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Financial Ratios and Accounting Fundamentals Quiz

#1

What does the current ratio measure?

A company's ability to pay short-term liabilities with short-term assets
Explanation

Current ratio assesses liquidity by comparing current assets to current liabilities.

#2

Which financial ratio indicates the efficiency of a company in generating profits from its assets?

Return on Assets (ROA)
Explanation

ROA measures how efficiently a company uses its assets to generate profit.

#3

What does the term 'inventory turnover ratio' indicate?

The efficiency of a company in managing its inventory
Explanation

Inventory turnover ratio measures how quickly a company sells and replaces inventory.

#4

Which financial ratio assesses the ability of a company to cover its interest expenses with its operating income?

Times Interest Earned Ratio
Explanation

Times interest earned ratio shows how easily a company can pay interest on outstanding debt.

#5

Which financial ratio measures a company's ability to turn its receivables into cash quickly?

Accounts Receivable Turnover Ratio
Explanation

Accounts receivable turnover ratio assesses how efficiently a company collects payments.

#6

What does the term 'EBITDA' stand for in financial analysis?

Earnings Before Interest, Taxes, Depreciation, and Amortization
Explanation

EBITDA represents earnings before certain expenses are deducted.

#7

What is the formula for calculating the debt-to-equity ratio?

Total liabilities / Total equity
Explanation

Debt-to-equity ratio shows how much debt a company uses relative to its equity.

#8

What is the formula for calculating the gross profit margin?

(Revenue - Cost of Goods Sold) / Revenue
Explanation

Gross profit margin measures the percentage of revenue that exceeds the cost of goods sold.

#9

Which financial ratio measures the proportion of debt used to finance a company's assets?

Debt to Equity Ratio
Explanation

Debt to equity ratio shows the balance between a company's debt and its equity.

#10

Which financial ratio indicates the portion of profit retained for future use?

Retention Ratio
Explanation

Retention ratio shows the percentage of profit that a company keeps for reinvestment or growth.

#11

Which financial ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets?

Quick Ratio
Explanation

Quick ratio measures the company's ability to cover short-term obligations with liquid assets.

#12

What does the term 'working capital' represent in financial analysis?

The difference between current assets and current liabilities
Explanation

Working capital indicates the liquidity available to a company for day-to-day operations.

#13

Which financial ratio measures the efficiency of a company in using its assets to generate revenue?

Return on Assets (ROA)
Explanation

ROA measures how effectively a company utilizes its assets to generate revenue.

#14

What does the term 'return on invested capital (ROIC)' measure?

The return generated by the company's total capital
Explanation

ROIC measures the return a company generates from its total invested capital.

#15

What does the term 'financial leverage' refer to?

The use of debt to finance a company's operations and investments
Explanation

Financial leverage refers to the use of debt to amplify returns.

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