# экзамен 3

Задание №1 | Other things held constant, which of the following will not affect the current ratio, assuming an initial current ratio greater than 1.0? |

Верный | Accounts receivable are collected |

Задание №2 | Other things held constant, which of the following will not affect the quick ratio? (Assume that current assets equal current liabilities.) |

Верный | Accounts receivable are collected |

Задание №3 | Company J and Company K each recently reported the same earnings per share (EPS). Company J’s stock, however, trades at a higher price. Which of the following statements is most correct? |

Верный | Company J must have a higher P/E ratio. |

Задание №4 | Stennett Corp.’s CFO has proposed that the company issue new debt and use the proceeds to buy back common stock. Which of the following are likely to occur if this proposal is adopted? (Assume that the proposal would have no effect on the company’s operating earnings.) |

Верный | Statements B and C are correct |

Задание №5 | Russell Securities has $100 million in total assets and its corporate tax rate is 40 percent. The company recently reported that its basic earning power (BEP) ratio was 15 percent and that its return on assets (ROA) was 9 percent. What was the company’s interest expense? |

Верный | $ 0 |

Задание №6 | A firm has a profit margin of 15 percent on sales of $20,000,000. If the firm has debt of $7,500,000, total assets of $22,500,000, and an after-tax interest cost on total debt of 5 percent, what is the firm’s ROA? |

Верный | 13.3% |

Задание №7 | Tapley Dental Supply Company has the following data: Net income: $240 Sales: $10,000 Total assets: $6,000 Debt ratio: 75% TIE ratio: 2.0 Current ratio: 1.2 BEP ratio: 13.33% If Tapley could streamline operations, cut operating costs, and raise net income to $300, without affecting sales or the balance sheet (the additional profits will be paid out as dividends), by how much would its ROE increase? |

Верный | 4.00% |

Задание №8 | Five areas that financial ratios concentrate on are: |

Верный | liquidity, profitability, debt, efficiency, market related |

Задание №9 | Ratios that measure the ability of the company to pay its short-term debts are called: |

Верный | liquidity ratios |

Задание №10 | Current assets divided by current liabilities is the definition of the: |

Верный | current ratio |

Задание №11 | The quick ratio is defined as: |

Верный | current assets less inventory, divided by current liabilities |

Задание №12 | Return on sales, return on assets and return on equity are examples of: |

Верный | profitability ratios |

Задание №13 | Return on assets is defined as: |

Верный | operating income divided by total assets |

Задание №14 | Net income divided by shareholders’ equity is the definition of: |

Верный | return on equity |

Задание №15 | The debt to equity ratio measures |

Верный | the relative proportions of debt and equity in the capital structure |

Задание №16 | The interest cover ratio measures: |

Верный | the relationship between interest and profit |

Задание №17 | Total asset turnover, receivables turnover and inventory turnover ratios measure: |

Верный | Efficiency |

Задание №18 | The receivables turnover ratio is defined as: |

Верный | sales divided by receivables |

Задание №19 | To measure the efficiency with which inventory is used the following ratio should be used: |

Верный | inventory holding period, inventory turnover ratio |

Задание №20 | Earnings per share is affected by: |

Верный | number of shares, net income |

Задание №21 | The price to earnings ratio measures: |

Верный | the public’s perception of the company |

Задание №22 | The dividend cover ratio is defined as: |

Верный | net income divided by dividend |

Задание №23 | A company has a total asset turnover of 2 and sales of $500,000. What is the company’s total assets? |

Верный | $250,000 |

Задание №24 | Given the following information, calculate the company’s long-term debt.
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Верный | $90,000 |

Задание №25 | Which of the following statements is not required by the SEC for publicly traded firms? |

Верный | the statement of cost of goods sold |

Задание №26 | The balance sheet entry that represents the cumulative total of the earnings that a firm has reinvested since its inception is |

Верный | retained earnings |

Задание №27 | Which of the following is not a common tool used in financial statement analysis? |

Верный | Random walk analysis |

Задание №28 | The effect of an increase in a firm’s accounts payable during the year, assuming that the current asset portion of the balance sheet remains the same, is |

Верный | an inflow of cash |

Задание №29 | What is the financial ratio that measures the price per share of stock divided by earnings per share? |

Верный | Price-earnings ratio |

Задание №30 | While determining the most profitable company from the given number of companies, which of the following would be the best indicator of relative profitability? |

Верный | Highest return on equity |

Задание №31 | Which of the following statements concerning financial ratios is incorrect? |

Верный | Accounting principles and methods used by a company will not affect financial ratios |

Задание №32 | Which of the following ratios is not generally considered to be helpful in assessing short-term liquidity? |

Верный | Days goodwill held |

Задание №33 | Liquidity of a company is generally defined as a measure of: |

Верный | the ability to pay current liabilities |

Задание №34 | Which of the following statements is correct? |

Верный | The more efficiently a company utilizes its assets, the greater its return on investment, all other things being equal |

Задание №35 | Which of the following statistics would be the most useful in determining the efficiency of a car rental company? |

Верный | Number of days cars are rented as a percentage of number of days available for rent |

Задание №36 | Which of the following ratios does not relate to market price of a company under analysis? |

Верный | Return on common equity |

Задание №37 | Which of the following ratios would be considered useful in assessing operating profitability? |

Верный | Gross profit margin |

Задание №38 | Which of the following statements regarding the intrinsic value of a company is correct? |

Верный | It can be calculated as book value plus the present value of future expected residual income, discounted at the cost of equity capital |

Задание №39 | Which of the following statements is incorrect? |

Верный | Equity investors have unlimited downside exposure if the company declares bankruptcy |

Задание №40 | You wish to compare the performance of two companies. Which of the following statements is most likely to be incorrect? |

Верный | If companies have different auditors, this will hinder comparability |

Задание №41 | In order to identify the amount of funds that a firm borrowed during the preceding year, what section is the best source within the Statement of Cash Flows? |

Верный | financing flows |

Задание №42 | Which of the following items can be found on an income statement? |

Верный | Sales |

Задание №43 | If you only knew a company’s total assets and total debt, which item could you easily calculate? |

Верный | Total equity |

Задание №44 | How do we calculate a company’s operating cash flow? |

Верный | EBIT — taxes + depreciation |

Задание №45 | Holding all other things constant, which of the following represents a cash outflow? |

Верный | The company acquires inventory |

Задание №46 | What ratio measures the ability of the firm to satisfy its short term obligations as they come due? |

Верный | Current ratio |

Задание №47 | If you are looking to review a firm’s sources and uses of cash flows over the year, the easiest place to find that information is |

Верный | the Statement of Cash Flows ## Страницы: Первая | 1 | 2 | 3 | ... | Вперед → | Последняя | Весь текст |