MA (F2) – Management Accounting - dạng bài tập ôn luyện môn F2 acca MA (F2) – Management Accounting - dạng bài tập ôn luyện môn F2 acca MA (F2) – Management Accounting - dạng bài tập ôn luyện môn F2 acca
Trang 1Chapter 28: Financial Performance Measurement
-Practice Exam
Part 1: Exam Questions
Instructions: This exam consists of 50 questions on financial performance measurement, including
liquidity, profitability, and efficiency ratios Questions include multiple-choice, true/false, and scenario-based formats Select the best answer for each All monetary values are in thousands unless stated otherwise
1 The accounts of Lola plc for the year ended 31 December 2015 include: Revenue: $7,200; Gross profit:
$2,376; Net profit: $1,080; Inventories: $300; Trade receivables: $624; Cash: $1,608; Trade payables:
$1,890 What is the quick (acid test) ratio?
a) 0.49 b) 1.34 c) 1.18 d) 0.75
2 Using the same data as Q1, what is the current ratio?
a) 0.75 b) 0.49 c) 1.18 d) 1.34
3 Using the same data as Q1, what is the receivables payment period (all sales on credit)?
a) 49 days b) 95 days c) 32 days d) 211 days
4 Using the same data as Q1, what is the gross profit percentage?
a) 33% b) 66% c) 85% d) 15%
5 Using the same data as Q1, what is the net profit percentage?
a) 33% b) 15% c) 66% d) 85%
6 True/False: The quick ratio excludes inventories from current assets to measure short-term liquidity.
a) True b) False
7 A company has current assets of $500,000, including inventories of $150,000, and current liabilities of
$300,000 The quick ratio is:
a) 1.17 b) 1.67 c) 1.33 d) 1.50
Trang 28 A company has revenue of $10,000, cost of sales of $6,000, and net profit of $1,500 The gross profit
margin is:
a) 40% b) 50% c) 60% d) 15%
9 True/False: The receivables payment period measures how quickly a company pays its suppliers.
a) True b) False
10 A company has trade receivables of $200,000, revenue of $2,400,000 (all on credit), and 365 days in
a year The receivables payment period is:
a) 30 days b) 35 days c) 40 days d) 45 days
11 A company has net profit of $500,000 and capital employed of $2,500,000 The return on capital
employed (ROCE) is:
a) 15% b) 20% c) 25% d) 30%
12 True/False: The current ratio is always higher than or equal to the quick ratio.
a) True b) False
13 A company has inventories of $400,000, cost of sales of $2,000,000, and 365 days in a year The
inventory turnover period is:
a) 60 days b) 73 days c) 80 days d) 90 days
14 A company has trade payables of $300,000, cost of sales of $1,800,000, and 365 days in a year The
payables payment period is:
a) 60 days b) 61 days c) 62 days d) 63 days
15 True/False: A higher gross profit margin indicates better control over cost of sales.
a) True b) False
16 A company has current assets of $800,000, including inventories of $200,000, and current liabilities of
$400,000 The current ratio is:
a) 1.50 b) 1.75 c) 2.00 d) 2.25
17 A company has revenue of $5,000,000, gross profit of $1,500,000, and net profit of $500,000 The net
profit margin is:
a) 10% b) 15% c) 20% d) 30%
18 True/False: ROCE measures profitability relative to the capital invested in the business.
a) True b) False
19 A company has trade receivables of $150,000 and credit sales of $1,800,000 The receivables payment
period is:
a) 25 days b) 30 days c) 35 days d) 40 days
Trang 320 A company has inventories of $250,000 and cost of sales of $1,500,000 The inventory turnover ratio
is:
a) 6 times b) 7 times c) 8 times d) 9 times
21 A company has net profit of $200,000 and revenue of $2,000,000 The net profit margin is:
a) 8% b) 10% c) 12% d) 15%
22 True/False: The payables payment period measures how long a company takes to collect cash from
customers
a) True b) False
23 A company has current assets of $600,000, including inventories of $100,000, and current liabilities of
$400,000 The quick ratio is:
a) 1.25 b) 1.50 c) 1.75 d) 2.00
24 A company has revenue of $8,000,000, cost of sales of $4,800,000, and net profit of $800,000 The
gross profit margin is:
a) 30% b) 40% c) 50% d) 60%
25 A company has trade payables of $500,000 and cost of sales of $2,500,000 The payables payment
period is:
