3580340
Descripción
Test por rainierdeocampo, actualizado hace más de 1 año
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Creado por rainierdeocampo
hace casi 9 años
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Pregunta 1
Pregunta
The assets on the balance sheet produce the income of the firm.
Respuesta
- True
- False
Pregunta 2
Pregunta
In common-sized financial statements each item is expressed as either a percentage of total assets or total liabilities.
Respuesta
- True
- False
Pregunta 3
Pregunta
The greater the debt ratio, the less risky a firm is.
Respuesta
- True
- False
Pregunta 4
Pregunta
In general, a firm's inventory is its most liquid possession.
Respuesta
- True
- False
Pregunta 5
Pregunta
Gary's Garage has an inventory turnover ratio that is twice the industry's ratio. It is safe to assume Gary's Garage is a profitable firm.
Respuesta
- True
- False
Pregunta 6
Pregunta
When ratios of differing years are being compared, inflation should be taken into consideration.
Respuesta
- True
- False
Pregunta 7
Pregunta
If the net working capital is negative, current liabilities exceed current assets.
Respuesta
- True
- False
Pregunta 8
Pregunta
The accounts receivable turnover ratio is often called the days sales in receivables.
Respuesta
- True
- False
Pregunta 9
Pregunta
A P/E ratio of 30 indicates that investors are willing to pay $30 for each $1 of earnings.
Respuesta
- True
- False
Pregunta 10
Pregunta
When referring to ratio comparisons, time-series analysis compares a firm to that (word?) industry leader.
Respuesta
- True
- False
Pregunta 11
Pregunta
The liquidity of a business firm refers to the solvency of the firm's overall financial position.
Respuesta
- True
- False
Pregunta 12
Pregunta
Total assets turnover commonly measures the liquidity of a firm's total assets.
Respuesta
- True
- False
Pregunta 13
Pregunta
The less fixed-cost debt, or financial leverage, a firm uses, the greater will be its risk and return.
Respuesta
- True
- False
Pregunta 14
Pregunta
The average age of inventory is viewed as the average length of time inventory is held by the firm or as the average number of days' sales inventory.
Respuesta
- True
- False
Pregunta 15
Pregunta
Both present and prospective shareholders are intersected in the firm's current and future level of risk and return. These two dimensions directly affect share price.
Respuesta
- True
- False
Pregunta 16
Pregunta
If Lacey Corporation has total shares of $750,000, one-half of which are credit sales. If the balance sheet reports accounts receivable of $52,369, what is Lacey's average collection period?
Respuesta
-
a) 50 days
-
b) 35 days
-
c) 182 days
-
d) not enough information
Pregunta 17
Pregunta
A firm's fixed assets are termed as its ________ assets.
Respuesta
-
a) earning
-
b) equity
-
c) short-term
-
d) variable
Pregunta 18
Pregunta
_______________ refers to the solvency of the firm's overall financial position, the ease with which it can pay bills.
Respuesta
-
a) Coverage
-
b) Leverage
-
c) Liquidity
-
d) Turnover
Pregunta 19
Pregunta
_________ ratios measure the ability to convert assets to cash
Respuesta
-
a) Liquidity
-
b) Management
-
c) Profitability
-
d) Activity
Pregunta 20
Pregunta
Terry's Tire Company has earnings before taxes of $1.43 million. It has 275,000 of common stock outstanding. The tax rate is 40$. What is Terry's EPS?
Respuesta
-
a) $5.20
-
b) $3.12
-
c) $2.08
-
d) $3.25
Pregunta 21
Pregunta
The _________ ratio measures the firm's ability to meet interest payments.
Respuesta
-
a) times interest earned
-
b) debt ratio
-
c) debt-equity
-
d) quick ratio
Pregunta 22
Pregunta
Sales are $3 million and total asset turner is 1.70. What are the firm's total assets?
Respuesta
-
a) $2,500,000
-
b) $2,142,857
-
c) $1,764,706
-
d) $1,875,000
Pregunta 23
Pregunta
The Du Pont Analysis allows firms to break their return on equity down into all of the following except:
Respuesta
-
a) use of leverage
-
b) inventory usage
-
c) efficiency of asset usage
-
d) net profit in sales
Pregunta 24
Pregunta
In 1998, sales were $363,000 with a gross margin of $64,000. On January 1, the firm had $107,000 in inventory and $36,000 on December 31. What is the firm's inventory turnover?
Respuesta
-
a) 3.39
-
b) 4.18
-
c) .90
-
d) 5.08
Pregunta 25
Pregunta
All of the following should be used to analyze a firm except:
Respuesta
-
a) Perform a trend analysis
-
b) Analyze a firm's ratios with competitors
-
c) Perform a terminal cash flow
-
d) Analyze a firm's strengths and weaknesses
Pregunta 26
Pregunta
Ratio provide a ________ measure of a company's performance and condition.
Respuesta
-
a) definitive
-
b) gross
-
c) relative
-
d) qualitative
Pregunta 27
Pregunta
Pne means to negate the effect of inflation on ratio analysis is to value the fixed assets at:
Respuesta
-
a) book value
-
b) liquidation value
-
c) replacement value
-
d) depreciation
Pregunta 28
Pregunta
The _________ ratio provides the information critical to the long-run operation of the firm.
Respuesta
-
a) liquidity
-
b) activity
-
c) debt
-
d) profitability
Pregunta 29
Pregunta
A decrease in total asset turnover will result in _____________ in the return on equity.
Respuesta
-
a) an increase
-
b) no change
-
c) a decrease
-
d) an undetermined change
Pregunta 30
Pregunta
______________ is used by financial managers as a structure of dissecting the firm's financial statements to assess its financial condition.
Respuesta
-
a) Statement of Cash Flow
-
b) Common-size income statement
-
c) The Du Pont system of analysis
-
d) Cross-sectional analysis
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