CMA Part 2 Practice Exam 6

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Part 2 Practice Exam 6

CMA Part 2
Practice Exams

CMA Part 2 Practice Exam 6

Quiz Summary

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1. Question

Halverson Industries reports Sales of $1,500,000 and Cost of Goods Sold of $900,000 on its income statement. On a common-size income statement, what percentage of sales does Cost of Goods Sold represent?

2. Question

Driscoll Corporation reported total revenue of $2,000,000 in Year 1, $2,300,000 in Year 2, and $2,600,000 in Year 3. Using Year 1 as the base year, what is the common-base-year index for Year 3 revenue?

3. Question

A company’s net income was $150,000 in Year 1 and $180,000 in Year 2. Using horizontal (trend) analysis, what is the percentage change in net income from Year 1 to Year 2?

4. Question

Vantage Company reports the following year-end balances: Cash $30,000; Accounts Receivable $70,000; Inventory $120,000; Prepaid Expenses $10,000; Accounts Payable $80,000; Accrued Liabilities $20,000; Short-term Notes Payable $20,000. What is Vantage’s Current Ratio?

5. Question

Brennan Co. reports total liabilities of $450,000 and total stockholders’ equity of $300,000. What is Brennan’s Debt-to-Equity ratio?

6. Question

A company reports Cost of Goods Sold of $960,000 for the year and average inventory of $160,000. What is the company’s Inventory Turnover ratio?

7. Question

A company reports Net Income of $96,000 and Sales of $1,200,000 for the year. What is the company’s Net Profit Margin?

8. Question

A company’s common stock trades at $45 per share, and its earnings per share for the trailing twelve months is $3.00. What is the company’s Price/Earnings (P/E) ratio?

9. Question

10. Question

Next: CMA Part 2 Practice Exam 7

CMA Part 2Practice Exams

CMA Part 2 Practice Exam 6

Quiz Summary

Information

Results

Results

Categories

1. Question

Halverson Industries reports Sales of $1,500,000 and Cost of Goods Sold of $900,000 on its income statement. On a common-size income statement, what percentage of sales does Cost of Goods Sold represent?

2. Question

Driscoll Corporation reported total revenue of $2,000,000 in Year 1, $2,300,000 in Year 2, and $2,600,000 in Year 3. Using Year 1 as the base year, what is the common-base-year index for Year 3 revenue?

3. Question

A company’s net income was $150,000 in Year 1 and $180,000 in Year 2. Using horizontal (trend) analysis, what is the percentage change in net income from Year 1 to Year 2?

4. Question

Vantage Company reports the following year-end balances: Cash $30,000; Accounts Receivable $70,000; Inventory $120,000; Prepaid Expenses $10,000; Accounts Payable $80,000; Accrued Liabilities $20,000; Short-term Notes Payable $20,000. What is Vantage’s Current Ratio?

5. Question

Brennan Co. reports total liabilities of $450,000 and total stockholders’ equity of $300,000. What is Brennan’s Debt-to-Equity ratio?

6. Question

A company reports Cost of Goods Sold of $960,000 for the year and average inventory of $160,000. What is the company’s Inventory Turnover ratio?

7. Question

A company reports Net Income of $96,000 and Sales of $1,200,000 for the year. What is the company’s Net Profit Margin?

8. Question

A company’s common stock trades at $45 per share, and its earnings per share for the trailing twelve months is $3.00. What is the company’s Price/Earnings (P/E) ratio?

9. Question

10. Question

Next: CMA Part 2 Practice Exam 7

CMA Part 2
Practice Exams