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Examen
FSA Test Questions | Questions with 100% Correct Answers | Updated & Verified
A firm has a low or negative profit margin. What would be a potential solution? - If the firm has 
declining sales, the firm should try to generate more sales. 
Which of the following measures the extent to which the owner's capital (equity) is tied up in non-liquid, 
permanent, depreciable property? - Fixed assets to net worth 
If a company begins to collect its receivables slower, its collection period will? - Increase 
Internal causes are things that negatively impact a company's financia...
Examen
FSA FINAL EXAM | Questions with 100% Correct Answers | Updated & Verified
Popularlist the 4 main financial statements, if you could only have one statement to analyze, which one would 
you choose and why? - 
1. income statement 
2. Balance Sheet 
3. Cash Flow 
4. Statement of Retained Earnings 
Cash flow - companies now on cash 
What is the difference between cash and accrual accounting? include financial statements as examples 
of each in your answer. - cash is cash. accrual assigns costs to a production of an accounting period 
whether or not the cash flow actually...
Examen
FSA Test Questions | Questions with 100% Correct Answers | Updated & Verified
A firm has a low or negative profit margin. What would be a potential solution? - If the firm has 
declining sales, the firm should try to generate more sales. 
Which of the following measures the extent to which the owner's capital (equity) is tied up in non-liquid, 
permanent, depreciable property? - Fixed assets to net worth 
If a company begins to collect its receivables slower, its collection period will? - Increase 
Internal causes are things that negatively impact a company's financia...