版习题集 Financial_Statement_Analysis_11th_Edition_by_K._R._Subramanyam(Test_Bank).docx
- 文档编号:320851
- 上传时间:2022-10-08
- 格式:DOCX
- 页数:721
- 大小:14.60MB
版习题集 Financial_Statement_Analysis_11th_Edition_by_K._R._Subramanyam(Test_Bank).docx
《版习题集 Financial_Statement_Analysis_11th_Edition_by_K._R._Subramanyam(Test_Bank).docx》由会员分享,可在线阅读,更多相关《版习题集 Financial_Statement_Analysis_11th_Edition_by_K._R._Subramanyam(Test_Bank).docx(721页珍藏版)》请在冰豆网上搜索。
Chapter01OverviewofFinancialStatementAnalysis
MultipleChoiceQuestions
1.Whichofthefollowingislikelytobethemostinformativesourceifyouwereinterestedinacompany'sbusinessplanorstrategy?
A.Auditor'sletter
B.Managementdiscussionandanalysis
C.Proxystatement
D.Footnotes
2.Whichofthefollowingwouldnotbeconsideredasourceoffinancing?
A.Notesreceivable
B.Commonstockholders'equity
C.Retainedearnings
D.Debentures
1-721
Copyright©2014McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
3.WilcoCompanyreportsthefollowing:
Dividendpayoutratiofor2005was:
A.27%.
B.12%.
C.22.2%.
D.Notdeterminable
4.Ifacompanyreceivesanunqualifiedauditopinionitmeanstheauditors:
A.didnotcompleteafullauditandthereforedonotfeelqualifiedtogiveanopiniononfinancialstatements.
B.areprovidingassurancethatthecompanywillremainfinanciallyviableforatleastthenextyear.
C.areprovidingassurancethatthecompany'sfinancialstatementsfairlypresentcompany'sfinancialperformanceandposition.
D.areprovidingassurancethatthecompany'sfinancialstatementsarefreefrommisstatement,fraudulentaccountingandfairlyindicatefutureperformance.
5.TheManagementDiscussionandAnalysisSectionofanannualreport:
A.isrequiredbytheSEC.
B.isoptionalbutnormallyincludedintheannualreport.
C.isrequiredbytheSEConlyifthecompanyhassufferedfromunfavorabletrendsortherearesignificantuncertaintyconcerningliquidityofthecompany.
D.isrequiredbytheSEConlyiftheyhaveaqualifiedauditopinion.
Youareanalyzingalargestablecompany.Fortheyearending12/31/05thecompanyreportedearningsof$58,900andbookvalueattheendof2005was$371,700.Youexpectearningstogrowat5%ayearinperpetuity,andthedividendpayoutratioof70%tocontinue.Thecompanyborrowsat8%,andhasacostofequityof12%.Thecompanyhas25,000sharesoutstanding.
6.Whatisyourestimateofpricepershareusingthedividenddiscountmodelat12/31/05?
A.$20.62
B.$21.65
C.$23.56
D.$24.74
7.Whatisyourestimateofpriceusingtheresidualincomevaluationmodelat12/31/05?
A.$20.62
B.$21.65
C.$23.56
D.$24.72
8.Whichofthefollowingisnotacommontoolusedinfinancialstatementanalysis?
A.Randomwalkanalysis
B.Ratioanalysis
C.Common-sizestatementanalysis
D.Creditanalysis
9.Acommon-sizeincomestatementwouldtypicallybepreparedbydividing:
A.allitemsonincomestatementinYeartbytheircorrespondingvalueinYeart-1.
B.allitemsonincomestatementinYeartbytheircorrespondingbalancesheetaccountsinYear
t.
C.allitemsonincomestatementinYeartbynetincomeinYeart-1.
D.allitemsonincomestatementinYeartbysalesinYeart.
10.Whenconductingcomparativeanalysisbyreviewingconsecutivebalancesheets:
A.allitemsonthebalancesheetinYeartmustbedividedbytheircorrespondingvalueinYeart-1
andsubtract1tocalculatethepercentagechange.
B.allitemsonthebalancesheetinYeart-1mustbesubtractedfromtheircorrespondingvalueinYearttocalculatethedollarchange.
C.allitemsonthebalancesheetinYeartmustbedividedbynetincomeinYeart-1tocalculatethepercentagechange.
D.BothAandBarecorrect.
YouhavepreparedatrendseriesforCompanyXYZforthreeyears,2004-2006inclusive,using2004asthebaseyear.Belowareselecteddata.
11.Fromtheaboveinformation,youcaninferthat:
A.rateofsalesgrowthhasdecreased.
B.netincometosales(returnonsales)isincreasingovertime.
C.assetturnoverisdecreasingovertime.
D.Noneoftheabove
12.Whichofthefollowingstatementsisincorrect?
A.Netincomein2006increasedby29.29%comparedto2004.
B.XYZ'snetincometosales(returnonsales)ishigherin2006ascomparedto2004.
C.XYZ'snetincometosales(returnonsales)islowerin2005ascomparedto2004.
D.Assetshaveincreasedovertime.
13.Whiledeterminingthemostprofitablecompanyfromthegivennumberofcompanies,whichofthefollowingwouldbethebestindicatorofrelativeprofitability?
A.Highestnetincome
B.Highestretainedearnings
C.Highestreturnonequity
D.Highestoperatingmargin
14.Whichofthefollowingstatementsconcerningfinancialratiosisincorrect?
A.Accountingprinciplesandmethodsusedbyacompanywillnotaffectfinancialratios.
B.Theinformationalvalueofaratioinisolationislimited.
C.Aratioisonenumberexpressedasapercentageorfractionofanothernumber.
D.Calculationoffinancialratiosisnotsufficientforacompletefinancialanalysisofacompany.
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 版习题集 Financial_Statement_Analysis_11th_Edition_by_K._R._SubramanyamTest_Bank 习题集 Financial_St
![提示](https://static.bdocx.com/images/bang_tan.gif)
链接地址:https://www.bdocx.com/doc/320851.html