The following 10 questions vary in degree of difficulty. Whereas some of the easier questions may be solved by using the formula, the more complicated questions may be easier to solve by using spreadsheet techniques.
The company as portrayed in Balance Sheet 01 is solvent? True or False
True
False
In Balance Sheet 01, not all assets have increased in value during the year.
True
False
In Balance Sheet 01, the value of the business went down.
True
False
In Balance Sheet 01, Creditors is three times as much as Debtors.
True
False
In Balance Sheet 01, if the company sold all Fixed Assets except Premises it could raise funds to pay off Creditors,
True
False
In Balance Sheet 02, the organisation has a small amount of money its bank account?
True
False
In Balance Sheet 02, the total extent of depreciation is $99.000
True
False
In Balance Sheet 02, the Current Ratio is 0.286
True
False
The Total Worth of the organisation decreased during the year.
True
False
In Balance Sheet 02, the organisation might be described as having healthy fixed assets, but it is "cash-strapped".