Other questions in this quiz

2. Short-term liquidity can best be measure by

  • stock turnover
  • acid test
  • gearing
  • current ratio

3. Gross profit

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

4. Revenue has

  • increased but less than the cost of sales
  • fallen but more than the cost of sales
  • fallen but less than the cost of sales
  • increased but more than the cost of sales

5. 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

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