
IGCSE Ratios
Quiz
•
Business
•
11th - 12th Grade
•
Practice Problem
•
Hard
Ross Cornes
Used 3+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How is the collection period for Trade Receivables calculated?
credit sales / Trade Receivables x 100
credit sales / Trade Receivables x 365
Trade Receivables / credit sales x 100
Trade Receivables / credit sales x 365
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The table shows the performance of two businesses, X and Y, in a financial year.
What is revealed by comparing the ratios for X and Y?
X controls its overhead expenses better than Y.
Y controls its overhead expenses better than X.
X’s cost of sales is higher than Y’s.
Y’s cost of sales is higher than X’s.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is the best indicator of the liquidity of a business?
current ratio
quick ratio
return on capital employed
working capital
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is a measure of profitability?
current ratio
quick ratio
rate of inventory turnover
return on capital employed
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A trader sets his selling price by adding a profit figure on to the cost price.
How does he do this?
by applying margin
by applying margin
by applying margin
by using the quick ratio
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is shown by the percentage of profit to revenue?
whether the cost of sales has decreased
whether the expenses are well controlled
whether the selling price has increased
whether the inventory is being sold quickly enough
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A trader’s quick (acid-test) ratio was 0.8 : 1.
What does this mean?
Current assets excluding inventory were less than current liabilities.
Current assets excluding inventory were more than current liabilities.
Current assets were less than current liabilities.
Current assets were more than current liabilities.
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