NOTE: CHOOSE THE CORRECT ANSWER OUT OF THE GIVEN FOURCHOICES FOR EACH QUESTION AND GIVE JUSTIFICATION OF 300WORDS OF EACH MULTIPULE.1reflects the operating efficiency of a company during an accountingperiod.a Balance Sheetb Income Statementc Cash Flow statementd Cost of Goods Sold2. In finance, we refer to the market for short-term government and corporate debtsecurities as the __________ market.abcdMoneyCapitalPrimarySecondary3. A company reported net income of Rs.120,000 during 2004-05. During that period thecompany reported total assets of Rs.1,000,000. What would be the Return on Assets (ROA)of the company?a. 12%b. 0.12%c. 120%d. 1204. The future value of a bank deposit of Rs. 100,000 after 5 years would beinterest rate is 12% and is compounded semiannually.a. more than Rs 100,000b. Less than Rs 100,000c. Equal to Rs 100,000d. Impossible to calculate future value of the deposit.5.represent ownership of a person in a company.a. Common Stocksb. Debenturesc. Mortgage bondsd. Accounts payable6. If the number of outstanding common shares of a company decreases, its EPSif the.a. Fallsb. Risesc. Remains unchangedd. None of the above.7. Financial Accounting deals with Book Value (historical cost minus accumulateddepreciation) whereas Financial Get research paper samples and course-specific study resources under   homework for you course hero writing service – Manage ment focuses on _______________.a. Market Valueb. Fixed costc. Historic costd. Accumulated depreciation8. Economic Value Added for a firm is obtained by subtracting cost of capital from.a. Operating Costb. Operating profitc. Net incomed. Revenue9. Which group of ratios measures a firm’s ability to meet its short-term obligations?a Debt ratiosb Liquidity ratiosc Coverage ratiosd Profitability10. Which of the following is not a cash outflow for a firm?a. Depreciationb. Dividendsc. Interest paymentsd. Taxes

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