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3.5 BM - profitability, liquidity ratios

Total questions: 20

Worksheet time: 14mins

Name
Class
Date
1.
A comparison between two numbers showing how many times one number exceeds the other.
a)
return on investment
b)
profitability ratios
c)
ratio
d)
efficiency ratios
2.
Financial ratios that tell how well a company can pay off its short-term debts and meet unexpected needs for cash.
a)
liquidity ratios
b)
efficiency ratios
c)
leverage ratios
d)
profitability ratios
3.
Financial ratios that indicate how effectively a company uses its resources to generate sales.
a)
liquidity ratios
b)
leverage ratios
c)
profitability ratios
d)
efficiency ratios
4.

Profitability ratios are important to who?

a)

Customer

b)

Owner

c)

Board members

5.

A Business Has The Following:


Fixed Assets = £6000

Current Assets = £2000

Inventory = £1000

Current Liabilities = £500


Calculate It's Current Ratio

a)

1 : 4

b)

1 : 5

c)

1 : 2

d)

1 : 3

e)

1 : 6

6.

What is the correct definition of Positive Liquidity

a)

A business has enough cash to pay off their liabilities.

b)

A business does not have enough cash to pay off their liabilities.

c)

A business has enough fixed assets to sell in order to pay off their current liabilities

d)

A business has a greater amount of fixed assets than current assets.

e)

A business has more money going going to creditors than it is receiving from debtors.

7.

What is the correct calculation for the liquid capital ratio?

a)

Gross Profit / Turnover * 100

b)

Net Profit / Turnover * 100

c)

Total Current Assets / Total Current Liabilities

d)

(Current Assets - Inventory) / Current Liabilities

8.

A Business Has The Following:


Fixed Assets = £6000

Current Assets = £2000

Inventory = £1000

Current Liabilities = £500


Calculate It's Liquid Capital Ratio

a)

1 : 2

b)

1 : 12

c)

1 : 4

d)

1 : 12.5

e)

1 : 8

9.

What is the correct calculation for the gross profit margin?

a)

Gross Profit / Turnover * 100

b)

Net Profit / Turnover * 100

c)

Total Current Assets / Total Current Liabilities

d)

(Current Assets - Inventory) / Current Liabilities

10.

What is the correct calculation for the net profit margin?

a)

Gross Profit / Turnover * 100

b)

Net Profit / Turnover * 100

c)

Total Current Assets / Total Current Liabilities

d)

(Current Assets - Inventory) / Current Liabilities

11.

A company has a high net profit ratio, what alterations can be made to improve the ratio?

a)

Increase sales revenue

b)

Increase expenses

c)

Increase stock

12.

Identify the three sections of a Balance Sheet

a)

Revenue

b)

Assets

c)

Equity

d)

Expenses

e)

Liabilities

13.

Three profitability ratios are:

a)

Return on Assets (ROA)

b)

Quick Ratio

c)

Return on Equity (ROE)

d)

Debt to Equity

e)

Return on Capital Employed

14.

Identify two liquidity ratios.

a)

Current Ratio

b)

Fixed Asset Turnover

c)

Quick Ratio

d)

Debt to Equity

15.
Quick assets include cash and merchandise inventory.
a)
True
b)
False
16.
Gross margin can be increased by
a)
a. selling more merchandise.
b)
b. buying less merchandise.
c)
c. increasing unit sales prices.
d)
d. reducing operating expenses.
17.
What are assets?
a)
What a company owns; anything of value owned by a business.
b)
Costs of operating a business.
c)
Detailed plans for the financial needs of individuals, families, and businesses.
d)
Differences between actual and budgeted performance.  
18.

The current ratio is also known as the:

a)

Quick ratio

b)

Working capital ratio

c)

Cash flow ratio

d)

Capital structure ratio

19.
The difference between current assets and current liabilities at a point in time. The amount of money that would be left over if all the current liabilities were paid off by current assets. 
a)
current ratio
b)
working capital
c)
acid test/ quick ratio
d)
asset turnover ratio
20.
What is C?
a)
80
b)
24
c)
96
d)
92