财务管理chapter3习题之欧阳科创编.docx
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财务管理chapter3习题之欧阳科创编.docx
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财务管理chapter3习题之欧阳科创编
Chapter03FinancialStatementsAnalysisandLong-TermPlanningAnswerKey MultipleChoiceQuestions1. Onekeyreasonalong-termfinancialplanisdevelopedisbecause:
A. theplandeterminesyourfinancialpolicy.B. theplandeterminesyourinvestmentpolicy.C. therearedirectconnectionsbetweenachievablecorporategrowthandthefinancialpolicy.D. thereisunlimitedgrowthpossibleinawell-developedfinancialplan.E. Noneoftheabove.
时间:
2021.02.05
创作:
欧阳科
Difficultylevel:
EasyTopic:
LONG-TERMPLANNINGType:
DEFINITIONS c
2. Projectedfuturefinancialstatementsarecalled:
A. plugstatements.B. proformastatements.C. reconciledstatements.D. aggregatedstatements.E. noneoftheabove.
Difficultylevel:
EasyTopic:
PROFORMASTATEMENTSType:
DEFINITIONS B3. Thepercentageofsalesmethod:
A. requiresthatallaccountsgrowatthesamerate.B. separatesaccountsthatvarywithsalesandthosethatdonotvarywithsales.C. allowstheanalysttocalculatehowmuchfinancingthefirmwillneedtosupportthepredictedsaleslevel.D. BothAandB.E. BothBandC.
Difficultylevel:
MediumTopic:
PERCENTAGEOFSALESType:
DEFINITIONS E
4. A_____standardizesitemsontheincomestatementandbalancesheetasapercentageoftotalsalesandtotalassets,respectively. A. taxreconciliationstatementB. statementofstandardizationC. statementofcashflowsD. common-baseyearstatementE. common-sizestatement
Difficultylevel:
EasyTopic:
COMMON-SIZESTATEMENTSType:
DEFINITIONS E
5. Relationshipsdeterminedfromafirm'sfinancialinformationandusedforcomparisonpurposesareknownas:
A. financialratios.B. comparisonstatements.C. dimensionalanalysis.D. scenarioanalysis.E. solvencyanalysis.
A
Difficultylevel:
EasyTopic:
FINANCIALRATIOSType:
DEFINITIONS
6. Financialratiosthatmeasureafirm'sabilitytopayitsbillsovertheshortrunwithoutunduestressareknownas_____ratios. A. assetmanagementB. long-termsolvencyC. short-termsolvencyD. profitabilityE. marketvalue
Difficultylevel:
EasyTopic:
SHORT-TERMSOLVENCYRATIOSType:
DEFINITIONS C
7. Thecurrentratioismeasuredas:
A. currentassetsminuscurrentliabilities.B. currentassetsdividedbycurrentliabilities.C. currentliabilitiesminusinventory,dividedbycurrentassets.D. cashonhanddividedbycurrentliabilities.E. currentliabilitiesdividedbycurrentassets.
Difficultylevel:
EasyTopic:
CURRENTRATIOType:
DEFINITIONS B
8. Thequickratioismeasuredas:
A. currentassetsdividedbycurrentliabilities.B. cashonhandpluscurrentliabilities,dividedbycurrentassets.C. currentliabilitiesdividedbycurrentassets,plusinventory.D. currentassetsminusinventory,dividedbycurrentliabilities.E. currentassetsminusinventoryminuscurrentliabilities.
Difficultylevel:
EasyTopic:
QUICKRATIOType:
DEFINITIONS D
9. Thecashratioismeasuredas:
A. currentassetsdividedbycurrentliabilities.B. currentassetsminuscashonhand,dividedbycurrentliabilities.C. currentliabilitiespluscurrentassets,dividedbycashonhand.D. cashonhandplusinventory,dividedbycurrentliabilities.E. cashonhanddividedbycurrentliabilities.
