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Financial Accounting

Financial Accounting · Quick practice · answer shown after each question

Ratio analysis

Question 1 of 10

Question 1 of 10

A gearing ratio above 50% indicates that a company

Question 2 of 10

Question 2 of 10

The quick (acid test) ratio leaves out

Question 3 of 10

Question 3 of 10

Inventory turnover of 8 times a year means inventory is held on average for about

Question 4 of 10

Question 4 of 10

The acid test (quick) ratio excludes

Question 5 of 10

Question 5 of 10

Current assets are GH¢40,000 and current liabilities GH¢20,000. What is the current ratio?

Question 6 of 10

Question 6 of 10

A current ratio of 2 : 1 means current assets are

Question 7 of 10

Question 7 of 10

Current assets GH¢30,000 (inventory GH¢12,000); current liabilities GH¢15,000. The acid test ratio is

Question 8 of 10

Question 8 of 10

The current ratio is

Question 9 of 10

Question 9 of 10

Return on capital employed (ROCE) measures

Question 10 of 10

Question 10 of 10

Credit sales GH¢120,000; average receivables GH¢20,000. The receivables collection period is about

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.