CFI CBCA Core Final Exam Newest 2025/2026 Actual Exam
CFI CBCA CORE FINAL EXAM NEWEST 2025/2026 ACTUAL
EXAM COMPLETE ALL 200 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
What are the 4 types of audit opinions? - ANSWER-Adverse, unqualified, qualified,
and disclaimer of opinion
Which of the following statements regarding a review engagement is false? -
ANSWER-A review engagement is used for financial statements prepared for
internal use
Select the following key lending ratios used to evaluate the financial capacity of a
business (select all that apply). - ANSWER-Debt to equity ratio; Working capital
ratio
Which of the following tools is NOT used to analyze a company? - ANSWER-
Porter's five forces
Which of the following tools are used to analyze a company? - ANSWER-Firm
lifecycle, Ansoff's matrix, SWOT analysis
In assessing the PESTEL factors, consumer disposable income is an example of: -
ANSWER-Economic factors
Read the following passage and determine which of the PESTEL factors the
described business is facing:
1|Page
, CFI CBCA Core Final Exam Newest 2025/2026 Actual Exam
Fresh and Co. is a local grocery store operating in a small town in Seattle since
2010. The store sells fresh vegetables, fruits, meat, dairy, and other packaged
products. In recent years, people in the neighborhood have shown increasing
demand for organic farm products. In response, many other grocery stores and
supermarkets have started selling organic vegetables and fruits grown by local US
farmers. - ANSWER-Social factors
Read the following passage and determine which of the PESTEL factors the
described business is facing:
Mountain Transportation is a trucking company that provides in-door deliveries of
electronic products purchased through large consumer electronics retailers in the
US. Shawn, a truck driver at Mountain Transportation, has filed a lawsuit with the
company regarding a violation of the Hours of Service regulations for commercial
drivers. Shawn claims that he has been forced to work over 70 hours for the past
couple weeks, due to a high volume of customer orders. According to the Hours of
Service regulations, all commercial drivers may not drive after 60 hours on duty in
7 consecutive days and may only restart after taking 34 or more consecutive hours
off duty.
(Source: https://www.fmcsa.dot.gov/regulations/hours-service/summary-hours-
service-regulations) - ANSWER-Legal factors
What is the main goal of using business writing fundamentals? - ANSWER-To
reduce mental effort
Which of the following statements describes a "Capacity" strength or weakness
for a company in the 5 Cs of credit framework? - ANSWER-The net profit margin
ratio is high.
2|Page
, CFI CBCA Core Final Exam Newest 2025/2026 Actual Exam
Which of the following statements describes a "Condition" strength or weakness
for a company in the 5 Cs of credit framework? - ANSWER-The risks associated
with the industry are high.
Which of the following scenarios would NOT be considered a strength when
assessing the management team as part of evaluating a company's character? -
ANSWER-Financial reports are not widely shared and performance measures have
not been identified.
Which of the following ratios most likely indicates strong "Capacity" for a
company? - ANSWER-High asset turnover ratio
Select the correct formula to calculate the operating margin ratio. - ANSWER-
Operating Margin Ratio = EBIT / Revenue
Select the correct formula to calculate the inventory turnover ratio. - ANSWER-
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
Which of the following most likely indicates strong "Capital" for a company? -
ANSWER-Unutilized lines of credit or loans
Which of the following statements on collateral is NOT correct? - ANSWER-
Collateral can be used as the main determinant of a credit decision.
