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What is the percentage change

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Q1. Sales are $2.59 million in 2020, $2.69 million in 2021, and $2.49 million in 2022. What is the percentage change from 2020 to 2021? What is the percentage change from 2021 to 2022? Be sure to indicate whether the percentage change is an increase or a decrease.

Q2. Which statement does not describe Bonds?

A. Bonds are considered to be the best alternative over issuing stock when financing is needed if the company does not want the stock shares to be diluted.

B. The cash interest payment and the amount recorded as interest expense does not differ when bonds are issued at face value.

C. When bonds are issued above face value it is because the market rate of interest is higher than the face rate of interest.

D. The carrying value of bonds increases over time when issued at a discount.

Q3. You are considering an investment in Pfizer Pharmaceuticals stock and wish to assess the firm's earnings performance. All of the following ratios can be used to assess profitability except:

A. Gross profit ratio

B. Return on assets

C. Earnings per share

D. Average days to collect receivables

Reference no: EM132953306

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