Chapter 25: Analysis of Accounts
DRAFT
10th - 11th grade
65 times
Other
59%
average accuracy
2 years ago
deanhoss
0
Save
Edit
Edit
Chapter 25: Analysis of Accounts
DRAFT
2 years ago
by
deanhoss
Played 65 times
0
10th - 11th grade
Other
59% average accuracy
0
Save
Edit
Edit
Print
Share
Edit
Delete
Host a game
Live Game
Live
Homework
Solo Practice
Practice
Play
Share practice link
Finish Editing
This quiz is incomplete! To play this quiz, please finish editing it.
Delete Quiz
This quiz is incomplete! To play this quiz, please finish editing it.
20 Questions
Show answers
Question 1
SURVEY
30 seconds
Q. Gross Profit Refers to
answer choices
money remaining after all expenses are paid
money remaining after taxes have been paid
Sales less cost of goods sold
None of the above
Question 2
SURVEY
30 seconds
Q. Net Profit or Net Loss refers to
answer choices
Gross Profit + Sales Revenue
The sum of assets and liabilities
Gross Profit - expenses
None of the above
Question 3
SURVEY
30 seconds
Q. What is the Gross Profit Margin for this business?
answer choices
20%
30%
25%
40%
Question 4
SURVEY
30 seconds
Q. What is the Net Profit Ratio for this business?
answer choices
17%
30%
22%
18%
Question 5
SURVEY
30 seconds
Q. What is the Return on Capital Employed for this business?
answer choices
10%
10.5%
11%
18%
Question 6
SURVEY
30 seconds
Q.
How can a business improve the Gross Profit Margin?
answer choices
Finding a cheaper supplier
Lowering wages
Lowering the cost of electricity
All of the above are correct
Question 7
SURVEY
30 seconds
Q. How can a business improve the Net Profit Margin?
answer choices
Finding a more expensive supplier with better quality
Reducing the wage bill
Raising electricity usage
None of the above
Question 8
SURVEY
30 seconds
Q. Financial ratios are used in comparison of other like businesses?
answer choices
True
False
Question 9
SURVEY
30 seconds
Q.
It is better to have a lower NP than the industry average?
answer choices
True
False
Question 10
SURVEY
30 seconds
Q.
The Return on Capital Employed is considered to be good if...
answer choices
the return is greater than the sum total of Net Assets
the return is less than the bank interest rate
the return is equal to the bank interest rate
the return is greater than the bank interest rate
Question 11
SURVEY
30 seconds
Q.
What is a current asset?
answer choices
Something a firm owes that must be paid in > 1 year.
Something a firm owns that can turn into cash in > 1 year.
Something a firm owns that you can turn into cash <1 year.
None of the above
Question 12
SURVEY
30 seconds
Q.
What is a current liability?
answer choices
Something a firm owns that can be turned into cash <1 year.
Something a firm owns that can be turned into cash >1 year.
Something a firm owes that must be paid <1 year.
Something a firm owes that must be paid >1 year.
Question 13
SURVEY
30 seconds
Q. What is the current ratio?
answer choices
Non Current Assets: Non Current Liabilities
Current Assets: Non Current Liabilities
Non Current Assets: Current Liabilities
Current Assets:Current Liabilities
Question 14
SURVEY
30 seconds
Q.
What does the current ratio show us?
answer choices
How many current assets a firm has
A measure of a firms ability to meet short term liabilities
How many current liabilities a firm owes
How much debt a firm owes
Question 15
SURVEY
30 seconds
Q. What is removed from the current ratio to make it an acid test ratio?
answer choices
Stock
Debtors
Creditors
Bank
Question 16
SURVEY
30 seconds
Q. Current assets of £8m (£4m is stock) & Current Liabilities of £2m. What is their current ratio?
answer choices
1:2
4:1
2:1
1:4
Question 17
SURVEY
30 seconds
Q.
Current assets of £8m (£4m is stock) & Current Liabilities of £2m. What is the Acid Test ratio?
answer choices
1:2
4:1
2:1
1:4
Question 18
SURVEY
30 seconds
Q. What is the ideal value for current ratio?
answer choices
1:2
1:1
1.5:1
0.5:1
Question 19
SURVEY
30 seconds
Q.
What is the ideal value for the acid test ratio?
answer choices
1:2
1:1
2:1
0.5:1
Question 20
SURVEY
30 seconds
Q.
How can you improve the current ratio?
answer choices
Manage debts
Seek long term finance
Reduce investments
All of the above
Report Quiz
Report Error
Quizzes you may like
15 Qs
Recruitment
1.7k plays
20 Qs
Selling
1.0k plays
20 Qs
Business Organizations and Market Structures
1.2k plays
20 Qs
Business Organizations (Economics)
2.1k plays
15 Qs
Customer Service
2.5k plays
20 Qs
Functions of Business
2.5k plays
15 Qs
Entrepreneurship
4.5k plays
Why show ads?
Report Ad
BACK TO EDMODO
Quizzes you may like
15 Qs
Recruitment
1.7k plays
20 Qs
Selling
1.0k plays
20 Qs
Business Organizations and Market Structures
1.2k plays
20 Qs
Business Organizations (Economics)
2.1k plays
15 Qs
Customer Service
2.5k plays
20 Qs
Functions of Business
2.5k plays
15 Qs
Entrepreneurship
4.5k plays
Quiz not found!
BACK TO EDMODO
Menu
Find a quiz
All quizzes
All quizzes
My quizzes
Reports
Create a new quiz
0
Join a game
Log in
Sign up
View profile
Have an account?
Log in now
Create a new quiz
Find a quiz
My quizzes
Reports
Classes
new
Collections
Memes
Refer a friend
Click to Log In
Find a quiz
Create a quiz
My quizzes
Reports
Classes
new
Memes
Collections
Profile
Settings
Log out
Refer a friend