Question 1
XYZ Inc. has quick assets of ₹ 5,50,000 and current liabilities of ₹ 2,50,000. The company purchased ₹ 85,500 in inventory on credit. After the purchase, the quick ratio would be
1.6
2.5
2.0
2.2
Question 2
An increasing inventory turnover ratio
Indicates a shorter time span between the purchase and sale of inventory
Indicates a longer time span between the ordering and receiving of inventory
Indicates a shorter time span between the ordering and receiving of inventory
Indicates a longer time span between the purchase and sale of inventory
Question 3
A decrease in selling and administrative expenses would impact which of the following ratio?
Fixed asset turnover ratio
Debt-to-equity ratio
Current ratio
Times interest earned ratio
22 more questions in this paper
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More on the Financial Forensics Quiz 2 6 Aug 2023 paper
The IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 6 Aug 2023, in the May 2023 term: 25 questions for 25 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Financial Forensics Quiz 2 6 Aug 2023 at a glance |
|---|---|
| Term | May 2023 term |
| Subject | Financial Forensics |
| Course code | BSMS4003 |
| Questions | 25 |
| Marks | 25 |
| Duration | 120 min |
| MCQ | 25 |
| Official paper | IIT M DEGREE AN3 EXAM QPE3 06 Aug 2023 |
| Negative marking | No negative marking. |
| Updated |