Financial and Management Accounting - Financial and Management Accounting MCQ

26:

The gross profit ratio is the ratio of gross profit to

A.	Net cash sales
B.	Net credit sales
C.	Closing stock
D.	Net total sales
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	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

27:

Acid test ratio is equal to quick current assets divided by ____

A.	Current liabilities
B.	Current assets
C.	Total liabilities
D.	Total assets
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

28:

Match List-I with List-II and select the correct answer using the codes given below the lists

List-I List-II

1. Leverage Ratio a. Liquidity position

2. Acid test b. Efficiency of assets management

3. Turnover Ratio c. Management of working Capital

4. Current Ratio d. Debt and equity relationship

A.	1 - d, 2 - a, 3 - c, 4 -b
B.	1- b, 2- d, 3 - a, 4- c
C.	1 - b, 2 - c, 3 - a, 4 - d
D.	1-d, 2 -a, 3 - b,4 - c
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	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

29:

Which of the following assets would be taken into account for working capital turnover ratio.

1. Plant 2. Stock

3. Mortgage 4. Sales

5. Reserve 6. Bank

A.	1,5, and 6
B.	4,5, and 6
C.	2,4, and 6
D.	3,5, and 6
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

30:

In the debt equity ratio, external equity refers to

A.	Only Debentures
B.	Only current liabilities
C.	Debentures and current liability
D.	Reserves
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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