
Prelim Quiz 2 - Financial Statement Analysis
Authored by Leana Rabaja
Business
12th Grade
Used 2+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of financial statement analysis?
To understand financial conditions
To prepare tax returns
To manage human resources
To create marketing strategies
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the four key financial statements?
Balance Sheet
Income Statement
Cash Flow Statement
Profit and Loss Statement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Balance Sheet summarize?
Retained earnings
Cash inflows and outflows
Assets, liabilities, and net position
Revenue and expenses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Income Statement provide?
Summary of cash flows
Summary of liabilities
Summary of assets
Financial summary of operating results
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Cash Flow Statement summarize?
Retained earnings
Net income and dividends
Operating, investment, and financing cash flows
Assets and liabilities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Statement of Retained Earnings reconcile?
Assets and liabilities
Net income and cash dividends
Sales and expenses
Cash inflows and outflows
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a limitation of financial ratios?
They are always accurate
They are easy to calculate
They can indicate potential problems
They provide a complete picture of performance
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