Have an account?
Skip to Content
Build your own quiz
10 questions
Show Answers
See Preview
- 1. Multiple Choice
Which of the following is not true of trend analysis? (several possible answers)
It concentrates on different geographic segments of production
It examines changes over time
It concentrates on the relative size of current assets
- 2. Multiple Choice
Examples may include salaries, utilities, rent, insurance, and office supplies.
Revenue
Expense
Net Loss
- 3. Multiple Choice
The sources of money generated by the sale of products or services.
Net Income
Revenue
Net Loss
- 4. Multiple Choice
This document communicates what the entity owns in terms of assets, what it owes in the terms of liabilities, and the difference between those two which represents what the owners o the company are entitled to.
Balancesheet
Balancesheet and cash flow
Cash Flow
- 5. Multiple Choice
You are presented a financial statement and from it you can tell what the business owed looking at a financial statement. By studying the information on the statement, you can tell what the business owns and what it owes as of a certain date. You are looking at:
Balancesheet
Cash Flow
income statement
- 6. Multiple Choice
The current ratio is also known as the:
Working capital ratio
Cash flow ratio
Capital structure ratio
- 7. Multiple Choice
What are assets?
Detailed plans for the financial needs of individuals, families, and businesses.
What a company owns; anything of value owned by a business.
Costs of operating a business
- 8. Multiple Choice
What is the formula for Gross Profit Margin
Gross profit / Sales revenue X 100
Gross profit / Net sales revenue X 100
Profit / Cost of sales X 100
- 9. Multiple Choice
The gross profit margin ratio is calculated by dividing:
Gross profit by sales
Profit by shareholders’ equity
income statement
- 10. Multiple Choice
The current ratio is also known as the:
Working capital ratio
Capital structure ratio
Working capital ratio
- Answer choicesTagsAnswer choicesTags