APSL


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1. ASPL is experiencing

  • improving current ratio but worsening acid test
  • improving acid test and current ratio
  • worsening acid test and current ratio
  • improving acid test but worsening current ratio
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2. If costs have gone up more than sales then the firm is experiencing

  • low gearing
  • economies of scale
  • diseconomies of scale
  • poor liquidity

3. Short-term liquidity can best be measure by

  • stock turnover
  • current ratio
  • acid test
  • gearing

4. Which one of the following statements is false?

  • Gearing has fallen
  • It is a key objective of APSL’s owner-directors to remove the Interest expense from the profit and loss account.
  • APSL's gearing has risen
  • APSL’s ability to repay interest from profit has fallen significantly between 2012 and 2013

5. Gross profit

  • has increased and the gross profit margin has risen
  • has decreased and the gross profit margin has risen
  • has increased but the gross profit margin has fallen
  • has decreased and the gross profit margin has fallen

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