羅斯公司理財Chap003全英文題庫及答案

式--可編輯--專業(yè)資料-----StatementsandLong-TermAnswerKeyMultipleQuestionskeyalong-termfinancialplanisbecause:determinesyourfinancialpolicy.theplanyourpolicy.connectionsachievableandfinancialpolicy.unlimitedpossibleinfinancialE.Noneabove.level:EasyTopic:LONG-TERMfuturefinancialstatements.B.prostatements.C.statements.statements.E.above.level:EasyTopic:PROFORMASTATEMENTS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----ofsalesthatallatsamerate.accountswithandvarywithsales.C.allowstheanalysttofirmwillneedtopredictedsaleslevel.AB.BothBandlevel:Topic:OFSALESAstandardizesitemsincomeandsheetofsalestotalassets,C.statementofflowscommon-baselevel:EasyTopic:COMMON-SIZERelationshipsdeterminedfromaandforknownas:parisonstatements.C.E.level:EasyTopic:FINANCIALRATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----Financialratiosthatmeasureafirm'sabilitytopaybillsoverthewithoutstressareknown_____solvencyprofitabilityE.valuelevel:EasyTopic:SOLVENCYRATIOScurrentisas:currentassetsminusliabilities.B.dividedbyliabilities.C.liabilitiesminusbycurrentassets.ondividedbycurrentE.liabilitiesbylevel:EasyTopic:CURRENTRATIOquickiscurrentassetsdividedbycurrentcashhandcurrentliabilities,byC.liabilitiesdividedbyinventory.inventory,dividedcurrentliabilities.E.assetsinventoryminuscurrentlevel:EasyTopic:QUICKRATIO完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----cashiscurrentassetsdividedbycurrentcurrentcashhand,dividedbyliabilities.C.liabilitiescurrentdividedbyononplusinventory,byliabilities.cashhandbyliabilities.level:Topic:CASHRATIO10.thatmeasurefirm'sfinancialleverageknownas_____B.C.solvencyprofitabilityE.valuelevel:EasyTopic:LONG-TERMSOLVENCYRATIOS11.financialratiomeasuredastotalminustotaldividedbytotalassets,isthe:totaldebtratio.equitymultiplier.C.E.earnedratio.level:EasyTopic:TOTALDEBT完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----12.debt-equityratiototal:equityminustotaldebt.equitydividedtotaldividedbytotalequity.plusE.totaldividedbylevel:EasyTopic:RATIO13.multiplierisastotal:equitybytotalassets.equitytotalC.assetsminustotaldividedbyassetsplusdividedbyassetsdividedtotallevel:Topic:EQUITY14.financialratiomeasuredasearningstaxes,byinterestexpenseisthe:ratio.debt-equitytimesinterestearnedratio.grossmargin.E.totaldebtratio.level:Topic:TIMESINTERESTEARNEDRATIO完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----15.measuredbeforeinterestandtaxes,depreciation,coverageratio.debt-equityC.earnedratio.grossmargin.E.totaldebtratio.level:Topic:CASHCOVERAGE16.thatmeasurehowefficientlyafirmgenerateareknownasassetmanagementC.solvencyprofitabilityE.valuelevel:EasyTopic:MANAGEMENTRATIOS17.inventoryisas:salesminusinventory.inventorytotalsales.costofgoodsdividedbyinventory.timesgoodsE.inventoryplusgoodslevel:Topic:INVENTORYTURNOVER完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----18.financialratioininventoryinventoryplusdays.inventory365C.pluscostofgoodsdivided365daysbyinventory.365dayslevel:Topic:SALESIN19.receivablesturnoveras:plusB.salesbyreceivable.C.salesaccountsreceivable,dividedbyaccountssales.E.accountsdividedbylevel:Topic:RECEIVABLESTURNOVER20.financialratioinreceivablesismeasuredreceivablesturnover365accountsreceivable365C.receivableplusdividedby365daysbyreceivablesE.365daysbyaccountsreceivable.level:Topic:SALESIN完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----21.totalturnoverratioistotalB.salesbyassets.C.salestotaltotaldividedbyE.totalassetsplussales.level:EasyTopic:TOTALASSET22.thatmeasurehowefficientlyafirm'smanagementassetsgeneratebottomlinenetincomeareC.solvencyprofitabilityE.valuelevel:EasyTopic:PROFITABILITY23.financialratiomeasuredasdividedbyisknownasthefirm's:profitC.returnonassetturnover.E.earningsbeforeinterestandtaxes.level:EasyTopic:MARGIN完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----24.financialratiomeasuredasdividedbyisasB.returnonassets.C.returnonassetturnover.E.earningsbeforeinterestandtaxes.level:EasyTopic:RETURNON25.financialratiomeasuredasdividedbyequityisknownasthefirm's:returnonequity.assetturnover.E.earningsbeforeinterestandtaxes.level:EasyTopic:RETURNONEQUITY26.financialratiomeasuredaspriceofstockdividedbyearningspershareknownasC.ratio.E.Pontlevel:EasyTopic:PRICE-EARNINGS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----27.market-to-bookratioismeasuredas:incomemarketpriceofC.dividedbymarketpershareofstock.pershareofstockdividedmarketvalueofequitysharedividedbybookvalueofequityshare.level:Topic:MARKET-TO-BOOK28._____breaksdownreturnonequitythreeDuPontidentityassetsC.statementofflowsassetturnoverratioE.equitymultiplierlevel:Topic:DUIDENTITY29.ExternalFundsNeededdoesnotmeasurethe:requirementsgiveninsales.liabilitiesraisedgiventheinsales.shareholdersgiventhechangeinincometobegiventheinsales.E.Noneabove.level:Topic:FUNDSNEEDED完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----30.Toratewithoutusingtheanalystneedsratio.C.debt-to-equitytotalassetAlloflevel:Topic:SUSTAINABLERATE31.Growthcanreconciledwiththegoalmaximizingfirmvalue:becausegreatergrowthalwaysaddsB.becauseanoutcomeofNPV.C.becauseandmaximizationareanyE.Noneabove.level:Topic:GROWTH32.growthcandeterminedbythe:totalturnoverpriceratio.B.profitmargin,ratio,thedebt-to-equityratio,andtherequirementorassetturnoverratio.C.TotalgrowthlesscapitalgainsEitherAE.Noneabove.level:Topic:SUSTAINABLE完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----33.followingwillincreasesustainablegrowth?BuybackexistingstockdebtprofitmarginrequirementturnoverratioE.Increasedividendpayoutratiolevel:Topic:SUSTAINABLE34.ofplanningisto:therequirementsgivenofplanforevents.C.theexternalfinancingAllofabove.E.Noneabove.level:Topic:LONGTERMPLANNING35.acommon-sizebalanceallaccountsof_____.income;totalassetsincomeC.asset;salestotalE.saleslevel:Topic:COMMON-SIZEBALANCE完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----36.followingisconcerningratioAisdifferentlybyaddresstheamongfirms.C.OnlyverylimitednumberofcanbeusedforanalyticalEachhasaformulathatusedconsistentlyallanalysts.E.Ratioscanusedforpurposesoverperiodsoftime.level:Topic:RATIOANALYSIS37.followingareratios?cashII.III.inventoryIIIIIIIIonlyC.II,III,andIVonlyI,III,IVonlyE.I,II,III,IVlevel:Topic:RATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----38.Anfollowingfirm'swithoutaffectingitsratio?payablecashaccountsE.fixedlevel:Topic:RATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----39.Apaymentwithindays,ismostconcernedwithwhichfollowingratioscurrentB.C.quickE.totaldebtlevel:Topic:RATIOS40.Aatotalof.47.Thismeansthathas47centsindebtforevery:$1ininC.incurrentassets.inequity.E.inlevel:Topic:LONG-TERMSOLVENCYRATIOS41.debtisprobablyofmostfirm's:creditcustomers.employees.C.suppliers.mortgageholder.E.shareholders.level:Topic:LONG-TERMSOLVENCYRATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----42.Abankerconsideringamoneyfortenfirmhavedebtratioofinterestearnedratio_____..75;.751.00C..45;1.753.00level:Topic:LONG-TERMSOLVENCYRATIOS43.Fromacashposition,whichfollowingratiosbestmeasuresafirm'sabilitypaytimesearnedB.coverageC.quickratioE.Intervalmeasurelevel:Topic:LONG-TERMSOLVENCYRATIOS44.theinventorymeasure,the:ainventory.fasteronitsC.itafirmsellinventory.greaterinventoryE.theofinventoryheldlevel:Topic:MANAGEMENTRATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----45.followingisifahasareceivablesturnovermeasureof10?It10dayspaymentfromitscustomers.It36.5daystoinventorythefromsale.C.Ittakes36.5daystohasanperioddays.E.timesmoreinitdoesinlevel:Topic:MANAGEMENTRATIOS46.Atotalassetmeasureof1.03meansthatafirmin:foreveryinassetsforevery$1intotalC.totalforeveryinequity.forinE.long-termforevery$1inshort-termlevel:Topic:MANAGEMENTRATIOS47.Puffy'sgeneratesfivecentsincomefor$1sales.Thus,has_____5%.assetsprofitmarginDuPontmeasureE.totalassetturnoverlevel:Topic:PROFITABILITY完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----48.Ifaproducesa10%onand10%returnfirm:debtofanykind.isusingitsefficientlyaspossible.C.hasworkingcapital.alsoaofE.multiplierof2.level:Topic:PROFITABILITY49.Ifshareholdersknowprofitaismakingoninthetheshareholdersshouldlookatthe:returnonequity.multiplier.E.earningslevel:Topic:PROFITABILITY50.Enterprisesitsoperatingefficiencythatcostswhileremaingivenallconstant,the:returnonequitywillincrease.assetswilldecrease.C.profitmarginwillmultiplierwillE.ratiowilllevel:Topic:PROFITABILITY完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----51.onlydifferenceJoe'sMoe'sisJoe'sfullydepreciatedpurchasedequipmentwilldepreciatedoveryears.allwilllowerprofitJoe'swillhaveareturnonequity.C.Moe'swillahighernetincome.Moe'swillhaveaprofitE.willlevel:Topic:PROFITABILITY52.LastAutomotiveratioof15.theratioonthisitbewithpriceincreased.theearningsC.investorspayingapriceforofstockpurchased.investorsarereceivingrateofreturnthiseitherpricepershare,theearningsshare,orbothlevel:Topic:MARKETVALUERATIOS53.Inc.aprice-earningsratioofCo.ratiowiththatofstockinAlfred's:ahigherpricethanofstockinTurner's.B.hasahighermarketperdollarofdoesofTurner's.C.lowerpersharethanoneshareoflargerdoesoneofTurner'sE.aprofitdoesofTurner'slevel:Topic:MARKETVALUE完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----54.twooffollowingareapttocausetoahigheroutlookII.prospectgrowthIII.lowwithalowopinionoffirmIIIonlyB.IIIIIonlyC.IIIVIIIIE.IIIandIVonlylevel:Topic:MARKETVALUERATIOS55.Motorsmarket-to-bookof$4.00.market-to-booka$1thebookvaluesharewill:toincreaseequityofthean$2.increasemarketpricebyC.marketpricebycausemarketpricetorise.E.affectvaluesnotmarketvalues.level:Topic:MARKETVALUERATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----56.followingofappliesassetsprofitmarginandearnedC.price-earningsanddebt-equitymarket-to-bookratioandprice-earningsratioE.cashratioandequitymultiplierlevel:Topic:MARKETVALUERATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----57.threepartsDucanbegenerallyefficiency,useandprofitability.II.financialleverage,andassetefficiency.III.equitymultiplier,theprofitandtotalturnover.debt-equityratio,intensityandtheprofitIIIonlyB.IIIIIonlyC.IIVonlyIIIIE.IIIandIVonlylevel:Topic:DUIDENTITY58.Ifacosts,allelseconstant,profitmarginwhilethemultiplierthereturnassetswhiletheondecreases.C.fitmarginequityonassetslevel:Topic:DUIDENTITY59.followingisBookbegivenovermarketB.statementsarethebasisforevaluations.C.informationhasvaluewhenfuture.lendersplacelittleonfinancialstatementE.Reviewingfinancialinformationhasveryvalue.level:Topic:FINANCIAL完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----60.Itistoevaluateafirmusingitsfinancialfirm:isaisglobalinnature.sameaccountingfirmsinitsafiscalthanfirmsinitsE.tohavesuchsalesandpropertylevel:Topic:FINANCIAL61.twooffollowingrepresenttheofdirectlythefinancialperformanceoffirm?comparingthefinancialratiostothoseofsamefirmfrompriorII.comparingafinancialotherfirmsinthefirm'shavesimilaroperationsIII.thestatementsofthefirmtofinancialsimilarfirmsoperatingintheofthetoratiosofallfirmslocatedinthegeographicIIIonlyIIandIIIC.IIIandIVonlyIIVonlyE.IIIIlevel:Topic:FINANCIAL完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----62.Infinancialmodel,istochangesin(liabilities-B.assets-(liabilities+equity).C.liabilitiesequity).+equity-E.assets-equity.level:Topic:FUNDSNEEDED完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----63.followingrepresentproblemscomparingthefinancialstatementsofwithanotherfirm?one,orboth,firmsbeconglomeratesthuslinesbusiness.II.TheofthetwofirmsmayvaryIII.Thefirmsmaydifferingmethodsforinventorytwofirmsmaybeinandhavedifferentfiscalends.IIIonlyIIandIIIC.III,IVonlyI,II,andIIII,II,III,IVlevel:Topic:FINANCIAL64.Afirm'fitC.dividendpolicy.assetAlloflevel:Topic:SUSTAINABLERATE完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----65.growthwillequivalentgrowthratewhen:afirmhasnodebt.theC.positivebutlessafirmhasadebt-equityratioexactlyequaltoE.incomegreaterthanlevel:Topic:SUSTAINABLERATE完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----66.growthrate:assumesisnoexternalfinancinganykind.B.isnormallyhigherthangrowthrate.C.theisisonreceivingadditionaldebtE.assumesthat100%allincomeisretainedbythelevel:Topic:SUSTAINABLERATE67.Ifagrowthandpositivenetincome,the:willhavetoincreasesamerate,regardlessofthecapacityofcommonwillincreaseattherateofC.willtoincrease.willremainconstantwhileincrease.E.fixeddebt-equityratio,andnumberofshareswillallincrease.level:Topic:SUSTAINABLERATE68.wantstoitscurrentpolicy,whicharatio40%.firmnotwantitsbutwillingtoitscurrentdebt-equityratio.requirements,maximumratewhichMarcie'sgrowisequalto:40%oftheinternalgrowth.60%oftheinternalrateofgrowth.C.internalgrowth.rateofgrowth.E.60%ofthesustainablerateoflevel:Topic:SUSTAINABLERATE完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----69.Oneofprimaryofmanyplanningthatthey:relyfinancialanditerativeinC.goalsofmanagement.bestassumptions.ignoretherisk,ofcashflows.level:Topic:FINANCIALMODELS70.Financialwhenproperlyexecuted:ignoresthenormalrestraintsensuresprimaryseniormanagementfullyachieved.C.reducesofoperations.helpsthatisinsupporttheofE.eliminatestheneedtoplanmoreoneinlevel:Topic:FINANCIAL71.thelowernumbersare:good.mediocre.C.consideredpoor.E.ittoinformationfromlevel:Topic:EBITDARATIO完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----72.Afirm'sequalto:bookvalueofbookvalueofvalueofcommonfirm'spricemultipliedfirm'spricemultipliedthenumberofE.maximumanacquirerwouldpayforainanacquisition.level:Topic:MARKETCAPITALIZATION73.valueon:debtdebtC.valueofequityandbookofvalueifdebtandvalueofE.bookofdebtlevel:Topic:ENTERPRISE74.Asalesofincomeoffixedof$500,currentassetsThefirmhas$100ininventory.iscommon-sizestatementvalueof8.3%B.12.5%C.20.0%E.