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41.

Finance is concerned with:

A.	Arrangement of funds	B.	Identification of sources of funds
C.	Recording utilisation of funds	D.	All of the above

42.

Current Ratio is the ratio of:

A.	Current assets to current liabilities	B.	Current liabilities to current assets
C.	Fixed assets to total liabilities	D.	Current assets to total liabilities

43.

Debt Equity Ratio refers to the ratio of:

A.	Debtors to equity share capital	B.	Long term debt to shareholders' equity
C.	Total debt to equity share capital	D.	Long term debt to equity share capital

44.

Trading on eqrity' means:

A.	Use of equity share capital for trade financing	B.	Use of fixed-interest borrowed funds for getting a higher return on equity
C.	Having no borrowed funds	D.	Trading in equity share capital

45.

Cost of goods sold refers to:

A.	Sales minus gross profits	B.	Sales minus profits
C.	Cost of materials, labour and overheads	D.	None of the above

46.

In the pay back period method of capital budgeting, investment is divided by:

A.	Annual profits	B.	Return on investment
C.	Constant annual cash flow	D.	Cumulative cash flow

47.

The relationship between EBIT and EPS gives:

A.	Operating leverage	B.	Financial leverage
C.	Nornal leverage	D.	Composite leverage

48.

Break-even-point is a situation where:

A.	Profits are negative	B.	There is no profit no loss
C.	Profits-Costs	D.	Business is at the point of dissolution

49.

Under-capitalisation refers to a situation where:

A.	The capital base is larger for the earnings made	B.	The capital base does not justify the amount of earnings made and needs to be enhanced
C.	The capital base justifies the earnings made	D.	The earnings ratio of the company equals the industry's earnings ratio

50.

A schedule of balances drawn from the ledger is called:

A.	A trial balance	B.	A balance sheet
C.	A profit and loss account	D.	A statement of account