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- 1. Multiple Choice
What is the acid test ratio?
Current assets/liabilities
Money owed by the business that should be paid within a year
Similar to the current ratio but excludes stocks from current assets
- 2. Multiple Choice
What are liabilities?
Money that the business has in stock
Money owed by the business to banks
The amount of money owed to shareholders
- 3. Multiple Choice
What are net assets?
Total assets - total liabilities
Current assets - current liabilities
Money left over after your bills are paid
- 4. Multiple Choice
What is working capital?
Capital available to spend
Capital you use to pay for fixed assets
Funds left over to meet day to day expenses
- 5. Multiple Choice
What are curent assets?
Fixed assets
Liquid assets
Variable assets
- 6. Multiple Choice
What is Shareholders Equity?
The money owed by the business to the shareholders
The money shareholders pay to the business
The amount of profit shareholders receive on their shares
- 7. Multiple Choice
Do assets belong to a business?
Yes
No
- 8. Multiple Choice
Are inventories held by a Business?
Yes
No
- 9. Multiple Choice
Are non-current liabilities
Money owed by the business for less than a year
Money owed by the business for more than a year
Resources that will be used over a period of time
- 10. Multiple Choice
What is Trade or other payables often called
Credit
Trade Creditors
Trade Union
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