Which of the following tools or methods is used to assess the general business
environment? - ANSWER-PEST analysis
3|Page
, CFI CBCA Core Final Exam Newest 2025/2026 Actual Exam
Select the loan contract with the lowest risk. - ANSWER-A demand loan with
monthly payments secured by assets
Which is not one of the three main financial statements? - ANSWER-Statement of
equity
What does the balance sheet indicate? - ANSWER-The financial strength of the
business
Financing activities - ANSWER-Issuing shares and bonds
Operating activities - ANSWER-Payments to suppliers; Depreciation and
amortization expense
Investing activities - ANSWER-Buying and selling equipment
Which is not a section in the financial statement note disclosures? - ANSWER-
Management discussion and analysis
Balance Sheet - ANSWER-Retained earnings; Share captial
Income Statement - ANSWER-Rent expense
4|Page
CFI CBCA CORE FINAL EXAM NEWEST 2025/2026 ACTUAL
EXAM COMPLETE ALL 200 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
What are the 4 types of audit opinions? - ANSWER-Adverse, unqualified, qualified,
and disclaimer of opinion
Which of the following statements regarding a review engagement is false? -
ANSWER-A review engagement is used for financial statements prepared for
internal use
Select the following key lending ratios used to evaluate the financial capacity of a
business (select all that apply). - ANSWER-Debt to equity ratio; Working capital
ratio
Which of the following tools is NOT used to analyze a company? - ANSWER-
Porter's five forces
Which of the following tools are used to analyze a company? - ANSWER-Firm
lifecycle, Ansoff's matrix, SWOT analysis
In assessing the PESTEL factors, consumer disposable income is an example of: -
ANSWER-Economic factors
Read the following passage and determine which of the PESTEL factors the
described business is facing:
1|Page
, CFI CBCA Core Final Exam Newest 2025/2026 Actual Exam
Fresh and Co. is a local grocery store operating in a small town in Seattle since
2010. The store sells fresh vegetables, fruits, meat, dairy, and other packaged
products. In recent years, people in the neighborhood have shown increasing
demand for organic farm products. In response, many other grocery stores and
supermarkets have started selling organic vegetables and fruits grown by local US
farmers. - ANSWER-Social factors
Read the following passage and determine which of the PESTEL factors the
described business is facing:
Mountain Transportation is a trucking company that provides in-door deliveries of
electronic products purchased through large consumer electronics retailers in the
US. Shawn, a truck driver at Mountain Transportation, has filed a lawsuit with the
company regarding a violation of the Hours of Service regulations for commercial
drivers. Shawn claims that he has been forced to work over 70 hours for the past
couple weeks, due to a high volume of customer orders. According to the Hours of
Service regulations, all commercial drivers may not drive after 60 hours on duty in
7 consecutive days and may only restart after taking 34 or more consecutive hours
off duty.
(Source: https://www.fmcsa.dot.gov/regulations/hours-service/summary-hours-
service-regulations) - ANSWER-Legal factors
What is the main goal of using business writing fundamentals? - ANSWER-To
reduce mental effort
Which of the following statements describes a "Capacity" strength or weakness
for a company in the 5 Cs of credit framework? - ANSWER-The net profit margin
ratio is high.
2|Page
, CFI CBCA Core Final Exam Newest 2025/2026 Actual Exam
Which of the following statements describes a "Condition" strength or weakness
for a company in the 5 Cs of credit framework? - ANSWER-The risks associated
with the industry are high.
Which of the following scenarios would NOT be considered a strength when
assessing the management team as part of evaluating a company's character? -
ANSWER-Financial reports are not widely shared and performance measures have
not been identified.
Which of the following ratios most likely indicates strong "Capacity" for a
company? - ANSWER-High asset turnover ratio
Select the correct formula to calculate the operating margin ratio. - ANSWER-
Operating Margin Ratio = EBIT / Revenue
Select the correct formula to calculate the inventory turnover ratio. - ANSWER-
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
Which of the following most likely indicates strong "Capital" for a company? -
ANSWER-Unutilized lines of credit or loans
Which of the following statements on collateral is NOT correct? - ANSWER-
Collateral can be used as the main determinant of a credit decision.
Which of the following tools or methods is used to assess the general business
environment? - ANSWER-PEST analysis
3|Page
, CFI CBCA Core Final Exam Newest 2025/2026 Actual Exam
Select the loan contract with the lowest risk. - ANSWER-A demand loan with
monthly payments secured by assets
Which is not one of the three main financial statements? - ANSWER-Statement of
equity
What does the balance sheet indicate? - ANSWER-The financial strength of the
business
Financing activities - ANSWER-Issuing shares and bonds
Operating activities - ANSWER-Payments to suppliers; Depreciation and
amortization expense
Investing activities - ANSWER-Buying and selling equipment
Which is not a section in the financial statement note disclosures? - ANSWER-
Management discussion and analysis
Balance Sheet - ANSWER-Retained earnings; Share captial
Income Statement - ANSWER-Rent expense
4|Page
