NDFS 455 Test 2 Quizzes (5-8) || with A+ Guaranteed
Solutions.
Which of the following is a basic financial statement? correct answers Balance Sheet, Statement
of Operations, & Statement of Cash Flows
Balance Sheet for a non-profit contains all of the following: correct answers Organization's
assets, Organization's liabilities, & Cash Flow
Assets correct answers Cash, investments, inventory, and receivables.
Liabilities correct answers Financial obligations due within a year
Net asset categories correct answers Permanent
Temporary
Unrestricted
A statement of operations summarizes the organization's total assets, liabilities, and net assets in
what time period? correct answers Over a period of time
Other revenue correct answers Appropriations and grants, Income from investments, & Revenue
from contributions.
The statement of changes in net assets includes correct answers Why there was a change from
one year to the next in the entire net asset section of the balance sheet
Body of the statement of cash flows does not include correct answers Current liabilities
Cash flows from investing activities includes: correct answers Purchase of plant property and
equipment
Analyzing financial statements helps a health care organization to correct answers Determine if
profitable
Determine the effectiveness in collecting receivables
Trend analysis compares changes over correct answers Each year with the base year
Vertical analysis answers which general question? correct answers What percentage of one line
item is another line item?
Categories of ratios include: correct answers Liquidity, Profitability, and Capital structure.
Liquidity ratios measure: correct answers A facility's ability to meet short term obligations,
collect receivables and maintain cash position
Solutions.
Which of the following is a basic financial statement? correct answers Balance Sheet, Statement
of Operations, & Statement of Cash Flows
Balance Sheet for a non-profit contains all of the following: correct answers Organization's
assets, Organization's liabilities, & Cash Flow
Assets correct answers Cash, investments, inventory, and receivables.
Liabilities correct answers Financial obligations due within a year
Net asset categories correct answers Permanent
Temporary
Unrestricted
A statement of operations summarizes the organization's total assets, liabilities, and net assets in
what time period? correct answers Over a period of time
Other revenue correct answers Appropriations and grants, Income from investments, & Revenue
from contributions.
The statement of changes in net assets includes correct answers Why there was a change from
one year to the next in the entire net asset section of the balance sheet
Body of the statement of cash flows does not include correct answers Current liabilities
Cash flows from investing activities includes: correct answers Purchase of plant property and
equipment
Analyzing financial statements helps a health care organization to correct answers Determine if
profitable
Determine the effectiveness in collecting receivables
Trend analysis compares changes over correct answers Each year with the base year
Vertical analysis answers which general question? correct answers What percentage of one line
item is another line item?
Categories of ratios include: correct answers Liquidity, Profitability, and Capital structure.
Liquidity ratios measure: correct answers A facility's ability to meet short term obligations,
collect receivables and maintain cash position
