2019年CFA考试《CFA一级》考试共240题，分为单选题。小编为您整理Financial Statement Analysis5道练习题，附答案解析，供您备考练习。

1、Jack George, CFA, does research about financial leverage and gathers the followinginformation about a company (in millions):

If return on equity decreased over the same time period, the company's financialleverage most likely:【单选题】

A.decreased.

B.remained the same.

C.increased.

正确答案:A

答案解析:ROE = ROA × financial leverage。
2011：ROA = Net profit margin × Total asset turnover = 12.0% ×2 = 24.0%
2010：ROA = Net profit margin × Total asset turnover = 9.0% ×2.2 = 19.8%
从2010年到2011年，ROA在上升，而已知ROE在下降，因此财务杠杆（financial leverage）一定在下降。

1、The table below contains selected data from the common-size balance sheets for three different industries: utilities, financials and consumer discretionary products.

Which of the following statements is most accurate?【单选题】

A.Industry 1 is the utility industry and Industry 2 is the financial industry.

B.Industry 2 is the utility industry and Industry 3 is the consumer discretionary products industry.

C.Industry 1 is the consumer discretionary products industry and Industry 3 is the financial industry.

正确答案:B

答案解析:“Financial Analysis Techniques,” Thomas R. Robinson, CFA, Jan Hendrik van Greuning, CFA, R. Elaine Henry, CFA, and Michael A. Broihahn, CFA
2010 Modular Level 1, Vol.3, pp.308-316
“Understanding the Balance Sheet,” Thomas R. Robinson, CFA, Jan Hendrik van Greuning, CFA, R. Elaine Henry, CFA, and Michael A. Broihahn, CFA
2010 Modular Level 1, Vol.3, pp.234-237
Study Session: 8-33-h, 8-35-a
Interpret balance sheets and statements of changes in equity.
Evaluate and compare companies using ratio analysis, common-size financial statements, and charts in financial analysis.
The utility industry [2] has a large percentage of PPE and long term debt and low inventories; the consumer discretionary products industry [3] would have high inventories.

1、The following information is available on a company for the current year.

The company’s diluted EPS is closest to:【单选题】

A.$7.57.

B.$7.69.

C.$7.72.

正确答案:C

答案解析:"Understanding The Income Statement,” Thomas R. Robinson, CFA, Jan Hendrik van Greuning, CFA, Elaine Henry, CFA, and Michael A. Broihahn, CFA
2011 Modular Level I, Vol.3, pp.170-178
Study Session: 8-32-g, h
Describe the components of earnings per share and calculate a company’s earnings per share (both basic and diluted earnings per share) for both a simple and complex capital structure.
Differentiate between dilutive and antidilutive securities, and discuss the implications of each for the earnings per share calculation.
Since both the preferred shares and bonds are dilutive, they should both be converted to calculate the diluted EPS. Diluted EPS is the lowest value. $7.72 has calculated in the following table.

1、An analyst does research about the reported revenue of a company and gathers thefollowing information about a product:

Assume that the company bears no inventory risk for the product and uses net reportingof revenue, reported revenue of the product is closest to:【单选题】

A.$50

B.$90

C.$100

正确答案:C

答案解析:net reported revenue = revenue - cost of goods sold = $140 - $40 = $100。

1、An entry made to record an accrual, such as bad debt expense, that is not yet reflected in the accounting system is best described as a(n):【单选题】

A.adjusting entry.

B.trial balance entry.

C.ledger entry.

正确答案:A

答案解析:Adjusting entries are a type of journal entries typically made at the end of the accounting period to record such items as accruals that are not yet reflected in the accounting system.
2014 CFA Level I
“Financial Reporting Mechanics,” by Thomas R. Robinson, Jan Hendrik van Greuning, Karen O'Connor Rubsam, Elaine Henry, and Michael A. Broihahn
Section 5.1