A liquidity ratio measures the
Financial Analysis Quiz

Quiz
•
Business
•
12th Grade
•
Hard
Mohamed Hessian
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
income or operating success of an enterprise over a period of time.
ability of the enterprise to survive over a long period of time.
short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.
number of times interest is earned.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The current ratio is
calculated by dividing current liabilities by current assets.
used to evaluate a company's liquidity and short-term debt paying ability.
used to evaluate a company's solvency and long-term debt paying ability.
calculated by subtracting current liabilities from current assets.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The acid-test (quick) ratio
is used to quickly determine a company's solvency and long-term debt paying ability.
relates cash, short-term investments, and net receivables to current liabilities.
is calculated by taking one item from the income statement and one item from the balance sheet.
is the same as the current ratio except it is rounded to the nearest whole percent.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Parker Hardware Store had net credit sales of $8,000,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively. The receivables turnover was
7.7 times.
4.6 times.
11.4 times.
12.3 times.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Parker Hardware Store had net credit sales of $8,000,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively. TThe average collection period of the receivables in terms of days was
365 days.
29.6 days.
30 days.
48.7 days.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Wagon Department Store had net credit sales of $16,000,000 and cost of goods sold of $15,000,000 for the year. The average inventory for the year amounted to $2,000,000. Inventory turnover for the year is
8 times.
15 times.
7.5 times.
5 times.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Profit margin is calculated by dividing
sales by cost of goods sold.
gross profit by net sales.
net income by stockholders' equity.
net income by net sales.
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