(Solution) - Multiple Choice Questions Use the Hialeah Bell Corporation financial statements -(2025 Original AI-Free Solution)

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Multiple Choice Questions
Use the Hialeah Bell Corporation financial statements that follow to answer questions 1 through 6.

1. During 2010, Hialeah Bells total assets
a. Increased by $9,390 million.
b. Increased by 26.2%.
c. Both a and b.
d. Increased by 20.8%.
2. Hialeah Bells current ratio at year end 2010 is closest to
a. 1.2.
b. 9,390.
c. 20.8.
d. 0.9.
3. Hialeah Bells acid-test ratio at year-end 2010 is closest to
a. $0.68.
b. $0.75.
c. $8,533 million.
d. 0.45.
4. What is the largest single item included in Hialeah Bells debt ratio at December 31, 2010?
a. Cash and cash equivalents
b. Investments
c. Accounts payable
d. Common stock
5. Using the earliest year available as the base year, the trend percentage for Hialeah
Bells net revenue during 2010 was
a. 121%.
b. up by 21.2%.
c. up by $11,820 million.
d. 138%.
6. Hialeah Bells common-size income statement for 2010 would report cost of goods sold as
a. 79.5%.
b. Up by 16.8%.
c. 130.5%.
d. $34,000million.