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Interpreting a Balance Sheet

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
12
Minutes
5
High Score
110
01:22
Quiz Played
1652
times
Last played on Dec 04, 2016View comments
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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
current liabilities
fixed liabilities
current assets
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:
25 per cent
15 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:
30 per cent
10 per cent
15 per cent
20 per cent
Question 4
In calculating the return on total investment, "return" means:
profit before tax
net profit after 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 + fixed liabilities
total outside liabilities
shareholders' funds + owners' equity
shareholders' funds + current liabilities
Question 6
Return on total investment and return on shareholders' funds are two useful measures of:
profitability
solvency
a company's cost of borrowing
liquidity
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