The analyst should be careful when analyzing ratios that ________
A) pre-audited statements are used
B) right interpretation of the ratio value is made
C) financial data being compared need not be uniform
D) inflation will not affect while comparing older to newer firms
B
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Houlihan, Inc purchased a van on January 1, 2016, for $800,000
Estimated life of the van was five years, and its estimated residual value was $90,000. Houlihan uses the straight-line method of depreciation. Give the journal entry to record the depreciation expense for 2016 on the van. What will be an ideal response
Gail used her financial calculator to calculate her bond's yield to maturity. Given the following information what was her yield? N = 10; PV = -880.00; PMT = 100; FV = 1000
A) 10.0% B) 8.80% C) 10.18% D) 12.14% E) none of the above