Answer:
What I know
Let us find out what do you already know?
Direction: Multiple Choice. Choose the letter of the correct answer and write it on a separate paper
1. It represents the financing that owners, whether private or public, put into the business
Assets
c. Owner's Equity
b. Liabilities
d. Income Statement
2. It provides detailed insights into how a company used its cash during an accounting period
Cash Flow Statement
c. Balance Sheet
b Income Statement
d Liabilities
3. It shows your business's overall ability to turn income into profit.
a. Profit Margin
c. Gross Profit Margin
b. Net Profit Margin
d. Operating Profit Margin
4. It takes into account all overhead, operating, administrative, and sales expenses necessary for
day-to-day business operations
Profit Margin
c. Gross Profit Margin
b. Net Profit Margin
d Operating Profit Margin
5. It shows a company's financial position and performance over a period.
a Income Statement
c. Owner's Equity
c. Liabilities
d. Asset