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- 1. Multiple Choice
Which of the following is not a current asset?
Inventory
Prepaid Insurance
Fixtures
- 2. Multiple Choice
Current assets MINUS Current liabilities is the
Current Ratio
Net Worth
Working Capital
- 3. Multiple Choice
Current assets DIVIDED BY current liabilities is the
Current Ratio
Net Worth Ratio
Working Capital
- 4. Multiple Choice
The Quick Ratio EXCLUDES which of the following?
Inventory
Cash
Net Profit
- 5. Multiple Choice
The company's working capital is
60,000
66,000
196,000
- 6. Multiple Choice
The company's current ratio is
1.0:1
2.0:1
2.1:1
- 7. Multiple Choice
Comparisons of financial statements highlights the trend of the ________________ of the business.
Financial position
Performance
Profitability
All of the above
- 8. Multiple Choice
Which of the following statements represents information at a specific point in time?
The Income Statement and the Balance Sheet
The Income Statement
The Balance Sheet
- 9. Multiple Choice
Current ratio is also known as the acid test ratio
True
False
- 10. Multiple Choice
Liquidity ratios indicate the company's ability to pay its current liability
True
False
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