
ratio analysis
Quiz
•
•
12th Grade
•
Medium
Commerce Guruji
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a current asset account?
Inventory
Prepaid Insurance
Fixtures
Bank
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Current asset MINUS current liabilities is the
Current Ratio
Net Asset
Net Worth
Working Capital
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Current assets DIVIDED BY current liabilities is the
Current Ratio
Quick Ratio
Net Worth
Working Capital
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The quick ratio EXCLUDES which of the following accounts?
Bank
Cash
Inventory
Debtor
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For its most recent year a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the beginning of the year, its Accounts Receivable were $80,000 and its Inventory was $100,000. At the end of the year, its Accounts Receivable were $86,000 and its Inventory was $110,000.
The inventory turnover ratio for the year was
4.8
4.9
5.0
7.9
Answer explanation
The inventory turnover = Cost of Goods Sold DIVIDED BY average Inventory. In this case that means $525,000 DIVIDED BY $105,000 = 5.0
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mathematical expression of two financial items is known as
Mathematical Analysis
Mathematical expression
Ratio analysis
Ratio expression
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a) Liquidity Ratio explain the liquidity Position of the concern
b) Current ratio express the short term liquidity of the Concern
Both the Statement are Correct
A is Correct but B is Wrong
B is Correct but A is Wrong
Both the Statement are Wrong
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