
FINANCIAL ANALYSIS-SKOUSEN
Authored by NORMAN SAMERA
Other
10th Grade
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20 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A useful tool in financial statement analysis is the common-size financial statement. What does this tool
enable the financial analyst to do?
a. Evaluate financial statements of companies within a given industry of approximately the
same value.
b. Determine which companies in the same industry are at approximately the same stage of
development.
c. Ascertain the relative potential of companies of similar size in different industries.
d. Compare the mix of assets, liabilities, capital, revenue, and expenses within a company
over time or between companies within a given industry without respect to relative size.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
When using common-size statements
a. data may be selected for the same business as of different dates, or for two or more
businesses as of the same date.
b. relationships should be stated in terms of ratios.
c. dollar changes are reported over a period of at least three years.
d. All of the above are correct.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Which of the following statements best describes the use of financial statement analysis?
a. Financial statement analysis techniques are merely guides to interpretation of financial
data.
b. Financial statement analysis can eliminate the risk in investment decisions.
c. Measurements for a specific company should be compared only with data from past
periods.
d. All of the above are correct.
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Rauh Corporation had a current ratio of 2.0 at the end of 2004. Current assets and current liabilities increased
by equal amounts during 2005. The effects on net working capital and on the current ratio, respectively, were
a. no effect; increase.
b. no effect; decrease.
c. increase; increase.
d. decrease; decrease.
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Which of the following ratios measures short-term solvency?
a. Current ratio
b. Creditors' equity to total assets
c. Return on investment
d. Total asset turnover
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
If a firm changes its inventory method from FIFO to LIFO just prior to a period of rising prices, the effect in
the next period will be
Current Ratio Inventory Turnover
a. No effect Increase
b. No effect Decrease
c. Increase Decrease
d. Decrease Increase
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Which of the following transactions would increase a firm's current ratio?
a. Purchase of inventory on account
b. Payment of accounts payable
c. Collection of accounts receivable
d. Purchase of temporary investments for cash
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