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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?`
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 Questions 12 Minutes 5 High Score 110 01:22 Quiz Played 1713 times
Last played on May 22, 2017View 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?
 current assets fixed liabilities fixed 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:
 25 per cent 15 per cent 26.2317 per cent 20 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 30 per cent 15 per cent 20 per cent
Question 4
In calculating the return on total investment, "return" means:
 profit before tax + interest on fixed liabilities net profit after tax net profit after tax + interest on fixed liabilities profit before tax
Question 5
Return on total long-term investment is calculated by dividing profit before tax + interest on fixed liabilities by:
 total outside liabilities shareholders' funds + current liabilities shareholders' funds + owners' equity shareholders' funds + fixed liabilities
Question 6
Return on total investment and return on shareholders' funds are two useful measures of:
 a company's cost of borrowing liquidity solvency profitability