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Free FM — Certificate in Financial Modelling Exam Questions and Answers
Last updated: March 30, 2025
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FM — Certificate in Financial Modelling
#Question
210. A company with a high return on assets (ROA) is doing what effectively?
A.
Managing expenses poorly
B.
Increasing revenue through high sales prices
C.
Taking on excessive debt
D.
Using assets to generate profits
Correct Answer:
D
A high ROA implies efficient use of the company's assets to produce income.
#Question
209. If a company expects revenues to increase from $500,000 to $600,000, how much is the projected percentage increase?
A.
20%
B.
10%
C.
30%
D.
25%
Correct Answer:
A
Percentage increase = ((New Revenue - Old Revenue) / Old Revenue) 100 = (($600,000 - $500,000) / $500,000) 100.
#Question
208. A firm prepares financial statements for the past year. What accounting concept requires that revenue is recognized when earned?
A.
Matching Principle
B.
Accrual Accounting
C.
Cash Basis Accounting
D.
Revenue Realization Principle
Correct Answer:
B
Accrual accounting mandates revenue is reported when earned, not necessarily when cash is received.
#Question
207. If a company has favorable market conditions but no cash reserves, what might be a serious issue?
A.
Inability to seize opportunities
B.
High revenue potential
C.
Increase in sales
D.
Decreased productivity
Correct Answer:
A
Without cash reserves, the company may not be able to capitalize on advantageous market conditions.
#Question
206. Which ratio would you analyze to determine a company's efficiency in generating sales from its assets?
A.
Asset Turnover Ratio
B.
Return on Equity
C.
Debt Ratio
D.
Current Ratio
Correct Answer:
A
Asset turnover measures how effectively a company uses its assets to generate sales.
#Question
205. If inflation increases while a company's sales remain stable, what is likely to happen to its profit?
A.
Remain unchanged
B.
Increase
C.
Decrease
D.
Fluctuate
Correct Answer:
C
Inflation generally increases costs. If sales stay stable, profit margins might shrink.
#Question
204. When a company reports streamlined operations, which financial metric would likely improve?
A.
Gross Profit
B.
Debt to Equity Ratio
C.
Fixed Costs
D.
Profit Margins
Correct Answer:
D
Streamlined operations often increase efficiency, leading to improved profit margins.
FM — Certificate in Financial Modelling
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