Practice Tools of Financial Statement Analysis - 3.5 | Chapter 3: Financial Statement Analysis – ICSE Class 12 | ICSE Class 12 Accounts
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3.5 - Tools of Financial Statement Analysis

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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define comparative financial statements.

💡 Hint: Think about what 'comparative' means in finance.

Question 2

Easy

What does a common size statement express for its items?

💡 Hint: Consider how percentages help in comparisons.

Practice 3 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the primary use of comparative financial statements?

  • To compare ratios
  • To analyze performance over time
  • To calculate profitability

💡 Hint: Consider how the name 'comparative' relates to performance.

Question 2

True or False: Common size statements show net profit as a percentage of sales.

  • True
  • False

💡 Hint: Think about how common size statements present data.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Given the following financial data, prepare a common-sized income statement and highlight the cost of goods sold percentage.
Revenue from Sales: ₹1,00,000; Cost of Goods Sold: ₹60,000; Operating Expenses: ₹25,000.

💡 Hint: Remember to divide by total revenue.

Question 2

Analyze the following trend data over three years: Year 1 Revenue: ₹500,000, Year 2 Revenue: ₹600,000, Year 3 Revenue: ₹700,000. Calculate the trend percentages for each year with Year 1 as a base.

💡 Hint: Use Year 1 as your denominator for percentages.

Challenge and get performance evaluation