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ADM test 2-set 1

Authored by Chik Im Loh

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Used 6+ times

ADM test 2-set 1
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35 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the formula for calculating Net Profit Before Tax (NPBT)?

Revenue - Cost of Goods Sold - Operating Expenses - Interest - Tax
Gross Profit - Operating Expenses + Interest

Net Profit After Tax (NPAT) - Tax

EBIT - Interest

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following statements is true regarding Net Profit After Tax (NPAT)?

NPAT is the profit earned by a company after deducting all expenses including taxes.
NPAT is calculated as Revenue - Cost of Goods Sold - Operating Expenses - Interest.
NPAT is calculated by subtracting taxes from EBIT.
NPAT is also known as the company's bottom line.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A company has the following financial information for the year: Cost of Goods Sold: $150,000 Income Tax Expense: $20,000 Interest Expense: $10,000 Operating Expenses: $100,000 Revenue: $500,000 Calculate the Earnings Before Interest and Tax (EBIT).

$250,000
$230,000
$140,000
$90,000

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A company has the following financial information for the year: Revenue: $1,000,000 Cost of Goods Sold: $400,000 Operating Expenses: $200,000 Interest Expense: $50,000 Income Tax Expense: $100,000 Calculate the Net Profit Before Tax (NPBT).

$350,000
$300,000
250,000
$200,000

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

ABC Corporation has the following information for the year ended December 31, 2022: Sales: $500,000 Cost of Goods Sold: $250,000 Gross Profit: $250,000 Total Assets: $750,000 Calculate the Gross Profit Margin.

50%
40%
35%
25%

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

GHI Corporation has the following information for the year ended December 31, 2022: Net Income: $80,000 Sales: $100,000 Total Equity: $400,000 Calculate the Return on Equity.

16%
20%
25%
30%

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

JKL Corporation has the following information for the year ended December 31, 2022: Revenue: $1,000,000 Cost of Goods Sold: $500,000 Operating Expenses: $250,000 Depreciation Expense: $50,000 Interest expense:$20,000 Tax Rate: 30% Calculate the Profit Margin using EBIT.

10%
15%
20%
25%

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