Financial Ratios Quiz - ing Coach 2g1m5z
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7/31/2011
Financial Ratios Quiz | ingCoach…
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NOTE: For multiple-choice and true/false questions, simply place your cursor over what you think is the correct answer. (There is no need to click the answer.) For fill-in-the-blank questions place your cursor over the _________. If you have difficulty answering the following questions, learn more about this topic by reading our Financial Ratios Explanation.
Bookkeeping Exam Gain knowledge and confidence with s, debits & credits, ing basics, and more. now
We also have Crosswords and Q&A for this topic.
1.
Financial Exams
Which of the following is not a current asset? Inventory
Prepaid Insurance
Fixtures
Covers 16 financial ing topics (640 questions). now
2.
Current asset MINUS current liabilities is the current ratio
net worth
working capital
Managerial Exams Covers 19 managerial ing topics (520 questions).
3.
now
Current assets DIVIDED BY current liabilities is the current ratio
the net worth ratio
working capital
Receive our popular 19-page Cheat Sheet at no 4.
cost when you our free newsletter:
The quick ratio EXCLUDES which of the following? s Receivable
Inventory
Cash
First Name:
Email Address: Use the following information to answer items 5 - 7: At December 31 a company's records show the following information: Cash $ 10,000 s Receivable
30,000
Inventory
80,000
Prepaid Insurance
6,000
Long-term Assets
200,000
s Payable
30,000
Notes Payable due in 10 months
25,000
Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity
5,000 70,000 196,000
Our Newsletter
90,000+ have already ed
Business Forms Browse our 87 business forms and templates. now
5.
The company's working capital is
ingcoach.com/…/03Dpg01.html
1/3
7/31/2011 5.
Financial Ratios Quiz | ingCoach…
The company's working capital is $60,000
$66,000
$196,000
ing Jobs ing job listings for job-seekers and employers. 6.
The company's current ratio is 1.0 : 1
7.
Browse ing jobs 2.0 : 1
2.1 : 1
1.0 : 1
2.0 : 1
The company's quick ratio is 0.7 : 1
HDFC Hiring for July 2011 7500+ P.O. Job Openings in July Resume.Apply to HDFC Now! TimesJobs.com/Bank-Openings
Use the following information to answer items 8 - 11: For the year 2010 a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the beginning of 2010 its s Receivable were $80,000 and its Inventory was $100,000. At the end of 2010 its s Receivable were $86,000 and its Inventory was $110,000.
8.
The inventory turnover ratio for the year 2010 w as 4.8
9.
7.5
10.0
On average how many days of sales w ere in s Receivable during 2010? 27
11.
7.9
The s receivable turnover ratio for the year 2010 was 6.3
10.
5.0
37
49
On average how many days of sales w ere in Inventory during 2010? 14
46
73
Use the following information for items 12 and 13: A company's net income after tax was $400,000 for the year 2010. The company's income statement included Income Tax Expense of $140,000 and Interest Expense of $60,000. At the beginning of the year 2010 the company's stockholders' equity was $1,900,000 and at the end of 2010 it was $2,100,000.
12.
W hat is the times interest earned for the company? 6.7
13.
10.0
W hat is the after-tax return on stockholder's equity for the year 2010? 20%
14.
9.0
25%
30%
The debt to equity ratio is computed as: (Total Liabilities ÷ Total ______________ _______) : 1
ingcoach.com/…/03Dpg01.html
2/3
7/31/2011 15.
Financial Ratios Quiz | ingCoach…
W hich of the following are likely to have the reported amounts on the balance sheet being close to their current value? Current Assets
Long-term Assets
Stockholders' Equity
16.
A corporation's excellent reputation will be listed among the corporation's assets on its balance sheet.
True
False
17.
The current market value of a corporation is approximately the amount reported on the balance sheet as stockholders' equity.
True
False
18.
Free cash flow is the cash provided by operating activities minus the cash used by financing activities.
True
False
19.
The quality of a company's earnings are suspect when the company's net income is more than the cash flow from which activities? Operating
20.
Investing
Financing
A balance sheet which reports percentages of total assets instead of dollar amounts is referred to as a ___________ – ________ balance sheet
About the Author: Harold Averkamp (A) has worked as an ant, consultant, and university ing instructor for more than 25 years. He is the author of the 2011 Master ing Package which has been praised for its ability to simplify ing in a way that anybody can understand.
Click here to get ALL of our materials in PDF format!
About | | s | Copyright | | Disclaimer | Helpful Links | Privacy | Site Map | Teachers | Testimonials Copyright © 2004 - 2011 ingCoach, LLC. All rights reserved. ingCoach® is a ed trademark.
ingcoach.com/…/03Dpg01.html
3/3
Financial Ratios Quiz | ingCoach…
Search our website for more than 1,000 ing topics:
Search our Site Home
About
1,380 Testimonials
ing Topics
Test Yourself
Bookkeeping
Materials
Q&A
Careers
Dictionary
New to our website?
