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5 Written questions

5 Matching questions

  1. Current ratio
  2. Pro forma statement of cash flows
  3. Pro forma income statement
  4. Financing activities
  5. Cost of sales (COGS)
  1. a includes all the direct costs associated with producing or delivering a product or service, including the material costs and direct labor.
  2. b include cash raised during the period by borrowing money or selling stock and/or cash used during the period by paying dividends, buying back outstanding stock, or buying back outstanding bonds.
  3. c equals the firm's current assets divided by its current liabilities, can tell us about the firm's ability to pay its short-term debts.
  4. d shows the projected flow of cash into and out of the company during a specified period.
  5. e firm forecasts its future income and expenses.

5 Multiple choice questions

  1. an estimate of a firm's future income and expenses, based on its past performance, its current circumstances, and its future plans.
  2. miscellaneous assets, including accumulated goodwill.
  3. projections for future periods based on forecasts and are typically completed for two to three years in the future.
  4. a written report that quantitatively describes a firm's financial health.
  5. a snapshot of the company's assets, liabilities, and owner's equity at a specific point in time.

5 True/False questions

  1. 10-Kitemized forecasts of a company's income, expenses, and capital needs and are also an important tool for financial planning and control.


  2. Statement of cash flowsshows the projected flow of cash into and out of the company during a specified period.


  3. Operating expensesinclude marketing, administrative costs, and other expenses not directly related to producing a product or service.


  4. Debt-to-equity ratioa simple ratio that measures the price of a company's stock against its earnings.


  5. Liquiditythe strength and vigor of the firm's overall financial posture.


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