Tough Business Questions 2

Tough Business Questions 2

12th Grade

50 Qs

quiz-placeholder

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Tough Business Questions 2

Tough Business Questions 2

Assessment

Quiz

Other

12th Grade

Medium

Created by

Callum Richardson

Used 9+ times

FREE Resource

50 questions

Show all answers

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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