Questão 1
Questão
The assets on the balance sheet produce the income of the firm.
Questão 2
Questão
In common-sized financial statements each item is expressed as either a percentage of total assets or total liabilities.
Questão 3
Questão
The greater the debt ratio, the less risky a firm is.
Questão 4
Questão
In general, a firm's inventory is its most liquid possession.
Questão 5
Questão
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.
Questão 6
Questão
When ratios of differing years are being compared, inflation should be taken into consideration.
Questão 7
Questão
If the net working capital is negative, current liabilities exceed current assets.
Questão 8
Questão
The accounts receivable turnover ratio is often called the days sales in receivables.
Questão 9
Questão
A P/E ratio of 30 indicates that investors are willing to pay $30 for each $1 of earnings.
Questão 10
Questão
When referring to ratio comparisons, time-series analysis compares a firm to that (word?) industry leader.
Questão 11
Questão
The liquidity of a business firm refers to the solvency of the firm's overall financial position.
Questão 12
Questão
Total assets turnover commonly measures the liquidity of a firm's total assets.
Questão 13
Questão
The less fixed-cost debt, or financial leverage, a firm uses, the greater will be its risk and return.
Questão 14
Questão
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.
Questão 15
Questão
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.
Questão 16
Questão
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?
Questão 17
Questão
A firm's fixed assets are termed as its ________ assets.
Responda
-
a) earning
-
b) equity
-
c) short-term
-
d) variable
Questão 18
Questão
_______________ refers to the solvency of the firm's overall financial position, the ease with which it can pay bills.
Responda
-
a) Coverage
-
b) Leverage
-
c) Liquidity
-
d) Turnover
Questão 19
Questão
_________ ratios measure the ability to convert assets to cash
Responda
-
a) Liquidity
-
b) Management
-
c) Profitability
-
d) Activity
Questão 20
Questão
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?
Responda
-
a) $5.20
-
b) $3.12
-
c) $2.08
-
d) $3.25
Questão 21
Questão
The _________ ratio measures the firm's ability to meet interest payments.
Responda
-
a) times interest earned
-
b) debt ratio
-
c) debt-equity
-
d) quick ratio
Questão 22
Questão
Sales are $3 million and total asset turner is 1.70. What are the firm's total assets?
Responda
-
a) $2,500,000
-
b) $2,142,857
-
c) $1,764,706
-
d) $1,875,000
Questão 23
Questão
The Du Pont Analysis allows firms to break their return on equity down into all of the following except:
Questão 24
Questão
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?
Responda
-
a) 3.39
-
b) 4.18
-
c) .90
-
d) 5.08
Questão 25
Questão
All of the following should be used to analyze a firm except:
Responda
-
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
Questão 26
Questão
Ratio provide a ________ measure of a company's performance and condition.
Responda
-
a) definitive
-
b) gross
-
c) relative
-
d) qualitative
Questão 27
Questão
Pne means to negate the effect of inflation on ratio analysis is to value the fixed assets at:
Responda
-
a) book value
-
b) liquidation value
-
c) replacement value
-
d) depreciation
Questão 28
Questão
The _________ ratio provides the information critical to the long-run operation of the firm.
Responda
-
a) liquidity
-
b) activity
-
c) debt
-
d) profitability
Questão 29
Questão
A decrease in total asset turnover will result in _____________ in the return on equity.
Questão 30
Questão
______________ is used by financial managers as a structure of dissecting the firm's financial statements to assess its financial condition.
Responda
-
a) Statement of Cash Flow
-
b) Common-size income statement
-
c) The Du Pont system of analysis
-
d) Cross-sectional analysis