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Financial Statement Analysis Quiz 9 (30 MCQs)

Quiz Instructions

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1. Which of the following organizations is least likely involved with enforcing compliance with financial reporting standards?.
2. What is ratio analysis?
3. Below are all the components of financial statements except:
4. In the Cash Flow Statement, net cash flow from the Operating Activities is negative. What could be the possible reasons for the same?
5. If inventory were determined in one period on one basis and in the next period on a different basis, the resulting inventory and profits would not be comparable from period to period
6. Who will not be considered as Related Party for a Company?
7. Market value ratios indicate
8. Working Capital formula?
9. A Company's liquid assets are Rs.5, 00, 000 and its current liabilities are Rs.3, 00, 000. Thereafter, it paid Rs.1, 00, 000 to its trade payables. Quick ratio will be:
10. A company having earnings per share of $ 5.67 is more profitable than a ocmpany having earnings per share of $ 4.32
11. If current liabilities are P100, 000 and current assets are P200, 000, what is the current ratio?
12. ..... is a summary of the profitability of the firm over a period of time, such as a year.
13. Return on total assets is the product of
14. What is the difference between Current Tax and Deferred Tax?
15. Candy Corporation had pretax profits of RM1.2 million, an average tax rate of 34 percent, and it paid preferred stock dividends of RM50, 000. There were 100, 000 shares outstanding and no interest expense. What were Candy Corporation's earnings per share?
16. The ratio that gives the best indication of how effectively a business is earning a profit from its normal business operations is the
17. A firm, engaged in the manufacturing of Plastic Bottles, invested Rs. 35 lakh during FY 2015-16 in one of its associate concern. During FY 2017-18, the firm has received an income of Rs. 2.86 lakh from these investments. What should be the treatment of this income while preparing / validating the operating statement of the firm?
18. The set of ratios that is most useful in evaluating solvency is
19. If you want to assess the profitability of a business, which ratio is the most appropriate?
20. What are the different methods used in financial statement analysis?
21. Total equity divided by total assets
22. You can get this information by reading financial reports, except
23. If at year end Cash is $ 5, 460, Accounts Receivable is $ 3, 505, Current Assets are $ 18, 475, and Current Liabilities are $ 18, 860; what is the current ratio?
24. Comparisons of financial statements highlights the trend of the ..... of the business.
25. Under which major head will the following be shown:(i) Share Capital; and (ii) Money Received Against Share Warrants?
26. Which of the following would NOT be included as a liability in a corporate balance sheet?
27. Investors are willing to pay a higher P/E ratio for growth stocks than for income stocks.
28. Below are all the advantages of financial ratio except:
29. If Nico Corporation has cost of goods sold of RM300, 000 and inventory of RM30, 000, then the inventory turnover is ..... and the average age of inventory is .....
30. Return on assets measures the efficiency with which management
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