2025年CFA一级财务报表分析.docxVIP

2025年CFA一级财务报表分析

考试时间：______分钟总分：______分姓名：______

Part1:MultipleChoiceQuestions

1.Acompanyreportscurrentassetsof$500,000andcurrentliabilitiesof$300,000.Whatisthecurrentratio?

a)0.60

b)1.00

c)1.67

d)1.75

2.Whichofthefollowingisgenerallyconsideredthemostliquidcurrentasset?

a)Accountsreceivable

b)Inventory

c)Prepaidexpenses

d)Cashandcashequivalents

3.Theacid-testratio(alsoknownasthequickratio)iscalculatedby:

a)Dividingcurrentassetsbytotalassets

b)Dividingcurrentassetsminusinventorybycurrentliabilities

c)Dividingtotalassetsbytotalliabilities

d)Dividingnetincomebytotalassets

4.Acompanyhastotalassetsof$2,000,000andtotalliabilitiesof$1,200,000.Whatisthedebt-to-equityratio?

a)0.40

b)0.60

c)1.67

d)2.50

5.Whichofthefollowingratiosprovidesameasureofacompanysabilitytomeetitsshort-termobligationsusingitsmostliquidassets?

a)Debt-to-equityratio

b)Timesinterestearnedratio

c)Inventoryturnoverratio

d)Currentratio

6.Theinventoryturnoverratioiscalculatedby:

a)Dividingcostofgoodssoldbyaverageinventory

b)Dividingaverageinventorybycostofgoodssold

c)Dividingsalesbyaverageinventory

d)Dividingaverageinventorybysales

7.Acompanyhassalesof$1,000,000andcostofgoodssoldof$600,000.Whatisthegrossprofitmargin?

a)30%

b)40%

c)60%

d)70%

8.Whichofthefollowingratiosmeasuresacompanysprofitabilityrelativetoitstotalassets?

a)Grossprofitmargin

b)Returnonassets(ROA)

c)Returnonequity(ROE)

d)Price-to-earningsratio

9.TheDuPontanalysisbreaksdownreturnonequity(ROE)intothreecomponents.WhichofthefollowingisNOToneofthosecomponents?

a)Profitmargin

b)Totalassetturnover

c)Debt-to-equityratio

d)Equitymultiplier

10.A