Difficultylevel:
MediumTopic:
CASHRATIOType:
DEFINITIONS E
10. Ratiosthatmeasureafirm'sfinancialleverageareknownas_____ratios. A. assetmanagementB. long-termsolvencyC. short-termsolvencyD. profitabilityE. marketvalue
Difficultylevel:
EasyTopic:
LONG-TERMSOLVENCYRATIOSType:
DEFINITIONS B
11. Thefinancialratiomeasuredastotalassetsminustotalequity,dividedbytotalassets,isthe:
A. totaldebtratio.B. equitymultiplier.C. debt-equityratio.D. currentratio.E. timesinterestearnedratio.
Difficultylevel:
EasyTopic:
TOTALDEBTRATIOType:
DEFINITIONS
A12. Thedebt-equityratioismeasuredastotal:
A. equityminustotaldebt.B. equitydividedbytotaldebt.C. debtdividedbytotalequity.D. debtplustotalequity.E. debtminustotalassets,dividedbytotalequity.
Difficultylevel:
EasyTopic:
DEBT-EQUITYRATIOType:
DEFINITIONS C
13. Theequitymultiplierratioismeasuredastotal:
A. equitydividedbytotalassets.B. equityplustotaldebt.C. assetsminustotalequity,dividedbytotalassets.D. assetsplustotalequity,dividedbytotaldebt.E. assetsdividedbytotalequity.
Difficultylevel:
MediumTopic:
EQUITYMULTIPLIERType:
DEFINITIONS 14. Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,dividedbyinterestexpenseisthe:
A. cashcoverageratio.B. debt-equityratio.C. timesinterestearnedratio.D. grossmargin.E. totaldebtratio.
Difficultylevel:
MediumTopic:
TIMESINTERESTEARNEDRATIOType:
DEFINITIONS
15. Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,plusdepreciation,dividedbyinterestexpense,isthe:
A. cashcoverageratio.B. debt-equityratio.C. timesinterestearnedratio.D. grossmargin.E. totaldebtratio.
Difficultylevel:
MediumTopic:
CASHCOVERAGERATIOType:
DEFINITIONS 16. Ratiosthatmeasurehowefficientlyafirmusesitsassetstogeneratesalesareknownas_____ratios. A. assetmanagementB. long-termsolvencyC. short-termsolvencyD. profitabilityE. marketvalue
Difficultylevel:
EasyTopic:
ASSETMANAGEMENTRATIOSType:
DEFINITIONS 17. Theinventoryturnoverratioismeasuredas:
A. totalsalesminusinventory.B. inventorytimestotalsales.C. costofgoodssolddividedbyinventory.D. inventorytimescostofgoodssold.E. inventorypluscostofgoodssold.
Difficultylevel:
MediumTopic:
INVENTORYTURNOVERType:
DEFINITIONS
18. Thefinancialratiodays'salesininventoryismeasuredas:
A. inventoryturnoverplus365days.B. inventorytimes365days.C. inventorypluscostofgoodssold,dividedby365days.D. 365daysdividedbytheinventory.E. 365daysdividedbytheinventoryturnover.
Difficultylevel:
MediumTopic:
DAYS'SALESININVENTORYType:
DEFINITIONS 19. Thereceivablesturnoverratioismeasuredas:
A. salesplusaccountsreceivable.B. salesdividedbyaccountsreceivable.C. salesminusaccountsreceivable,dividedbysales.D. accountsreceivabletimessales.E. accountsreceivabledividedbysales.
Difficultylevel:
MediumTopic:
RECEIVABLESTURNOVERType:
DEFINITIONS 20. Thefinancialratiodays'salesinreceivablesismeasuredas:
A. receivablesturnoverplus365days.B. accountsreceivabletimes365days.C. accountsreceivableplussales,dividedby365days.D. 365daysdividedbythereceivablesturnover.E. 365daysdividedbytheaccountsreceivable.
