Title: Assess the financial strength of a business and its effect on the business, industry, and economy.
Course: Accounting, Advanced (12104-II) > Section: Analyzing Financial Data

Assessment should use comparative company and industry data to determine the following:

- Liquidity Ratios
  - Current Ratio
  - Quick Ratio
  - Working Capital
  - Interest Coverage

- Asset Management Ratios
  - Accounts Receivable Turnover
  - Average Collection Ratio
  - Inventory Turnover
  - Asset Turnover

- Debt Management Ratios
  - Debt to Total Assets
  - Debt to Stockholders’ Equity
  - Times Interest Earned
  - Interest Coverage Ratio

- Profitability Ratios
  - Gross and Net Profit Ratios
  - Return on Sales
  - Rate of Return on Total Assets
  - Return on Equity, Earnings Per Share
  - Price/Earnings Ratio

- Discontinued Operations
  - Calculation of Income or Loss, Net of Income Tax
  - Effect of Ratios on Management Decisions
  - Asset Turnover
  - Reporting Gain or Loss on Disposal
  - Adjustments for Obligations and Contingent Liabilities