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1) Sales Revenue is seen in which financial statement? a) Balance sheet (statement of financial position) b) Profit & Loss (income statement) c) Break even d) Cashflow forecast e) Sales forecast 2) What does ROCE stand for? a) Revenue on Capital Employed b) Return on Capital Employed c) RReturn on Contentious Employees d) Revenue of Certain Expenses e) Ratio of Capital Employed 3) "Sales Revenue / Gross Profit x 100" gives which ratio? a) Liquidity ratio b) Net profit margin c) Sales margin d) Gross profit margin e) Acid test ratio 4) Which of these terms comes last on a profit and loss account? a) Net profit b) Gross Profit c) Closing balance d) Expenses e) Liabilities 5) Inflows and outflows are seen in which financial statement? a) Balance sheet (statement of financial position) b) Profit & Loss (income statement) c) Break even d) Cashflow forecast e) Sales forecast 6) What does "Sales Revenue - Cost of Sales" give? a) Equity b) Profit c) Expenses d) Net profit e) Gross profit 7) Contribution is seen in which financial statement? a) Balance sheet (statement of financial position) b) Profit & Loss (income statement) c) Break even d) Cashflow forecast e) Sales forecast 8) Chose the option below that would help to improve gross profit a) Increase expenses b) Decrease sales revenue c) Decrease cost of sales d) Increase cost of sales e) Decrease expenses 9) Current liabilities are seen in which financial statement? a) Balance sheet (statement of financial position) b) Profit & Loss (income statement) c) Break even d) Cashflow forecast e) Sales forecast 10) For your business plan which financial documents are you required to include: a) Income statement (P&L account) b) Statement of Financial Position (Balance Sheet) c) Break Even d) Cashflow forecast e) All of the above

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