AudreyBaby.
New member
There are 4 columns
Current Assets (which has below it Cash at bank, Accounts Receivable, Inventory)
$000's ( has these figures below it 60, 160, 710)
Current Liabilities (Bank Overdraft, Credit Cards, Accounts Payable)
$000's ( 60, 110, 760 )
All of the figures line up in a table like format if anyone gets this.
I need to answer the below questions - If you can help I'd really appreciate it. Thankyou
4. What is the current ratio for this company?
A. 2.3: 1
B. 2: 1
C. 1: 2
D. 1: 1
5. This company wants to improve their performance and match the current industry ratio which stands at 2.5: 1. Which of the following strategies would achieve such an outcome?
A. Increase assets by $1 395 000
B. Increase short term debt by $1 395 000
C. Decrease current liabilities by $500 000
D. Double current assets and half the current liabilities
6. What strategy could a business use to effectively manage receivables?
A. Increasing its overdraft
B. Taking out a short-term loan
C. Offering discounts for early payment
D. Increasing the price of the product
7. Which of the following best represents the financial planning cycle?
A. Retain profits, attain equity finance, minimise risks, plan the marketing strategy
B. Address the present financial position, source funds, analyse reports, establish a cost centre
C. Conduct a situational analysis, lead structural change, maintain record systems, develop cash flows
D. Address the present financial position, prepare budgets, analyse financial reports, plan financial controls
8. Which of the following would normally be considered as features of a classical-scientific approach to management?
A. Flat organisational structure and autocratic leadership style
B. Hierarchical organisational structure and autocratic leadership style
C. Hierarchical division of labour and democratic leadership style
D. Hierarchical division of labour and participative leadership style
Current Assets (which has below it Cash at bank, Accounts Receivable, Inventory)
$000's ( has these figures below it 60, 160, 710)
Current Liabilities (Bank Overdraft, Credit Cards, Accounts Payable)
$000's ( 60, 110, 760 )
All of the figures line up in a table like format if anyone gets this.
I need to answer the below questions - If you can help I'd really appreciate it. Thankyou
4. What is the current ratio for this company?
A. 2.3: 1
B. 2: 1
C. 1: 2
D. 1: 1
5. This company wants to improve their performance and match the current industry ratio which stands at 2.5: 1. Which of the following strategies would achieve such an outcome?
A. Increase assets by $1 395 000
B. Increase short term debt by $1 395 000
C. Decrease current liabilities by $500 000
D. Double current assets and half the current liabilities
6. What strategy could a business use to effectively manage receivables?
A. Increasing its overdraft
B. Taking out a short-term loan
C. Offering discounts for early payment
D. Increasing the price of the product
7. Which of the following best represents the financial planning cycle?
A. Retain profits, attain equity finance, minimise risks, plan the marketing strategy
B. Address the present financial position, source funds, analyse reports, establish a cost centre
C. Conduct a situational analysis, lead structural change, maintain record systems, develop cash flows
D. Address the present financial position, prepare budgets, analyse financial reports, plan financial controls
8. Which of the following would normally be considered as features of a classical-scientific approach to management?
A. Flat organisational structure and autocratic leadership style
B. Hierarchical organisational structure and autocratic leadership style
C. Hierarchical division of labour and democratic leadership style
D. Hierarchical division of labour and participative leadership style