WorksheetsFinancial Statement Review
Total questions: 8
Worksheet time: 4mins
Which of the following represents a 'snapshot' of a business's financial position at a point in time?
Income Statement
Balance Sheet
Cash Flow Statement
On which of the following statements is 'Sales Revenue' listed?
Income Statement
Balance Sheet
Cash Flow Statement
Which of the following is not a current asset?
Cash
Accounts Receivable
Unearned Revenue
Inventory
Which of the following are liabilities?
Accumulated Depreciation
Short Term Notes
Unearned Revenue
Bank Charges
What type of cash flow is paying a mortgage?
Operating
Financing
Investing
Which of the following equations represents the debt ratio?
Total Assets/Total Liabilities
Total Liabilities/Total Assets
Total Liabilities/Total Owner's Equity
Current Liabilities/Total Liabilities
Luigi sells 3 vacuum cleaners and is paid in credit. Which of the following ratios would be this transaction impact?
Cash return on total assets
Inventory Turnover
Quick Ratio
Gross Profit Margin
Which of the following is a measure of liquidity?
Return on Average Equity
Current Ratio
Debt Ratio
Quick Ratio
