Chapter25-26试题及答案_Chapter25-26考试练习题-猎鹰试题网

Which one of the following would help a company with high gearing to reduce its gearing ratio?

A

Making a rights issue of equity shares

B

Issuing further long-term loan notes

C

Making a bonus issue of shares

D

Paying dividends on its equity shares

A company's gross profit as a percentage of sales increased from 24% in the year ended 31 December 20X1 to 27% in the

year ended 31 December 20X2.

Which of the following events is most likely to have caused the increase?

A

An increase in sales volume

B

A purchase in December 20X1 mistakenly being recorded as happening in January 20X2

C

Overstatement of the closing inventory at 31 December 20X1

D

Understatement of the closing inventory at 31 December 20X1

Which of the following transactions would result in an increase in capital employed?

A

Selling inventory at a profit

B

Writing off a bad debt

C

Paying a payable in cash

D

Increasing the bank overdraft to purchase a non-current asset

From the following information regarding the year to 31 August 20X6, what is the accounts payable payment period? You

should calculate the ratio using purchases as the denominator.

$

Sales 43,000

Cost of sales 32,500

Opening inventory 6,000

Closing inventory 3,800

Trade accounts payable at 31 August 20X6 4,750

A

40 days

B

50 days

C

53 days

D

57 days

What is the gearing of the company? You should calculate gearing using capital employed as the denominator.

A

13%

B

16%

C

20%

D

24%

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