4. (TCO 7) Which of the following can offer a type of comparison in financial statement analysis? (Points : 5)

Question 4.

4. (TCO 7) Which of the following can offer a type of comparison in financial statement analysis? (Points : 5)

       Past ratios and figures

       Industry averages

       Statistics of competitors

       All of the above

Question 5.

5. (TCO 7) A fiscal year is (Points : 5)

       June to June reporting’s of each year.

       a 12 month accounting period that closes at the end of a month other than December.

       a 12 month accounting period that closes December of each year.

       a natural business year.

Question 6.

6. (TCO 7) Other than December, the most popular month for a fiscal year end is (Points : 5)

       September.

       July.

       June.

       January.

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