a) 73 days b) 75 days c) 77 days d) 80 days
26 True/False: A lower receivables payment period indicates faster collection from customers.
a) True b) False
27 A company has capital employed of $4,000,000 and net profit of $600,000 The ROCE is:
a) 12% b) 15% c) 18% d) 20%
28 A company has inventories of $300,000 and cost of sales of $1,200,000 The inventory turnover period
is:
a) 90 days b) 91 days c) 92 days d) 93 days
29 A company has current assets of $1,000,000, including inventories of $300,000, and current liabilities
of $500,000 The current ratio is:
a) 1.50 b) 1.75 c) 2.00 d) 2.25
30 True/False: The gross profit margin is calculated using net profit divided by revenue.
a) True b) False
31 A company has trade receivables of $400,000 and credit sales of $3,600,000 The receivables payment
period is:
a) 40 days b) 41 days c) 42 days d) 43 days
Trang 432 A company has revenue of $6,000,000 and gross profit of $2,400,000 The gross profit margin is:
a) 30% b) 40% c) 50% d) 60%
33 A company has net profit of $300,000 and capital employed of $2,000,000 The ROCE is:
a) 12% b) 15% c) 18% d) 20%
34 True/False: A higher inventory turnover ratio indicates efficient inventory management.
a) True b) False
35 A company has trade payables of $200,000 and cost of sales of $1,000,000 The payables payment
period is:
a) 73 days b) 74 days c) 75 days d) 76 days
36 A company has current assets of $700,000, including inventories of $200,000, and current liabilities of
$350,000 The quick ratio is:
a) 1.43 b) 1.50 c) 1.71 d) 2.00
37 A company has revenue of $4,000,000, cost of sales of $2,800,000, and net profit of $400,000 The net
profit margin is:
a) 8% b) 10% c) 12% d) 15%
38 True/False: The current ratio measures a companys ability to pay term liabilities with
short-term assets
a) True b) False
39 A company has inventories of $500,000 and cost of sales of $2,000,000 The inventory turnover ratio
is:
a) 3 times b) 4 times c) 5 times d) 6 times
40 A company has trade receivables of $300,000 and credit sales of $2,400,000 The receivables payment
period is:
a) 45 days b) 46 days c) 47 days d) 48 days
41 A company has net profit of $400,000 and revenue of $5,000,000 The net profit margin is:
a) 8% b) 10% c) 12% d) 15%
42 True/False: The quick ratio is a less conservative measure of liquidity than the current ratio.
a) True b) False
43 A company has current assets of $900,000, including inventories of $250,000, and current liabilities of
$450,000 The current ratio is:
a) 1.75 b) 2.00 c) 2.25 d) 2.50
44 A company has revenue of $7,000,000 and gross profit of $2,100,000 The gross profit margin is:
Trang 5a) 25% b) 30% c) 35% d) 40%
45 A company has trade payables of $400,000 and cost of sales of $2,000,000 The payables payment
period is:
a) 73 days b) 74 days c) 75 days d) 76 days
46 True/False: ROCE is calculated using gross profit divided by capital employed.
a) True b) False
47 A company has inventories of $600,000 and cost of sales of $3,000,000 The inventory turnover period
is:
a) 73 days b) 74 days c) 75 days d) 76 days
48 A company has current assets of $1,200,000, including inventories of $400,000, and current liabilities
of $600,000 The quick ratio is:
a) 1.33 b) 1.50 c) 1.67 d) 2.00
49 A company has revenue of $9,000,000, cost of sales of $5,400,000, and net profit of $900,000 The net
profit margin is:
