Interpreting a Balance Sheet

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Interpreting a Balance Sheet

Created by Quizmagic Team on Jan 21, 2013 01:03 PM.

How well do you understand Balance Sheets? Can you read a company's balance sheet and interpret it correctly?

Top 5 Scores

	Anonymous	110 01:22
	Ganeswar Miniaka	106 01:34
	Ganeswar Miniaka	106 01:39
	Raghav Chandak	102 01:49
	Ganeswar Miniaka	97 01:36

Questions

Minutes

High Score

110

01:22

Quiz Played

2041

times

Last played on Jun 16, 2022. View comments

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Finance balance sheet statements

Sample Questions

Question 1

In valuing an enterprise that is to be wound up, which of the following balance sheet figures is likely to be particularly misleading?

fixed assets
fixed liabilities
current assets
current liabilities

Question 2

A company has shareholders' funds of US$ 10,000, has fixed liabilities of US$ 10,000, pays US$ 1,000 interest on fixed liabilities, makes a profit before tax of US$ 3,000 and pays US$ 1,000 in tax. The return on total investment would be:

15 per cent
25 per cent
20 per cent
26.2317 per cent

Question 3

If a company has shareholders' funds of US$ 10,000, has fixed liabilities of US$ 10,000, pays US$ 1,000 interest on fixed liabilities, makes a profit before tax of US$ 3,000 and pays US$ 1,000 in tax, return on shareholders' funds expressed as a percentage is:

10 per cent
20 per cent
30 per cent
15 per cent

Question 4

In calculating the return on total investment, "return" means:

net profit after tax
profit before tax
net profit after tax + interest on fixed liabilities
profit before tax + interest on fixed liabilities

Question 5

Return on total long-term investment is calculated by dividing profit before tax + interest on fixed liabilities by:

shareholders' funds + owners' equity
shareholders' funds + fixed liabilities
total outside liabilities
shareholders' funds + current liabilities

Question 6

Return on total investment and return on shareholders' funds are two useful measures of:

liquidity
profitability
a company's cost of borrowing
solvency

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