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David 02 eLMS Quiz 1 ARG

The document summarizes the results of a 10 question quiz on financial statement analysis. It shows the responses given for each question, the correct answers, and that a score of 1 out of 1 was achieved for answering each question correctly. All questions were answered correctly on financial statement analysis topics such as ratios, financial condition evaluation, cash flow analysis, debt levels, and horizontal analysis.

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Rang Calaguian
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804 views3 pages

David 02 eLMS Quiz 1 ARG

The document summarizes the results of a 10 question quiz on financial statement analysis. It shows the responses given for each question, the correct answers, and that a score of 1 out of 1 was achieved for answering each question correctly. All questions were answered correctly on financial statement analysis topics such as ratios, financial condition evaluation, cash flow analysis, debt levels, and horizontal analysis.

Uploaded by

Rang Calaguian
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Submissions

Here are your latest answers:

Question 1
Ratios are sufficient in themselves as a basis for judgment about the future.
Response: False
Correct answer: False
Score: 1 out of 1 Yes

Question 2
The primary purpose of financial statement analysis is to evaluate and forecast
the company’s financial condition.
Response: True
Correct answer: True
Score: 1 out of 1 Yes

Question 3
The statement of financial position provides users with a basis to assess the
ability of the entity to generate cash and cash equivalents and the needs of the
entity to utilize those cash flows.
Response: False
Correct answer: False
Score: 1 out of 1 Yes

Question 4
Firms with high debt ratios are exposed to more risks of losses but have lower
expected returns.
Response: False
Correct answer: False
Score: 1 out of 1 Yes

Question 5
Financial statements provide the basic source of information to managers, but
not to interested parties outside the organization.
Response: False
Correct answer: False

This study source was downloaded by 100000832929972 from [Link] on 09-23-2022 [Link] GMT -05:00

[Link]
Score: 1 out of 1 Yes

Question 6
If a company has too many assets acquired through borrowings, the interest
expense will be too high, hence a lower profit.
Response: True
Correct answer: True
Score: 1 out of 1 Yes

Question 7
The higher the quick ratio, the better liquidity position of the firm.
Response: True
Correct answer: True
Score: 1 out of 1 Yes

Question 8
If a company has enough working capital, it assures that the company can pay its
creditors in full and on time.
Response: True
Correct answer: True
Score: 1 out of 1 Yes

Question 9
Horizontal analysis focuses on the relations among financial statements at a
given point in time.
Response: False
Correct answer: False
Score: 1 out of 1 Yes

Question 10
In horizontal analysis, each item on the most recent statement is compared with
the same item on one (1) or more earlier statements, in which the earlier
statement is normally used as the base year for computing increases and
decreases.
Response: True
Correct answer: True
Score: 1 out of 1

This study source was downloaded by 100000832929972 from [Link] on 09-23-2022 [Link] GMT -05:00

[Link]
This study source was downloaded by 100000832929972 from [Link] on 09-23-2022 [Link] GMT -05:00

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Submissions Here are your latest answers: Question 1 Ratios are sufficient in themselves as a basis for judgment about the
Score: 1 out of 1 Yes Question 6 If a company has too many assets acquired through borrowings, the interest expense will be
This study source was downloaded by 100000832929972 from CourseHero.com on 09-23-2022 22:12:23 GMT -05:00 https://www.courseh

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