A new test of Advanced Placement Physics, explicitly designed to balance both content and cognitive-processing skills, was developed using Sternberg's theory of successful intelligence. The test was administered to 281 AP Physics students from 10 schools during the 2006-2007 school year. Six empirically distinguishable profiles of strengths and weaknesses emerged from an exploratory Q-type factor analysis across the four cognitive-skill areas assessed (i.e., memory, analytical, creative, and practical skills). These profiles replicated those found in previous research in the domains of AP Psychology and AP Statistics. Furthermore, achievement differences between ethnic groups on various cognitive subscales were reduced as compared with traditional estimates. The results provide evidence of the importance of integrating modern theories of cognitive processing into large-scale assessments.