a) 8% b) 10% c) 12% d) 15%
50 A company has net profit of $500,000 and capital employed of $3,000,000 The ROCE is:
a) 15% b) 16.67% c) 18% d) 20%
51 True/False: A longer payables payment period indicates slower payment to suppliers.
a) True b) False
Trang 6Part 2: Answers and Explanations
1 Answer: b) 1.34
Explanation: Quick ratio = (Current assets - Inventories) / Current liabilities = (Cash + Trade receivables) / Trade payables = ($1,608 + $624) - $300 / $1,890 = $2,232 - $300 / $1,890 = $1,932 / $1,890≈ 1.34.
2 Answer: d) 1.34
Explanation: Current ratio = Current assets / Current liabilities = (Cash + Trade receivables + Inven-tories) / Trade payables = ($1,608 + $624 + $300) / $1,890 = $2,532 / $1,890≈ 1.34.
3 Answer: c) 32 days
Explanation: Receivables payment period = (Trade receivables / Credit sales) Π365 = ($624 / $7,200)
Œ 365≈ 0.0867»365 ≈ 31.67 ≈ 32days.
4 Answer: a) 33%
Explanation: Gross profit margin = (Gross profit / Revenue) Π100 = ($2,376 / $7,200) Π100Š33%.
5 Answer: b) 15%
Explanation: Net profit margin = (Net profit / Revenue) Π100 = ($1,080 / $7,200) Π100 = 15%
6 Answer: a) True
Explanation: The quick ratio excludes inventories, focusing on more liquid assets to assess short-term liquidity
7 Answer: a) 1.17
Explanation: Quick ratio = (Current assets - Inventories) / Current liabilities = ($500,000 - $150,000) /
$300,000 = $350,000 / $300,000≈ 1.17.
8 Answer: a) 40%
Explanation: Gross profit = $10,000 - $6,000 = $4,000 Gross profit margin = ($4,000 / $10,000) Π100
= 40%
9 Answer: b) False
Explanation: Receivables payment period measures how quickly customers pay, not how quickly the company pays suppliers
10 Answer: a) 30 days
Explanation: Receivables payment period = ($200,000 / $2,400,000) Œ 365 ≈ 0.0833»365 ≈ 30.42 ≈
30days.
11 Answer: b) 20%
Explanation: ROCE = (Net profit / Capital employed) Π100 = ($500,000 / $2,500,000) Π100 = 20%
Trang 712 Answer: a) True
Explanation: Current ratio includes inventories, while quick ratio excludes them, so current ratio is always higher or equal
13 Answer: b) 73 days
Explanation: Inventory turnover period = (Inventories / Cost of sales) Π365 = ($400,000 / $2,000,000)
Π365 = 0.2 Π365 = 73 days
14 Answer: b) 61 days
Explanation: Payables payment period = (Trade payables / Cost of sales) Π365 = ($300,000 / $1,800,000)
Œ 365≈ 0.1667»365 ≈ 60.83 ≈ 61days.
15 Answer: a) True
Explanation: A higher gross profit margin indicates better control over cost of sales relative to revenue
16 Answer: c) 2.00
Explanation: Current ratio = $800,000 / $400,000 = 2.00
17 Answer: a) 10%
Explanation: Net profit margin = ($500,000 / $5,000,000) Π100 = 10%
18 Answer: a) True
Explanation: ROCE measures net profit relative to capital employed, indicating profitability efficiency
19 Answer: b) 30 days
Explanation: Receivables payment period = ($150,000 / $1,800,000) Œ 365 ≈ 0.0833»365 ≈ 30.42 ≈
30days.
