone
27 questions were answered correctly.
UNIT 1 — MILESTONE 1
1
Which of the following would explain a company’s day sales outstanding ratio rising from 32 to 41.25?
The company's accounts receivable has decreased while the average inventory has increased.
The company's accounts receivable has decreased while the average inventory has remained constant.
The company's accounts receivable has remained constant while total sales has decreased.
The company's accounts receivable has decreased while total sales has increased.
CONCEPT
Asset Management Ratios
2
After a significant economic recession, prices and investing activity in the stock market began trending
consistently upward six years ago. In the last three months, this trend has reversed and prices have fallen
steadily.
How are the past three months of the stock market classified?
Primary bear market
Primary bull market
https://strayer.sophia.org/spcc/principles-of-finance/milestone_take_feedbacks/7907010 1/13
, 2/15/2021 Sophia :: Welcome
Secular bear market
Secular bull market
CONCEPT
Financial Markets
3
What expenses typically come first in the "Expenses" section of an income statement?
Selling, general and administrative expenses
Tax expenses
Irregular expenses
Non-operating expenses
CONCEPT
Standardizing Financial Statements
4
For which company can trend analysis be most useful?
A manufacturing company that has recently expanded into mining as well
An established hotel company that has made very few changes to its business model
A ride-sharing company whose business model has been rapidly adapting to market conditions
An insurance company that has recently been subject to new accounting laws
https://strayer.sophia.org/spcc/principles-of-finance/milestone_take_feedbacks/7907010 2/13
