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CFIN Exam Practice Questions and Answers – Updated 2024 $9.99   Add to cart

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CFIN Exam Practice Questions and Answers – Updated 2024

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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...

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  • October 16, 2024
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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


Comprehensive income of the period is shown on the - Answer✔✔-Income statement


Which ratio shows the average percentage by which sales price exceeds the cost of goods sold?

- Answer✔✔-Gross margin


The net result of the DuPont formula is return on total assets. - Answer✔✔-False


Investments by and distribution to owners for the period is reflected on the - Answer✔✔-

Statement of retained earnings


Which of the following ratios measure liquidity?


A. Debt to equity


B. Current

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, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER, 2024


C. Quick


D. B&c


E. None of the above - Answer✔✔-D. B&c


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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