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NEW QUESTION 39
Which of the following ratios can be used to assess a company's ability to meet sudden cash requirements?

A. Debt-to-equity ratioB. Receivable turnover ratioC. Asset turnover ratioD. Quick ratio

Answer: C

Explanation:
Explanation/Reference: https://www.investopedia.com/ask/answers/062215/what-are-financial-risk-ratios-and-how-are-they-used-measure-risk.asp

 

NEW QUESTION 40
Which of the following search is used for unusually high incidence of returns and allowances scheme?

A. Disposals of allowances than reordersB. None of the aboveC. Allowances by vendorsD. Returns and allowances

Answer: D

 

NEW QUESTION 41
__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

A. DisclosureB. Conflict of interestC. Resource diversionD. Turnaround sale or flip

Answer: A

 

NEW QUESTION 42
Which of the following scenarios is MOST indicative of a loan fraud scheme?

A. No missing documents in the loan fileB. A change order for a large projectC. A draw request for a construction loanD. High turnover in the developer's personnel

Answer: B

 

NEW QUESTION 43
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