Difficultylevel:
MediumTopic:
DAYS'SALESINRECEIVABLESType:
DEFINITIONS
21. Thetotalassetturnoverratioismeasuredas:
A. salesminustotalassets.B. salesdividedbytotalassets.C. salestimestotalassets.D. totalassetsdividedbysales.E. totalassetsplussales.
Difficultylevel:
EasyTopic:
TOTALASSETTURNOVERType:
DEFINITIONS 22. Ratiosthatmeasurehowefficientlyafirm'smanagementusesitsassetsandequitytogeneratebottomlinenetincomeareknownas_____ratios. A. assetmanagementB. long-termsolvencyC. short-termsolvencyD. profitabilityE. marketvalue
Difficultylevel:
EasyTopic:
PROFITABILITYRATIOSType:
DEFINITIONS 23. Thefinancialratiomeasuredasnetincomedividedbysalesisknownasthefirm's:
A. profitmargin.B. returnonassets.C. returnonequity.D. assetturnover.E. earningsbeforeinterestandtaxes.
Difficultylevel:
EasyTopic:
PROFITMARGINType:
DEFINITIONS
24. Thefinancialratiomeasuredasnetincomedividedbytotalassetsisknownasthefirm's:
A. profitmargin.B. returnonassets.C. returnonequity.D. assetturnover.E. earningsbeforeinterestandtaxes.
Difficultylevel:
EasyTopic:
RETURNONASSETSType:
DEFINITIONS 25. Thefinancialratiomeasuredasnetincomedividedbytotalequityisknownasthefirm's:
A. profitmargin.B. returnonassets.C. returnonequity.D. assetturnover.E. earningsbeforeinterestandtaxes.
Difficultylevel:
EasyTopic:
RETURNONEQUITYType:
DEFINITIONS 26. Thefinancialratiomeasuredasthepricepershareofstockdividedbyearningspershareisknownasthe:
A. returnonassets.B. returnonequity.C. debt-equityratio.D. price-earningsratio.E. DuPontidentity.
Difficultylevel:
EasyTopic:
PRICE-EARNINGSRATIOType:
DEFINITIONS
27. Themarket-to-bookratioismeasuredas:
A. totalequitydividedbytotalassets.B. netincometimesmarketpricepershareofstock.C. netincomedividedbymarketpricepershareofstock.D. marketpricepershareofstockdividedbyearningspershare.E. marketvalueofequitypersharedividedbybookvalueofequitypershare.
Difficultylevel:
MediumTopic:
MARKET-TO-BOOKRATIOType:
DEFINITIONS 28. The_____breaksdownreturnonequityintothreecomponentparts. A. DuPontidentityB. returnonassetsC. statementofcashflowsD. assetturnoverratioE. equitymultiplier
Difficultylevel:
MediumTopic:
DUPONTIDENTITYType:
DEFINITIONS 29. TheExternalFundsNeeded(EFN)equationdoesnotmeasurethe:
A. additionalassetrequirementsgivenachangeinsales.B. additionaltotalliabilitiesraisedgiventhechangeinsales.C. rateofreturntoshareholdersgiventhechangeinsales.D. netincomeexpectedtobeearnedgiventhechangeinsales.E. Noneoftheabove.
Difficultylevel:
MediumTopic:
EXTERNALFUNDSNEEDEDType:
DEFINITIONS
30. Tocalculatesustainablegrowthratewithoutusingreturnonequity,theanalystneedsthe:
A. profitmargin.B. payoutratio.C. debt-to-equityratio.D. totalassetturnover.E. Alloftheabove.
Difficultylevel:
MediumTopic:
SUSTAINABLEGROWTHRATEType:
DEFINITIONS 31. Growthcanbereconciledwiththegoalofmaximizingfirmvalue:
A. becausegreatergrowthalwaysaddstovalue.B. becausegrowthmustbeanoutcomeofdecisionsthatmaximizeNPV.C. becausegrowthandwealthmaximizationarethesame.D. becausegrowthofanytypecannotdecreasevalue.E. Noneoftheabove.
Difficultyl
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