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CMA Part 2 重点题库(一)

  下面给大家介绍2018年CMA部分重点题库:

SectionA:FinancialStatementAnalysis  

1. CSO:2A1a LOS:2A1a  

Gordonhashadthefollowingfinancialresultsforthelastfouryears.  

Year1 Year2 Year3 Year4

Sales $1,250,000 $1,300,000 $1,359,000 $1,400,000  

Costofgoodssold 750,000 785,000 825,000 850,000  

Grossprofit 500,000 515,000 534,000 550,000  

Inflationfactor 1.00 1.03 1.07 1.10  

Gordonhasanalyzedtheseresultsusingverticalcommon-sizeanalysistodeterminetrends.TheperformanceofGordoncanbestbecharacterizedbywhichoneofthefollowingstatements?  

a. Thecommon-sizegrossprofitpercentagehasdecreasedasaresultofanincreasingcommon-sizetrendincostofgoodssold.  

b. Thecommon-sizetrendinsalesisincreasingandisresultinginanincreasingtrendinthecommon-sizegrossprofitmargin.  

c. Thecommon-sizetrendincostofgoodssoldisdecreasingwhichisresultinginanincreasingtrendinthecommon-sizegrossprofitmargin.  

d. Theincreasedtrendinthecommon-sizegrossprofitpercentageistheresultofboththeincreasingtrendinsalesandthedecreasingtrendincostofgoodssold.  

2. CSO:2A2a LOS:2A2a  

BroomallCorporationhasdecidedtoincludecertainfinancialratiosinitsyear-endannualreporttoshareholders.Selectedinformationrelatingtoitsmostrecentfiscalyearisprovidedbelow.  

• Cash $10,000  

• Accountsreceivable 20,000  

• Prepaidexpenses 8,000  

• Inventory 30,000  

• Available-for-salesecurities  

-Atcost 9,000  

-Fairvalueatyearend 12,000  

• Accountspayable 15,000  

• Notespayable(duein90days) 25,000  

• Bondspayable(duein10years) 35,000  

• Netcreditsalesforyear 220,000  

• Costofgoodssold 140,000  

Broomall’sworkingcapitalatyearendis  

a. $40,000.  

b. $37,000.  

c. $28,000.  

d. $10,000.  

3. CSO:2A2a LOS:2A2b  

Allofthefollowingareaffectedwhenmerchandiseispurchasedoncreditexcept  

a. totalcurrentassets.  

b. networkingcapital.  

c. totalcurrentliabilities.  

d. currentratio.  

4. CSO:2A2a LOS:2A2a  

BirchProductsInc.hasthefollowingcurrentassets.  

Cash $250,000  

Marketablesecurities 100,000  

Accountsreceivable 800,000  

Inventories 1,450,000  

Totalcurrentassets $2,600,000  

 

IfBirch’scurrentliabilitiesare$1,300,000,thefirm’s  

a. currentratiowilldecreaseifapaymentof$100,000cashisusedtopay$100,000ofaccountspayable.  

b. currentratiowillnotchangeifapaymentof$100,000cashisusedtopay$100,000ofaccountspayable.  

c. quickratiowilldecreaseifapaymentof$100,000cashisusedtopurchaseinventory.  

d. quickratiowillnotchangeifapaymentof$100,000cashisusedtopurchaseinventory.  

5. CSO:2A2a LOS:2A2a  

ShownbelowarebeginningandendingbalancesforcertainofGrimaldiInc.’saccounts.  

January1 December31  

Cash $48,000 $62,000  

Marketablesecurities 42,000 35,000  

Accountsreceivable 68,000 47,000  

Inventory 125,000 138,000  

Plant&equipment 325,000 424,000  

Accountspayable 32,000 84,000  

Accruedliabilities 14,000 11,000  

7%bondspayable 95,000 77,000  

Grimaldi’sacidtestratioorquickratioattheendoftheyearis  

a. 0.83.  

b. 1.02.

c. 1.15.  

d. 1.52.  

6. CSO:2A2a LOS:2A2b  

DavisRetailInc.hastotalassetsof$7,500,000andacurrentratioof2.3timesbeforepurchasing$750,000ofmerchandiseoncreditforresale.Afterthispurchase,thecurrentratiowill  

a. remainat2.3times.  

b. behigherthan2.3times.  

c. belowerthan2.3times.  

d. beexactly2.53times.}  

7. CSO:2A2a LOS:2A2b  

MarkowitzCompanyincreaseditsallowanceforuncollectableaccounts.Thisadjustmentwill  

a. increasetheacidtestratio.  

b. increaseworkingcapital.  

c. reducedebt-to-assetratio.  

d. reducethecurrentratio.  

8. CSO:2A2a LOS:2A2a  

ShownbelowareselecteddatafromFortuneCompany’smostrecentfinancialstatements.  

Marketablesecurities $10,000  

Accountsreceivable 60,000  

Inventory 25,000  

Supplies 5,000  

Accountspayable 40,000  

Short-termdebtpayable 10,000  

Accruals 5,000  

WhatisFortune’snetworkingcapital?  

a. $35,000.  

b. $45,000.  

c. $50,000.  

d. $80,000.  

9. CSO:2A2a LOS:2A2b  

GarstkaAutoPartsmustincreaseitsacidtestratioabovethecurrent0.9levelinordertocomplywiththetermsofaloanagreement.Whichoneofthefollowingactionsismostlikelytoproducethedesiredresults?  

a. Expeditingcollectionofaccountsreceivable.  

b. Sellingautopartsonaccount.  

c. Makingapaymenttotradeaccountspayable.  

d. Purchasingmarketablesecuritiesforcash.  

10. CSO:2A2a LOS:2A2b  

Theownerofachainofgrocerystoreshasboughtalargesupplyofmangoesandpaidforthefruitwithcash.Thispurchasewilladverselyimpactwhichoneofthefollowing?  

a. Workingcapital.  

b. Currentratio.  

c. Quickoracidtestratio.  

d. Priceearningsratio.  

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