← SetsAccounting Principles — Set 9
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Accounting Principles Practice Questions — Set 9
10 free Accounting Principles reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 9 of 10.
81
A company with ₱300,000 in inventory, ₱600,000 in current assets, and ₱250,000 in current liabilities has a quick ratio of:
82
Inventory turnover ratio measures:
83
Which ratio indicates the company's ability to meet interest payments?
84
Return on Equity (ROE) is calculated as:
85
A company has sales of ₱2,000,000 and average accounts receivable of ₱400,000. The accounts receivable turnover is:
86
What is the first step in the accounting cycle?
87
What is the purpose of a trial balance?
88
Temporary accounts are closed at year-end. Which account is temporary?
89
Which account is used to close all temporary accounts?
90