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5 Written questions

5 Matching questions

  1. Other assets
  2. Statement of cash flows
  3. Cost of sales (COGS)
  4. Income statement
  5. Price-to-earnings ratio
  1. a a simple ratio that measures the price of a company's stock against its earnings.
  2. b reflects the results of the operations of a firm over a specified period of time.
  3. c includes all the direct costs associated with producing or delivering a product or service, including the material costs and direct labor.
  4. d summarizes the changes in a firm's cash position for a specified period of time and details why the change occurred.
  5. e miscellaneous assets, including accumulated goodwill.

5 Multiple choice questions

  1. include obligations that are payable within a year, including accounts payable, accrued expenses, and the current portion of long-term debt.
  2. a company's ability to meet its short-term financial obligations.
  3. depict relationships between items on a firm's financial statements, used to discern whether a firm is meeting its financial objectives and how it stacks up against its industry peers.
  4. point where total revenue received equals total costs associated with the output or sale of the product.
  5. a statistical technique used to find relationships between variables for the purpose of predicting future values.

5 True/False questions

  1. Accounts receivablerepresents the amount of liquid assets the firm has available.


  2. Financial statementdeals with two activities: raising money and managing a company's finances in a way that achieves the highest rate of return .


  3. Sales forecasta projection of a firm's sales for a specified period.


  4. Investing activitiesinclude net income (or loss), depreciation, and changes in current assets and current liabilities other than cash and short-term debt.


  5. Current ratioequals the firm's current assets divided by its current liabilities, can tell us about the firm's ability to pay its short-term debts.


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