QUESTION 1
Operating profit is trending higher during the period 2012-2014.
True
False
1 points
QUESTION 2
Using a vertical analysis, property, plant and equipment represents the largest asset category at December 31, 2014.
True
False
1 points
QUESTION 3
The cash effects of the change in receivables generated cash in operating activities for the year ended December 31, 2014.
True
False
1 points
QUESTION 4
Inventories at December 31, 2014 consist primarily of raw materials and supplies.
True
False
1 points
QUESTION 5
Colgate’s marketing costs include advertising costs, which are recorded as a reduction of sales.
True
False
1 points
QUESTION 6
The debt-to-equity ratio at December 31, 2013 was approximately 4.5 to 1.
True
False
1 points
QUESTION 7
Oral care product shipments represented 28% of total sales for the year ended December 31, 2014.
True
False
1 points
QUESTION 8
Colgate maintained a current ratio of 1.0 or higher at the end of its accounting year during the period 2005 through 2014.
True
False
1 points
QUESTION 9
Other long-term liabilities consists primarily of accrued payroll and employee benefit plan liabilities.
True
False
1 points
QUESTION 10
Capital expenditures in 2014 were higher as compared to the prior year period.
True
False
1 points
QUESTION 11
What is number of authorized shares of common stock?
A. 1,465,706,360
B. 1,530,000,000
C. 10,000,000,000
D. 2,000,000,000
1 points
QUESTION 12
For the oral, personal and home care business segment, which geographic area contributed the most to operating profit in 2014?
A. Europe/South Pacific
B. Africa/Eurasia
C. Latin America
D. Asia
E. North America
1 points
QUESTION 13
Return on equity measures the return to stockholders. In calculating Colgate’s return on equity for the year ended December 31, 2014, what is the denominator in the fraction?
A. $1,385
B. $2.339
C. $13,459
D. $1,961
1 points
QUESTION 14
Treasury stock acquired during the year ended December 31, 2014 was
A. $932
B. $2,387
C. $784
D. $1,530
1 points
QUESTION 15
What are the number of common shares issued at December 31, 2014 as reported in the basic financial statements?
A. 2,000,000,000
B. 2,254,912,806
C. 2,843,471,756
D. 1,465,706,360
1 points
QUESTION 16
What is Colgate’s gross profit for the year ended December 31, 2014?
A. $17,277
B. $2,339
C. $3,557
D. $10,109
1 points
QUESTION 17
At December 31, 2014, what were allowances that reduced receivables?
A. $54
B. $202
C. $67
D. $129
1 points
QUESTION 18
Inventory costs are primarily determined based on what accounting method?
A. Specific Identification
B. LIFO
C. FIFO
D. Average Cost
1 points
QUESTION 19
What were the amount of dividends paid for the year ended December 31, 2014?
A. $12,003
B. $1,446
C. $1,382
D. $1,277
1 points
QUESTION 20
Colgate’s depreciation expense is recognized over the assets’ estimated useful lives using the
A. straight-line method.
B. declining balance method
C. sum of the years method
D. production method.
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