Financial Accounting 1 UvA Exam Questions
and Answers | Verified Study Guide |
2026/2027
Gross Profit - correct answer-net sales - cost of goods sold
Gross Profit Rate - correct answer-gross profit/net sales
Five Financial Statements - correct answer-1. Income Statement
2. Retained Earnings Statement
3. Statement of Financial Position
4. Statement of Cash Flows
5. Comprehensive Income Statement
Change since base period - correct answer-(current year amount - base year
amount) / base year amount
Current Results in Relation to Base Period - correct answer-current year amount /
base year amount
Current Ratio - correct answer-Current Assets / Current Liabilities
, Working Capital - correct answer-current assets - current liabilities
Acid-Test Ratio (Quick Ratio) - correct answer-(Cash + Short-Term Investments +
Accounts Receivable (Net)) / Current Liabilities
Accounts Receivable Turnover - correct answer-Net Credit Sales / Average Net
Accounts Receivable
Average Collection Period - correct answer-365 / Accounts Receivable Turnover
Days in Inventory - correct answer-365 / Inventory Turnover
Profit Margin - correct answer-Net Income / Net Sales
Asset Turnover - correct answer-Net Sales / Average Total Assets
Return on Assets - correct answer-Net Income / Average Total Assets
Return on Ordinary Shareholder's Equity - correct answer-(Net Income -
Preference Divindends) / Average Ordinary Shareholder's Equity
Earnings per Share - correct answer-(Net Income - Preference Dividends) /
Weighted-Average Ordinary Shares Outstanding
Price-Earnings (P-E) Ratio - correct answer-Market Price per Share / Earnings per
Share
and Answers | Verified Study Guide |
2026/2027
Gross Profit - correct answer-net sales - cost of goods sold
Gross Profit Rate - correct answer-gross profit/net sales
Five Financial Statements - correct answer-1. Income Statement
2. Retained Earnings Statement
3. Statement of Financial Position
4. Statement of Cash Flows
5. Comprehensive Income Statement
Change since base period - correct answer-(current year amount - base year
amount) / base year amount
Current Results in Relation to Base Period - correct answer-current year amount /
base year amount
Current Ratio - correct answer-Current Assets / Current Liabilities
, Working Capital - correct answer-current assets - current liabilities
Acid-Test Ratio (Quick Ratio) - correct answer-(Cash + Short-Term Investments +
Accounts Receivable (Net)) / Current Liabilities
Accounts Receivable Turnover - correct answer-Net Credit Sales / Average Net
Accounts Receivable
Average Collection Period - correct answer-365 / Accounts Receivable Turnover
Days in Inventory - correct answer-365 / Inventory Turnover
Profit Margin - correct answer-Net Income / Net Sales
Asset Turnover - correct answer-Net Sales / Average Total Assets
Return on Assets - correct answer-Net Income / Average Total Assets
Return on Ordinary Shareholder's Equity - correct answer-(Net Income -
Preference Divindends) / Average Ordinary Shareholder's Equity
Earnings per Share - correct answer-(Net Income - Preference Dividends) /
Weighted-Average Ordinary Shares Outstanding
Price-Earnings (P-E) Ratio - correct answer-Market Price per Share / Earnings per
Share
