2:49 @ Ims.thestrategyacademy.org TSA-LMS Portal Question 1 Complete Mark 0.00 out of 1.00 ¥ Flag question Which of the following ratios highlight the management's efficiency in asset management? © a. Liquidity Ratios b. Financial Leverage Ratios c. Efficiency Ratios d. Profitability Ratios The correct answer is: Efficiency Ratios Question 2 Complete Mark 1.00 out of 1.00 F Flag question Owner's Equity increases as a result of © a. Revenue b. Cost of Goods Sold Ci ——2:49 @ Ims.thestrategyacademy.org TSA-LMS Portal © a. Revenue b. Cost of Goods Sold c. Expense d. All of the above The correct answer is: Revenue Question 3 Complete Mark 0.00 out of 1.00 ¥ Flag question Which of the following would not be included on a balance sheet? a. Accounts receivable b. Accounts payable The correct answer is: Sales2:49 @ Ims.thestrategyacademy.org TSA-LMS Portal Question 4 Complete Mark 0.00 out of 1.00 Flag question In the consumer durables industry, Co. A has an inventory turnover ratio of 4.67, whereas Co. B & Co. C have inventory turnover ratios of 3.17 and 5.01 respectively. Which firm is the most efficient in managing inventory? a A Ob B « ¢ a. Not possible to say The correct answer is: Not possible to say Question 5 Complete Mark 1.00 out of 1.00 ¥ Flag question2:49 @ Ims.thestrategyacademy.org TSA-LMS Portal Question 5 Complete Mark 1.00 out of 1.00 ¥ Flag question Which is not an Income Statement item? a. Expense © b. Assets c. Cost of Goods sold d. Revenue The correct answer is: Assets Question 6 Complete Mark 0.00 out of 1.00 F Flag question The owner's claim to the property (assets) of a business is reflected in the balance of what type of accounts? a. Expense Account b. REVERE =a2:49 @ Ims.thestrategyacademy.org TSA-LMS Portal a. Expense Account b. Revenue Account c. Owner's Capital Account © d. Asset Account The correct answer is: Owner's Capital Account Question 7 Complete Mark 1.00 out of 1.00 ¥ Flag question Accounts Payable is what type of account? a. Owner's Equity b. Asset c. Expense © 4. Liability The correct answer is: Liability Question 82:49 @ Ims.thestrategyacademy.org TSA-LMS Portal Question 8 Complete Mark 1.00 out of 1.00 ¥ Flag question Which financial statement represents the accounting equation ASSETS = LIABILITIES + OWNER'S EQUITY a. Income statement b. Cash Flow Statement © c. Balance Sheet d. Fund Flow Statement The correct answer is: Balance Sheet Question 9 Complete Mark 1.00 out of 1.00 Flag question Ifa customer pays its overdue bills, what will happen to the firm's current ratio? a. Increase2:49 @ Ims.thestrategyacademy.org TSA-LMS Portal a. Increase © b. Nochange in current ratio c. Decrease d. Not possible to say The correct answer is: No change in current ratio Question 10 Complete Mark 0.00 out of 1.00 ¥ Flag question Which of the following ratios highlight the firm's capability to service its interest obligations? a. Liquidity Ratios b. Efficiency Ratios c. Coverage Ratios © d. Profitability Ratios The correct answer is: Coverage Ratios