# Chapter 15

## Quiz by Julie Morris

Feel free to use or edit a copy

includes Teacher and Student dashboards

### Measure skillsfrom any curriculum

Measure skills

from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can

- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet

10 questions

Show answers

- Q1The three main ways to analyze financial statements are horizontal analysis, vertical analysis, and ratio analysis.FalseTrue30s
- Q2The vertical analysis is the study of percentage changes in line items from comparative financial statements.FalseTrue30s
- Q3A business's ability to meet its short-term obligations with its current assetsCurrent ratioCash RatioWorking CapitalAcid-test ratio30s
- Q4The company's ability to pay current liabilities from cash and cash equivalentsCurrent RatioAcid-test ratioCash ratioWorking Capital30s
- Q5The company's ability to pay all its current liabilities if they came due immediatelyCurrent ratioCash ratioWorking capitalAcid-test ratio30s
- Q6The company's ability to pay current liabilities from current assetsCash ratioWorking capitalAcid-test ratioCurrent ratio30s
- Q7Current Assets - Current LiablitiesCash ratioAcid-test ratioCurrent ratioWorking Capital30s
- Q8What is not a red flag in financial statement analysisToo much debtIncreased cash flowBuildup of merchandise inventoriesEarnings problems30s
- Q9One single ratio can tell the whole picture of any company's performance and it is the rate of return on total assets.FalseTrue30s
- Q10These are all profitability ratios exceptProfit Margin RatioRate of Return on Total AssetsTimes-Interest-Earned ratioAsset Turnover Ratio30s