Quiz for the Topic...
View our most popular ing topics
Financial Ratios
Read our credentials
Bookmark |
NOTE: For multiple-choice and true/false questions, simply place your cursor over what you think is the correct answer. (There is no need to click the answer.) For fill-in-the-blank questions place your cursor over the _________. If you have difficulty answering the following questions, learn more about this topic by reading our Financial Ratios Explanation.
Bookkeeping Exam Gain knowledge and confidence with s, debits & credits, ing basics, and more. now
We also have Crosswords and Q&A for this topic.
1.
Financial Exams
Which of the following is not a current asset? Inventory
Prepaid Insurance
Fixtures
Covers 16 financial ing topics (640 questions). now
2.
Current asset MINUS current liabilities is the current ratio
net worth
working capital
Managerial Exams Covers 19 managerial ing topics (520 questions).
3.
now
Current assets DIVIDED BY current liabilities is the current ratio
the net worth ratio
working capital
Receive our popular 19-page Cheat Sheet at no 4.
cost when you our free newsletter:
The quick ratio EXCLUDES which of the following? s Receivable
Inventory
Cash
First Name:
Email Address: Use the following information to answer items 5 - 7: At December 31 a company's records show the following information: Cash $ 10,000 s Receivable
30,000
Inventory
80,000
Prepaid Insurance
6,000
Long-term Assets
200,000
s Payable
30,000
Notes Payable due in 10 months
25,000
Wages Payable Long-term Liabilities Stockholders' (Owner's) Equity
5,000 70,000 196,000
Our Newsletter
90,000+ have already ed
Business Forms Browse our 87 business forms and templates. now
5.
The company's working capital is
ingcoach.com/…/03Dpg01.html
1/3
7/31/2011 5.
Financial Ratios Quiz | ingCoach…
The company's working capital is $60,000
$66,000
$196,000
ing Jobs ing job listings for job-seekers and employers. 6.
The company's current ratio is 1.0 : 1
7.
Browse ing jobs 2.0 : 1
2.1 : 1
1.0 : 1
2.0 : 1
The company's quick ratio is 0.7 : 1
HDFC Hiring for July 2011 7500+ P.O. Job Openings in July Resume.Apply to HDFC Now! TimesJobs.com/Bank-Openings
Use the following information to answer items 8 - 11: For the year 2010 a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the beginning of 2010 its s Receivable were $80,000 and its Inventory was $100,000. At the end of 2010 its s Receivable were $86,000 and its Inventory was $110,000.
8.
The inventory turnover ratio for the year 2010 w as 4.8
9.
7.5
10.0
On average how many days of sales w ere in s Receivable during 2010? 27
11.
7.9
The s receivable turnover ratio for the year 2010 was 6.3
10.
5.0
37
49
On average how many days of sales w ere in Inventory during 2010? 14
46
73
Use the following information for items 12 and 13: A company's net income after tax was $400,000 for the year 2010. The company's income statement included Income Tax Expense of $140,000 and Interest Expense of $60,000. At the beginning of the year 2010 the company's stockholders' equity was $1,900,000 and at the end of 2010 it was $2,100,000.
12.
W hat is the times interest earned for the company? 6.7
13.
10.0
W hat is the after-tax return on stockholder's equity for the year 2010? 20%
14.
9.0
25%
30%
The debt to equity ratio is computed as: (Total Liabilities ÷ Total ______________ _______) : 1
ingcoach.com/…/03Dpg01.html
2/3
7/31/2011 15.
Financial Ratios Quiz | ingCoach…
W hich of the following are likely to have the reported amounts on the balance sheet being close to their current value? Current Assets
Long-term Assets
Stockholders' Equity
16.
A corporation's excellent reputation will be listed among the corporation's assets on its balance sheet.
True
False
17.
The current market value of a corporation is approximately the amount reported on the balance sheet as stockholders' equity.
True
False
18.
Free cash flow is the cash provided by operating activities minus the cash used by financing activities.
True
False
19.
The quality of a company's earnings are suspect when the company's net income is more than the cash flow from which activities? Operating
20.
Investing
Financing
A balance sheet which reports percentages of total assets instead of dollar amounts is referred to as a ___________ – ________ balance sheet
About the Author: Harold Averkamp (A) has worked as an ant, consultant, and university ing instructor for more than 25 years. He is the author of the 2011 Master ing Package which has been praised for its ability to simplify ing in a way that anybody can understand.
Click here to get ALL of our materials in PDF format!
About | | s | Copyright | | Disclaimer | Helpful Links | Privacy | Site Map | Teachers | Testimonials Copyright © 2004 - 2011 ingCoach, LLC. All rights reserved. ingCoach® is a ed trademark.
ingcoach.com/…/03Dpg01.html
3/3
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