ACCA

Analyzing Financial Statements

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ACCA FR — Financial Reporting Practice Exam 1

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Q11Medium2 marks·ACCA FR — Financial Reporting Practice Exam 1

SECTION A Which of the following actions would immediately improve a company's Return on Capital Employed (ROCE)?

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Q15Hard2 marks·ACCA FR — Financial Reporting Practice Exam 1

SECTION A Omega Co has a current ratio of 1.5 and a quick ratio (acid test) of 0.8. Which of the following transactions would cause the current ratio to increase but the quick ratio to decrease?

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Q25Medium2 marks·ACCA FR — Financial Reporting Practice Exam 1

SECTION B - CASE 2: BioHarvest Agri BioHarvest Agri Co operates commercial vineyards. The year-end is 30 September 20X6. If BioHarvest incorrectly valued its closing wine inventory at $150,000 instead of the correct value calculated previously, what would be the impact on the Gross Profit Margin and Current Ratio for the year ended 30 September 20X6?

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