=$100+==12.5%level:Topic:COMMON-SIZE完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----75.Asalesofincomeoftotal$1,000,totalInterestexpensecommon-sizestatementvalueofinterestexpense?3.3%5.0%C.E.interest=$1,500=.033=level:Topic:COMMON-SIZE76.Boutiquehasofof$60,accountsof$200,$150.WhatisvaluequickB.C.E.Quickratio==level:Topic:RATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----77.Aadebt-equityratioof.40.Whatthetotaldebtratio?.33C.E.Thedebt-equityratioiftotaltotalassetsare$140.Total==.29level:Topic:LONG-TERMSOLVENCYRATIOS78.Atotaldebtofdebt-equityratioofWhatisvaluetotalassets?$3,000C.$3,600$5,200Total.30=$4,000;assets=level:Topic:LONG-TERMSOLVENCYRATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----79.Asalesofcosts$2,800,$100,isWhatistheof24C.6E.10Cashcoverage=$2,800)=8level:Topic:LONG-TERMSOLVENCYRATIOS80.Rosita's$250in$130erestearnedratioisdepreciationexpenseis$60.Whatvalueofthecoverageratio?C.3.80E.EBIT3.8$250=$950;coverage=$60)$250=level:Topic:LONG-TERMSOLVENCYRATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----81.Mario'ssalesofofof$2,100,ofand$400.onaverage,doesitMario'ssellinventory?E.=$2,100$500=4.2;ininventory=365=level:Topic:MANAGEMENTRATIOS82.hasaccountsreceivable$700,ofsalesofcostofsoldof$3,400.Howlongdoesittakebothsellinventorythenpaymentsale?146daysC.163190daysE.211daysturnover=$3,4002.83;in365=128.98;Accountsturnover=$700=Days'salesreceivables6=daysinand=128.98=(rounded)level:Topic:MANAGEMENTRATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----83.Afirmhasnetcapitalof$400,netassetsof$2,400,ofliabilitiesofHowworthofareinassets?B.$1.67C.$1.88$2.33E.Totalturnover=$6,000[($400+$800)+$2,400]=1.67;$1intotalassetsinsales.level:Topic:MANAGEMENTRATIOS84.Rosita'shasoftotaldebtof$1,300,equityofaprofitof5%.Whatisthereturnassets?B.6.08%C.7.39%E.17.31%onassets=(.05($1,300$2,400)=$225==6.08%level:Topic:PROFITABILITY完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----85.Sun'shasof$3,000,total$2,500,profitmarginatotal40%.Whatis6%10%12%E.15%on=$3,000)[$2,500$150$1,500.10=level:Topic:PROFITABILITY86.Jfitmarginis4%.ofThepriceis13C.30E.48pershare=6,400=.04;Price-earningsratio=level:Topic:MARKETVALUERATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----87.Patti'shasnet$1,800,ratioandearningsofsharesofstockoutstanding?1,4001,5001,600E.Numberofshareslevel:Topic:MARKETVALUERATIOS88.Aofstockofincomeofofabookvaluepershareof$.50.What2.4C.E.pershare=$800Pricepershare=$.16Market-to-book=$.50=level:Topic:MARKETVALUERATIOS完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----89.Aofstockofanenterpriseof$5millionandmillion.Whatistheenterprisevaluemultiple?2.4C.5.0valuemultiple=$5million/$1=level:Topic:ENTERPRISEMULTIPLE90.Aa$2million,marketvalueofinterestbearingmillion,bookvalueofinterestbearingdebtof$500,000cashof$100,000.enterprisevalue?B.$2.9millionC.$3.0millionE.value=$2+$100,000level:Topic:ENTERPRISE完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----91.aprofitmarginofonandmultiplierofWhatisthereturnon6.7%8.4%E.on=8%=11.2%,Dulevel:Topic:DUIDENTITY92.Samuelson'shasaofsalesof$8,000,incomeof$600,andofWhatC.9.75%10.00%E.11.25%on=($2,400=10%level:Topic:DUIDENTITY完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----93.Aa15%.debt-equityratiototalturnoveristheprofit8%.Theequityistheamountofnetincome?C.$540E.thePontidentity:Total=(1.50)$3,200=$4,800;sales=$4,8001.25=$6,000;income=.08=level:Topic:DUIDENTITY完整版學(xué)習(xí)資料分享----

式--可編輯--專業(yè)資料-----94.Whatquickrati