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WorksheetsFinancial Management - Midterm Quiz
Total questions: 20
Worksheet time: 14mins
What is the formula for Merchandise Inventory Turnover Ratio?
Average Merchandise Inventory/Cost of Goods Sold
Cost of Goods Sold/Merchandise Inventory
Merchandise Inventory/Cost of Goods Sold
Cost of Goods Sold/Average Merchandise Inventory
Debt Ratio can be computed by dividing the?
Total Liabilities/Total Shareholder's Equity
Total Liabilities/Total Assets
Total Liabilities/Average Total Assets
Total Assets/Total Liabilities
Average Sale Period can be computed by dividing
366 days/Accounts Receivable Turnover Ratio
365 days/Inventory Turnover Ratio
365 days/Accounts Receivable Turnover Ratio
366 days/Inventory Turnover Ratio
This ratio is used to measure the liquidity of the firm's receivable.
Current Ratio
Accounts Receivable Turnover Ratio
Quick Ratio
Inventory Turnover Ratio
It pertains to the firm's ability to pay any immediate and incoming cash disbursements
Liquidity
Asset Utilization
Debt-Utilization
Profitability
It estimates the overall debt status of the firm in light of its asset base and earning power.
Liquidity
Asset utilization
Debt-Utilization
Profitability
This measure the capacity to earn sufficient return on sales, total assets and owner's investment.
Liquidity
Asset Utilization
Debt Utilization
Profitability
It measures how often is the turn over of accounts receivable, inventory and long-term assets.
Liquidity
Asset Utilization
Debt Utilization
Profitability
Increase in current assets or decrease in current liabilities increases the current ratio
True
False
High receivable turnover rate does not automatically mean good or efficient collection of the company.
True
False
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
How much is the total current assets?
49,850
50,890
59,850
Cannot be determined
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
If total current liabilities amounted to 19,900. How much is the current ratio?
3.00
3.01
2.55
2.56
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
If total current liabilities amounted to 19,900. How much is the quick assets?
49,850
40,890
24,890
50,890
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
If total current liabilities amounted to 19,900. What is the quick ratio?
3.00
2.55
3.01
2.56
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
If total current liabilities amounted to 19,900, Net Sales for the present year amounted to 480,000 and the ending receivables totaled to 16,500. What is the accounts receivable turnover ratio?
29.10
29.09
29.54
30
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
If total current liabilities amounted to 19,900, Net Sales for the present year amounted to 480,000 and the ending receivables totaled to 16,500. What is the average collection period?
12 days
13 days
14 days
15 days
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
If total current liabilities amounted to 19,900, Net Sales for the present year amounted to 480,000 and the ending receivables totaled to 16,500. However, it was found out that the ending inventory amounted to 9,500 and the Cost of Goods Sold totaled to 364,000. What is the inventory turnover ratio?
76.63
39.44
52.00
52.04
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
If total current liabilities amounted to 19,900, Net Sales for the present year amounted to 480,000 and the ending receivables totaled to 16,500. However, it was found out that the ending inventory amounted to 9,500 and the Cost of Goods Sold totaled to 364,000. What is the average sale period?
9 days
10 days
11 days
12 days
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
If total liabilities amounted to 598,030 and total assets amounted to 1,014,082. What is the debt ratio?
59%
59.06%
58%
58.06%
Cash & Cash Equivalent - 24,890
Held for Trading - 10,000
Trade and Other Receivables - 16, 000
Inventory - 8,960
If total liabilities amounted to 598,030 and total assets amounted to 1,014,082. How much is the Shareholder's Equity?
356,202
400,052
416,052
390052
