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WorksheetsComponent 3 - Assets/Liabilities/Liquidity - Topic 5
Total questions: 12
Worksheet time: 9mins
1) Which of the following is the term for long term assets such as vehicles & buildings?
Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
2) Which of the following is the term for short term debts that a business owes such as an overdraft?
Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
3) Which of the following categories would highlight the inventories (stock) that a business owns?
Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
4) Which of the following categories would highlight bank loans that a business owes?
Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
5) Net current assets is calculated by
Current liabilities - current assets
Current assets / current liabilities
Current Liabilities / Current Assets
Current assets - current liabilities
6) This term refers to the money invested in a business
Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
Capital
7) Which term refers to the ease with which you can repay short term debts?
Cash
Cash Balance
Liquidity
Assets
8) When a business finds repaying short term debts difficult they have _____________.
Cash
A Cash Balance
Good Liquidity
Poor Liquidity
9) The current ratio measures..............................
How easily short term debts can be repaid
How easily assets can be repaid
How large current liabilities are
How large the assets of a business are.
10) The liquid capital ratio is measured by which of the following?
Current Assets / Current Liabilties
Current Liabilities / Current Assets
Current Assets - Inventories (stock) / Current Liabilties
Current Assets - Current Liabilities
11a) What is the total assets figure?
£2,000
£20,000
£28,000
£4,000
11b) What is the net current assets figure?
£6,000
£10,000
£22,000
£18,000