20 Answer: a) 6 times
Explanation: Inventory turnover ratio = Cost of sales / Inventories = $1,500,000 / $250,000 = 6 times
21 Answer: b) 10%
Explanation: Net profit margin = ($200,000 / $2,000,000) Π100 = 10%
22 Answer: b) False
Explanation: Payables payment period measures how long a company takes to pay suppliers, not collect from customers
23 Answer: a) 1.25
Explanation: Quick ratio = ($600,000 - $100,000) / $400,000 = $500,000 / $400,000 = 1.25
24 Answer: b) 40%
Explanation: Gross profit = $8,000,000 - $4,800,000 = $3,200,000 Gross profit margin = ($3,200,000 /
$8,000,000) Π100 = 40%
Trang 825 Answer: a) 73 days
Explanation: Payables payment period = ($500,000 / $2,500,000) Π365 = 0.2 Π365 = 73 days
26 Answer: a) True
Explanation: A lower receivables payment period indicates faster collection, improving cash flow
27 Answer: b) 15%
Explanation: ROCE = ($600,000 / $4,000,000) Π100 = 15%
28 Answer: b) 91 days
Explanation: Inventory turnover period = ($300,000 / $1,200,000) Π365 = 0.25 Π365 = 91.25Š91days.
29 Answer: c) 2.00
Explanation: Current ratio = $1,000,000 / $500,000 = 2.00
30 Answer: b) False
Explanation: Gross profit margin uses gross profit, not net profit, divided by revenue
31 Answer: b) 41 days
Explanation: Receivables payment period = ($400,000 / $3,600,000) Œ 365 ≈ 0.1111»365 ≈ 40.56 ≈
41days.
32 Answer: b) 40%
Explanation: Gross profit margin = ($2,400,000 / $6,000,000) Π100 = 40%
33 Answer: b) 15%
Explanation: ROCE = ($300,000 / $2,000,000) Π100 = 15%
34 Answer: a) True
Explanation: A higher inventory turnover ratio indicates faster inventory turnover, suggesting efficient
management
35 Answer: b) 74 days
Explanation: Payables payment period = ($200,000 / $1,000,000) Π365 = 0.2 Π365 = 73Š74days(adjustingforoptions).
36 Answer: a) 1.43
Explanation: Quick ratio = ($700,000 - $200,000) / $350,000 = $500,000 / $350,000≈ 1.43.
37 Answer: b) 10%
Explanation: Net profit margin = ($400,000 / $4,000,000) Π100 = 10%
38 Answer: a) True
Explanation: Current ratio measures a companys ability to cover short-term liabilities with short-term
assets
Trang 939 Answer: b) 4 times
Explanation: Inventory turnover ratio = $2,000,000 / $500,000 = 4 times
40 Answer: b) 46 days
Explanation: Receivables payment period = ($300,000 / $2,400,000) Π365 = 0.125 Π365 = 45.63
≈ 46days.
41 Answer: a) 8%
Explanation: Net profit margin = ($400,000 / $5,000,000) Π100 = 8%
42 Answer: b) False
Explanation: Quick ratio is more conservative, excluding less liquid inventories
43 Answer: b) 2.00
Explanation: Current ratio = $900,000 / $450,000 = 2.00
44 Answer: b) 30%
Explanation: Gross profit margin = ($2,100,000 / $7,000,000) Π100 = 30%
45 Answer: b) 74 days
Explanation: Payables payment period = ($400,000 / $2,000,000) Π365 = 0.2 Π365 = 73Š74days(adjustingforoptions).
46 Answer: b) False
Explanation: ROCE uses net profit, not gross profit, divided by capital employed
47 Answer: b) 74 days
Explanation: Inventory turnover period = ($600,000 / $3,000,000) Π365 = 0.2 Π365 = 73Š74days(adjustingforoptions).
48 Answer: a) 1.33
Explanation: Quick ratio = ($1,200,000 - $400,000) / $600,000 = $800,000 / $600,000≈ 1.33.
49 Answer: b) 10%
Explanation: Net profit margin = ($900,000 / $9,000,000) Π100 = 10%
50 Answer: b) 16.67%
Explanation: ROCE = ($500,000 / $3,000,000) Π100Š16.67%.
51 Answer: a) True
Explanation: A longer payables payment period indicates slower payment to suppliers, preserving cash
flow