WorksheetsABM Assessment 2
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
The most common data available for analysis come from Balance sheet and Income statement
a)
True
b)
False
2.
Operating Income/Sales
a)
Profitability
b)
Operating efficiency
c)
Liquidity
3.
Cost of goods sold/Average inventories
a)
Operating efficiency
b)
Liquidity
c)
Profitability
4.
Current Assets/ Current liability
a)
Liquidity
b)
Profitability
c)
Expenses
5.
It is involvles in sidewise comparison
a)
Horizontal analysis
b)
Vertical analysis
c)
Measurement
6.
Total current assets-Total current liabilities
a)
Net working capital
b)
Measure of solvency
c)
Profitability
7.
It is the relationship of available current assets to meets payments of current liabilities.
a)
Current Ratio
b)
Current liability
c)
Acid test ratio
8.
Total owner equity / Total assets
a)
Proprietary or equity ratio
b)
Measure of stability
c)
Cash dividend
9.
Refers to the ability of a business to earn profits from its operations.
a)
Measure of profitability
b)
Composition of income expenses
c)
Vertical analysis
10.
Operating ratio is the relationship of cost of sales and operating expenses to net sales.
a)
True
b)
False
11.
Cost of Sales - Operating Expenses / Net Sales
a)
Operating Ratio
b)
Operating Expense
c)
Owner's Equity
12.
P812,000 + P339,000 / P1,230 is?
a)
.94:1
b)
.96:1
c)
.95:1
13.
Ratio of Net Income to Net Sales = Net Income / Net Sales.
a)
True
b)
False
14.
P79,000 / P1,230,000 = ?
a)
.64:1
b)
.63:1
c)
.65:1
15.
Ratio of Net Income to Total Assets = Net Income / Total Assets
a)
True
b)
False
16.
P79,000 / 2,000,000 = ?
a)
.04:1
b)
.03:1
c)
.05:1
17.
Break even point of sales of a business is that volume of sales which will result to neither profit nor loss on operations
a)
True
b)
False
18.
Fixed expenses are those whose peso amounts are not affected by changes in the volume of sales or production.
a)
True
b)
False
19.
Variable expenses are those which vary with changes in sales or production
a)
True
b)
False
20.
To compute for break even sales in peso and in quantity, determine the sales and variable cost per unit.
a)
True
b)
False
100 %
