CFIN Exam Practice Questions and Answers – Updated 2024
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Course
2024/2025
Institution
2024/2025
CFIN Exam Practice Questions and
Answers – Updated 2024
Which of the following measures a firms's profitability and asset usage skill?
A. Liquidity ratios
B. Operating performance ratios
C. Financial strength ratios
D. None of the above - Answer-B. Operating performance ratios
Comprehensiv...
Which statement fulfills a firms requirement to disclose its earnings for a period - Answer✔✔-
Income statement
Depreciation expense is a good example of which GAAP - Answer✔✔-Matching
Which ratio is not used in DuPont formula?
A. Debt/equity
B. Net income/sales
C. Sales/assets
D. Assets/equity - Answer✔✔-A. Debt/equity
The ratio which many observers use to quantify the stock markets opinion of a firm is the
current ratio. - Answer✔✔-False
Which of the following is a qualitative factor of the industry?
A. General economic conditions
B. Fixed costs
C. Variable costs
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