Reference no: EM132943254

Problem 1: The assets of a company that either are cash or are expected to become cash within the next 12months are called

a) Current Assets

b) PPE (Property, Plant and Equipment)

Problem 2:  _____ are the amounts due from customers (sales on account) and others.

a) Accounts payable

b) Accounts receivable

Problem 3: Ratio Matching - Select the correct ratio

= (Gross Profit/ Sales) %

a) GP Margin

b) NP Margin

Problem 4: Select the ratio of a company that calculates the average days it takes to collect money from the customers where goods were sold to them on account.

a) Receivable days

b) Inventory days

c) Payable days

d) ROCE

Problem 5: The Income Statement's usefulness of a company increases substantially when it is compared with;

a) The Assets

b) The Budget

c) The Accounts Payable

d) The Liabilities