Question 5

Which of the following ratios cannot be calculated without the income statement?

Question 5 options:

	Current ratio
	Debt to Equity ratio
	Quick Ratio
	Gross Profit Margin

Question 6

A snapshot of the financial position of a business at a point in time is called the

Question 6 options:

	Balance Sheet
	Income Statement
	Statement of Retained Earnings
	Cashflow Satement

Question 7

Which of the following ratios requires information from both the income statement and balance sheet?

Question 7 options:

	Return on Equity
	Current Ratio
	Gross Profit Margin
	Debt to Equity

Question 8 (1 point)

The purpose of the statement of cash flow is:

Question 8 options:

	to identify the sources of cash
	to determine the profits of the business
	to identify the sources and uses of cash
	to show the assets & liabilities of the business