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2022 CFE-Financial-Transactions-and-Fraud-Schemes New APP Simulations - CFE-Financial-Transactions-and-Fraud-Schemes Latest Practice Materials
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NEW QUESTION 40
Which of the following ratios can be used to assess a company's ability to meet sudden cash requirements?

  • A. Debt-to-equity ratio
  • B. Asset turnover ratio
  • C. Quick ratio
  • D. Receivable turnover ratio

Answer: B

Explanation:
Explanation/Reference: https://www.investopedia.com/ask/answers/062215/what-are-financial-risk-ratios-and-how-are-they-used-measure-risk.asp

 

NEW QUESTION 41
The principal way to detect omitted credits from books of account is through:

  • A. Forced Balance
  • B. Trend analysis
  • C. None of all
  • D. Expense account

Answer: B

 

NEW QUESTION 42
If a construction developer submitted a draw request to a bank, which of the following would be most indicative of loan fraud?

  • A. Evidence of change orders
  • B. Lack of documented expenses from other similar contracts
  • C. Missing inspection reports
  • D. Including lien releases from subcontractors

Answer: C

 

NEW QUESTION 43
......

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