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Quiz: Using Income Statements and Balance Sheets Together
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about financial analysis, let's test your understanding of how income statements and balance sheets work together to assess business performance!
Which statement shows a business's financial position at a specific point in time?
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Which of the following items are typically found on both the income statement and balance sheet? (Select all that apply)
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The {{blank0}} shows a business's profitability, while the {{blank1}} shows its financial position.
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Match the items on the left with their correct pairs on the right
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Match the items on the left with their correct pairs on the right
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Which key financial ratio uses figures from both the income statement and balance sheet?
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Which of the following help link the income statement and balance sheet? (Select all that apply)
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The {{blank0}} ratio measures how efficiently a business uses its capital to generate {{blank1}}.
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Match the items on the left with their correct pairs on the right
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How does depreciation on the income statement affect the balance sheet?
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