Questions-
1. Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc. Use this information to answer the question.
Sales in 2003 were $10,000. Therefore, the compounded average growth rate is:
1. 8.6%
2. 6.7%
3. 6.3%
4. Not enough information available
2. Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc. Use this information to answer the question.
All the customers of Toys by Tom, Inc. take advantage of credit offered. On average, they take ______ days to pay outstanding bills.
1. 76 days
2. 30 days
3. 228 days
4. 45 days
Additional information-
These questions belong to Accounting and discuss about two multiple choice questions.