Your calculations are not of my interest. To pass this test, you have to select the right answers. I am not going to grade for your calculations.

7- A firm has 10.000 $ in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1. What is the firm's Net Working Capital?

a) 10.000 $

b) 20.000 $

c) 30.000 $

d) 40.000 $

8- You have been hired as an analyst for BP Ltd. and you are working on an independent assessment of its financial statements. Your assistant has provided you with the following data for the company. Suppose that the total assets are 100 $. Then, what is the Current Asset amount? (Note that, the balance sheet is composed of current assets, fixed assets, short-term debt, long-term debt and equity)

a) 9.25 $

b) 9.75 $

c) 10.45 $

d) 12.05 $

9- Refer to Question 8 above. What is the Cost of Goods Sold? (Note that, there are no comparable figures. Use the items that belongs to the current year only)

a) 137,78 $

b) 148,66 $

c) 153,42 $

d) 161,12 $

10- Refer to Question 8 above. Suppose that current assets include inventories and receivables only. What would be the gross profit (Revenue Cost of Goods Sold)? (Note that, there are no comparable figures. Use the items that belongs to the current year only. Also assume that all sales are credit sales)

a) 122,93 $ loss

b) 65,43 $ profit

c) 101,21 $ loss

d) 89,39 $ profit

11- Refer to Question 8 above. What is the return on assets

a) 1,16%

b) 1,65%

c) 2,03%

d) 2,11%

Ratio Long-tem debt/Total Assets Inventory Turnover Receivable turnover in days (360) Debt to Equity Net Proft Margin Quick Ratio Current Ratio 2018 0.35 62.65 113 0.75 0.082 1.028 1.33