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I Interpretation of financial statements

Written by Fahad Mirza (ACCA)

6 سوالات: اے سی سی اے مالیاتی اکاؤنٹنگ، جوابات اور وضاحت کے ساتھ۔

جوابی کنجی کے ساتھ قابلِ پرنٹ ورک شیٹ

تمام سوالات جوابات کے ساتھ
  1. Trade receivables are $18,000 and credit sales are $150,000. What is the receivables collection period?

    • 1 12.0 days
    • 2 43.8 days
    • 3 8.3 days
    • 4 43.2 days
    جواب دیکھیں

    درست جواب: 43.8 days

    18,000 / 150,000 x 365 = 43.8 days.

    غلطی کی اطلاع دیں

  2. Current assets are $70,000 including inventories of $25,000. Current liabilities are $35,000. What is the quick ratio?

    • 1 0.71:1
    • 2 1.29:1
    • 3 0.64:1
    • 4 2.00:1
    جواب دیکھیں

    درست جواب: 1.29:1

    (70,000 - 25,000) / 35,000 = 1.29.

    غلطی کی اطلاع دیں

  3. Profit before financing and income taxes is $45,000. Total assets are $400,000 and current liabilities $100,000. What is the return on capital employed?

    • 1 45%
    • 2 12%
    • 3 11.2%
    • 4 15%
    جواب دیکھیں

    درست جواب: 15%

    Capital employed = 400,000 - 100,000 = 300,000. ROCE = 45,000 / 300,000 = 15 percent.

    غلطی کی اطلاع دیں

  4. Which ratio measures how efficiently an entity uses its resources?

    • 1 Interest cover
    • 2 Inventory holding period
    • 3 Quick ratio
    • 4 Gearing
    جواب دیکھیں

    درست جواب: Inventory holding period

    Inventory days is an efficiency ratio. Quick ratio is liquidity, and gearing and interest cover are position ratios.

    غلطی کی اطلاع دیں

  5. A longer receivables collection period compared with last year most likely suggests:

    • 1 Lower inventory levels
    • 2 Slower collection from customers or more generous credit terms
    • 3 A fall in credit sales only
    • 4 Faster collection from customers
    جواب دیکھیں

    درست جواب: Slower collection from customers or more generous credit terms

    Customers are taking longer to pay, which affects liquidity.

    غلطی کی اطلاع دیں

  6. Debt is $200,000 and equity is $300,000. Gearing is calculated as debt / (debt + equity). What is it?

    • 1 150%
    • 2 40%
    • 3 67%
    • 4 60%
    جواب دیکھیں

    درست جواب: 40%

    200,000 / 500,000 = 40 percent. Debt to equity would be 67 percent.

    غلطی کی اطلاع دیں

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