Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Financial Statement Analysis Quiz 6 (30 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Silver Clothing Store had a balance in the Accounts Receivable account of P920, 000 at the beginning of the year and a balance of P980, 000 at the end of the year. Net credit sales during the year amounted to P9, 500, 000. The average collection period of the receivables in terms of days was?
2. Honest and Company has the following credit balances in its books at the end of FY. What are the total long term liabilities? (i) Trade Payables Rs. 130 (ii) Deferred Tax Rs. 40 (iii) Term Loan Rs. 240 (Due in 4 equal installments) (iv) Share Premium Rs. 80 (v) Long Term Provision for Pension Payment Rs. 210.
3. The comparison of a firm's current assets to current liabilities. The ratio indicates the amount of current assets available to pay off $ 1 of current debt.
4. 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.
5. The percentage analysis of increases and decreases in individual items in comparative financial statements is called:
6. Advance given for procurement of Machine should be classified as?
7. What does the quick ratio measure?
8. Inventory turnover
9. The ..... of business firm is measured by its ability to satisfy its short term obligations as they become due:
10. Which statements are involve personal judgement in certain cases?
11. Which of the following is not included in computing EBT (earnings before taxes)?
12. The amount of profit generated by the firm in relation to the amount invested by the owners.
13. According to CIMB Niaga KAP SOP, which tier of KAPs does it allow for L/K audit results without needing bank statement analysis?
14. Financial statements are prepared for the use of?
15. Alpha Company's benchmark total operating expense ratio is between 32.0% and 34.0%. An increase in its operating expense ratio from 33.1% to 34.2% is a favorable trend.
16. Labor unions use the financial reports to help determine their demands when they negotiate for employees
17. What does the inventory turnover ratio measure?
18. If the Total of Current Assets is Rs. 168 lakh and Total Current Liabilities is Rs. 142.68 lakh, then what will the amount of long term funds, which are supporting the financing of current assets?
19. State any two items that are included in the following major head under which liabilities of a company are shown:(i) Short term Borrowings.
20. What will be the EBIDTA if, Depreciation is Rs. 12.50 lakh, Profit Before Tax is Rs. 36.40 lakh, Interest cost is Rs. 16.55 lakh and tax expense is Rs. 10.92 lakh?
21. What will be the cash accrual of the a unit if, Sales is Rs. 135 lakh, Loss is Rs. 0.10 lakh and Depreciation is Rs. 8 lakh. The unit has paid an interest of Rs. 4 lakh on term loan.?
22. Identify the major heads under which the following items will be shown in the Balance Sheet of a company as per Schedule III of Companies Act, 2013:(i) Provision for Tax.(ii) Loan payable on demand.
23. What does the profit margin ratio measure?
24. In the long run, it is most important for a business to generate an inflow of cash from its:
25. If you were given the components of current assets and of current liabilities, what ratio(s) could you compute?
26. Choose the appropriate ratio analysis:Accounts receivable turnover
27. Total Fund Utilised = Fixed Assets + Investment +?
28. Which of the following generally is the most useful in analyzing companies of different sizes?
29. Below are methods of analyzing financial statements except.....
30. Cash margin for issuance of LC for purchase of Machine, is to be classified as?
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books