2025年CFA一级考试《财务报表分析》练习题.docxVIP

2025年CFA一级考试《财务报表分析》练习题

考试时间：______分钟总分：______分姓名：______

试卷内容

1.AccordingtoIFRS,whichofthefollowingstatementsregardingtheclassificationofcashflowsismostaccurate?

a)Interestpaidisalwaysclassifiedasaninvestingactivity.

b)Dividendsreceivedfrominvestmentsaretypicallyclassifiedasanoperatingactivity.

c)Proceedsfromthesaleofmarketablesecuritiesaregenerallyclassifiedasaninvestingactivity.

d)Capitalexpendituresarealwaysclassifiedasanoperatingactivity.

2.Acompanyusesthestraight-linemethodfordepreciatingitsequipment.Ifthecompanyswitchestothedouble-decliningbalancemethodbeginningnextyear,howwillthischangeaffectthecompanysdepreciationexpensereportednextyear?

a)Increase

b)Decrease

c)Noeffect

d)Uncertain

3.Whichofthefollowingratiosprovidesthemostdirectmeasureofacompanysabilitytomeetitsshort-termobligationsusingitsmostliquidassets?

a)Debt-to-equityratio

b)Timesinterestearnedratio

c)Currentratio

d)Inventoryturnoverratio

4.AssumeCompanyAhasahigherprofitmarginthanCompanyB,butalowerassetturnoverratio.Whichofthefollowingstatementsismostlikelytrueregardingtheirreturnonassets(ROA)?

a)CompanyAsROAisdefinitelyhigherthanCompanyBs.

b)CompanyBsROAisdefinitelyhigherthanCompanyAs.

c)CompanyAsROAcouldbehigherorlowerthanCompanyBsdependingontheirfinancialleverage.

d)CompanyAsandCompanyBsROAmustbeequal.

5.Acompanyreportsthefollowingfortheyear:Netincome=$100,000;Depreciationexpense=$20,000;Increaseinaccountspayable=$15,000;Decreaseinaccountsreceivable=$10,000.Whatistheapproximatecashflowfromoperatingactivitiesusingtheindirectmethod?

a)$95,000

b)$105,000

c)$125,000

d)$115,000

6.Whenpreparingacommon-sizeincomestatement,whichbaseamountistypicallyused