CMA 1.1 - 1.2 (16.12.2024)
Authored by tran tai
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30 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the purpose of common-size financial statements?
To compare firms of different sizes
To measure profitability
To assess liquidity
To evaluate leverage
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
In common-size income statements, what is the base amount?
Total assets
Net sales
Gross profit
Operating income
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
In common-size balance sheets, what is the base amount?
Total assets
Net sales
Gross profit
Operating income
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is vertical analysis?
Comparing line items over several periods
Comparing line items within the same period
Comparing firms of different sizes
Comparing industry averages
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is horizontal analysis?
Comparing line items over several periods
Comparing line items within the same period
Comparing firms of different sizes
Comparing industry averages
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the purpose of trend analysis?
To compare firms of different sizes
To measure profitability
To identify patterns in data over time
To evaluate leverage
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What does a common-size income statement express each line item as a percentage of?
Total assets
Net sales
Gross profit
Operating income
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