Answered: Which one of the following defines a…

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section17.4: Analyzing Financial Statements Using Financial Ratios

Problem 1WT

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Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA)?

Inventory	12,500
Current Assets	50,000
Current Liabilities	40,000
Non-current Assets	90,000
Net Profit	12,000
Shareholders' Equity	65,000

Select one:

a. 12.2%

b. 18.5%

c. 9.23%

d. 13.3%

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Which one of the following defines a cash flow statement correctly?

Select one:

a. A cash flow statement is a financial statement which estimates cash inflows and cash outflows for a future period.

b. A cash flow statement is statement of changes in cash position between the beginning and end of the period. It is a statement which summarises the sources from which cash payments are made during a particular period of time.

c. A cash flow statement is a document which report the cash owned by a company in the details of difference currencies such as OMR, USD, EUR and so on.

d. A cash flow statement is a financial statement which reports the amount cash available as of a specific date.

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