FSA TEST 2 QUESTIONS WITH ALL CORRECT ANSWERS (NEWEST VERSION)
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Module
FSA
Institution
FSA
FSA TEST 2 QUESTIONS WITH ALL CORRECT ANSWERS (NEWEST VERSION)
Which service represents a compilation of corporate tax return data? - Answer-Almanac of Business and Industrial Financial Ratios
Which service includes over 800 different lines of business? - Answer-Industry Norms and Key Busines...
FSA TEST 2 QUESTIONS WITH ALL
CORRECT ANSWERS (NEWEST
VERSION)
Which service represents a compilation of corporate tax return data? - Answer-Almanac
of Business and Industrial Financial Ratios
Which service includes over 800 different lines of business? - Answer-Industry Norms
and Key Business Ratios
Which analysis compares each amount with a base amount for a selected base year? -
Answer-horizontal common size
Suppose you are comparing two firms in the coal industry. Which type of numbers
would be most meaningful for statement analysis? - Answer-Relative numbers would be
most meaningful for both firms, especially for interfirm comparisons.
Management is a user of financial analysis. Which of the following comments does not
represent a fair statement as to the management perspective? - Answer-Management is
not interested in the view of investors.
Which of these items does not represent a definite commitment to pay out funds in the
future? - Answer-NCI
Which of the following is not considered to be a nonrecurring item? - Answer-interest
expense
Ideally, which of these ratios will indicate the highest return for an individual firm? -
Answer-ROCE
IF a firm's gross profit has declined substantially, this could be attributed to all but which
of the following reasons? - Answer-Selling prices have increased due to competition
Gross profit analysis could be of value for all but which of the following? - Answer-
estimating admin expenses
TAT measures - Answer-the ability of the firm to generate sales through use of assets
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