OSLOB NATIONAL HIGH SCHOOL

OSLOB, CEBU
Fundamentals of ABM2
4th QUARTERLY EXAMINATION
S.Y. 2021 – 2022

Name: ______________________________________________ Score: _________

Grade & Section: ______________________________________ Date: __________

I. MULTIPLE CHOICE
Direction: Encircle the letter that corresponds to the correct answer.

1. This refers to the company’s ability to satisfy its short-term obligations as they come due.
a. Liquidity b. Profitability c. Efficiency d. Leverage
2. This refers to the company’s ability to generate earnings and it’s one of the most important goals of business.
a. Profitability b. Liquidity c. Efficiency d. Leverage
3. This refers to the speed with which various current accounts are converted into sales, and basically, cash.
a. Profitability b. Liquidity c. Efficiency d. Leverage
4. This defines the company’s capital structure and refers to the company’s use of debt.
a. Profitabiity b. Liquidity c. Efficiency d. Leverage
5. This ratio measures the proportion of total assets finance by total liabilities or money provided by creditors.
a. Debt ratio b. Return on asset c. Operating profit margin d. Current ratio
6. This measures the ability of a company to generate income out of its resources/assets.
a. Debt ratio b. Return on asset c. Operating profit margin d.
7. This is one of the profitability ratios that shows how many pesos of operating profit is earned for every peso of sale.
a. Debt ratio b. Return on asset c. Operating profit margin d. Current ratio
8. This is one of the liquidity ratios that show how many times over the firm can pay its current debt obligations based on its
asset.
a. Debt ratio b. Return on asset c. Operating profit margin d. Current ratio
9. What is good current ratio?
a. 1 b. 2 c.0.5 d. 0.7
10. Which liquidity ratio is more relevant?
a. Quick ratio b. Current ratio c. Asset turnover ratio d. Debt equity ratio

II. FILL IN THE BLANKS

Direction: Identify each statement whether Savings Account or Checking Account. Write the word on the blank provided after
each statement.
11. Depositor is given easy access to the funds.____________________ C
12. Time deposit account is a type of this kind of this kind of account.____________________ S
13. Some accounts charges a fee if the balance falls below a specified minimum.____________________ S
14. Money can be withdrawn through issuance of signed instrument that contains an unconditional order from the
drawer.____________________ C
15. The depositor of this kind of account can make deposits and withdrawals using the form provided by the
bank.____________________ S
16. The account holder or depositor of this kind of account is normally provided at the end of the month a bank statement
showing all the deposits made and the balance of the account.____________________ C
17. Some accounts have a passbook, in which transactions are logged in a small booklet that the depositor
keep.____________________ S
18. Automated Teller Machine (ATM) is a type of this kind of account. ____________________S
19. Bank usually pay an interest rate that is higher than the other type of account. ____________________S
20. These are intended to provide an incentive for the depositor to save money. ____________________S

III. INCOME AND BUSINESS TAXATION

Direction: Read each situation and answer the following questions below.

A. A taxpayer has the following income and expenses during the year:
Compute for the GROSS INCOME, TAXABLE INCOME AND INCOME TAX PAYABLE of the ff. individuals:
a. Resident citizen
b. Non-resident citizen
c. Resident alien
d. NRA- ETB, with no reciprocity
e. NRA- ETB, with reciprocity from foreign country that gives Php80, 000 personal exemptions to Filipinos in that
foreign country
f. NRA- ETB, with reciprocity from country that gives Php25, 000 personal exemptions to Filipinos in that foreign country
g. NRA- NETB