
Internal Controls / Ratios
Quiz
•
Fun
•
Professional Development
•
Practice Problem
•
Hard
Nicole Chuchmach
Used 2+ times
FREE Resource
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Food cost percentage is calculated by dividing food sales over food costs
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A food cost percentage of 45% is favourable
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Current Ratio
Liquidity Ratio
Solvency Ratio
Activity Ratio
Profitability Ratio
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A current ratio of 2:1 means that a company has $2 of current assets to $1 of current liabilities
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A company that is solvent means that:
Liabilities exceed assets
Gross Profit is negative
Assets exceed Liabilities
None of the answers are correct
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If a business is financed through debt......
Financing is from the bank
Financing is from investors
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A debt-to-equity ratio of 2 or higher is considered favorable
True
False
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