Tough Business Questions 2
Authored by Callum Richardson
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12th Grade
Used 9+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A business has a current ratio of 0.8 : 1
What does this mean.
For every £1 of current assets they have £0.80 of current liabilities.
For every £1 of current liabilities they have £0.80 of current assets.
For every £1 of current assets less inventories they have £0.80 of current liabilities.
For every £1 of current liabilities they have £0.80 of current assets less inventories.
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A business has a acid-test ratio of 1.3 : 1
What does this mean.
For every £1 of current assets they have £1.30 of current liabilities.
For every £1 of current liabilities they have £1.30 of current assets.
For every £1 of current assets less inventories they have £1.30 of current liabilities.
For every £1 of current liabilities they have £1.30 of current assets less inventories.
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A business has a Acid Test ratio of 0.9 : 1
What does this mean.
For every £1 of current assets they have £0.90 of current liabilities.
For every £1 of current liabilities they have £0.90 of current assets.
For every £1 of current assets less inventories they have £0.90 of current liabilities.
For every £1 of current liabilities they have £0.90 of current assets less inventories.
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A Business Has The Following:
Fixed Assets = £30,000
Current Assets = £12,000
Inventory = £9,000
Current Liabilities = £8,000
Calculate It's Acid Test Ratio
0.66 : 1
0.38 : 1
0.26 : 1
0.75 : 1
0.88 : 1
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A Business Has The Following:
Fixed Assets = £12,050
Current Assets = £13,500
Inventory = £6,040
Current Liabilities = £7,000
Calculate It's Current Ratio
1.52 : 1
1.16 : 1
2.45 : 1
1.93 : 1
0.58 : 1
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A business has a current of 0.8 : 1
What does this mean.
For every £1 of current assets they have £0.80 of current liabilities.
For every £1 of current liabilities they have £0.80 of current assets.
For every £1 of current assets less inventories they have £0.80 of current liabilities.
For every £1 of current liabilities they have £0.80 of current assets less inventories.
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A Business Has The Following:
Fixed Assets = £30,000
Current Assets = £12,000
Inventory = £9,000
Current Liabilities = £8,000
Calculate It's Current Ratio
1 : 1
2 : 1
3 : 1
1.25 : 1
1.5 : 1
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