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Question 11.You work as an accountant for a small business. The owner of the company has asked you to give her the operating cash flow for the company for the fiscal quarter that just ended. Upon review of of the relevant documents, you determine that the company's earnings before taxes and interest for the quarter was $230,000, it depreciated $5,000 worth of equipment and has paid estimated taxes of $20,000. There was no amortization. What is the operating cash flow for the last quarter?
Question 22.What's the difference between negative cash flow and positive cash flow?
Question 33.What is the best explanation of cash flow?
Question 44.As the CFO of Acme Machinery, Kay is concerned that their cash flow is being impacted by the amount of money they are spending on expensive pieces of equipment. Should Kay look at their free cash flow or net cash flow, and why?
Question 55.On which financial statement is cash flow reported?
Question 66.Calculate this company's quick ratio using the balance sheet image.
Question 77.As a general rule, companies are able to meet their short-term liabilities if they have a quick ratio of _____.
Question 88.Using the image of the balance sheet, what is this company's debt-to-assets ratio?
Question 99.There are five basic _____ which are calculated using information found in the balance sheet and income statement that are measures of the productivity and efficiency of a business.
Question 1010.Using the image of the balance sheet, what is this company's current ratio?
Question 1111.What financial report can help you figure out how well a company is managing its money?
Question 1212.Which one of the following is the best explanation of financial reporting?
Question 1313.Which of the following gives more detail on a section of the balance sheet?
Question 1414.What financial report tells you what the company owns and what it owes?
Question 1515.What financial report tells you if the company suffered a loss or earned a profit?
Financial Reporting Chapter Exam Instructions
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