"Financial Report":Financial Analysis Techniques

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Questions 1:

By themselves, financial ratios are least likely to be sufficient in determining a company’s:

A 、past performance.

B、 creditworthiness.

C 、current financial condition.

Questions 2:

The following information is available about a conglomerate and one of its reportable operating segments:

Financial Report:Financial Analysis Techniques

The element of Segment A’s financial statement excerpts that most likely causes it to qualify as a reportable segment is its:

A、 capital expenditures.

B、 assets.

C、 revenue.

View answer resolution

【Answer to question 1】B

【analysis】

B is correct. Financial ratios alone are not sufficient to determine the creditworthiness of a company. Other factors must also be considered, such as examining the entire operation of the company, meeting with management, touring company facilities, and so forth.

A is incorrect because ratio analysis by itself does enable a financial analyst to evaluate past performance.

C is incorrect because ratio analysis by itself does enable the assessment of a company’s current financial position.

【Answer to question 2】C

【analysis】

C is correct. Segment A most likely qualifies as a reportable segment because its revenue amounts to 10.4% of total revenues, which is above the 10% threshold for the revenue test.

A is incorrect. The qualifying elements are assets, revenues, and operating profit. Segments are not qualified based on capital expenditures.

B is incorrect. Segment A’s assets amount to 5% of total assets, which falls below the 10% threshold.

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