公司理财(英文版)题库3

CHAPTER3FinancialStatementAnalysis,Planning,andGrowthMultipleChoiceQuestions:I.DEFINITIONSLONG-TERMPLANNINGc1.Onekeyreasonalong-termfinancialplanisdevelopedisbecause:a.theplandeterminesyourfinancialpolicy.b.theplandeterminesyourinvestmentpolicy.c.therearedirectconnectionsbetweenachievablecorporategrowthandthefinancialpolicy.d.thereisunlimitedgrowthpossibleinawell-developedfinancialplan.e.Noneoftheabove.PROFORMASTATEMENTSb2.Projectedfuturefinancialstatementsarecalled:a.plugstatements.b.proformastatements.c.reconciledstatements.d.aggregatedstatements.e.noneoftheabove.PERCENTAGEOFSALESe3.Thepercentageofsalesmethod:a.requiresthatallaccountsgrowatthesamerate.b.separatesaccountsthatvarywithsalesandthosethatdonotvarywithsales.c.allowstheanalysttocalculatehowmuchfinancingthefirmwillneedtosupportthepredictedsaleslevel.d.BothAandB.e.BothBandC.COMMON-SIZESTATEMENTSe4.A_____standardizesitemsontheincomestatementandbalancesheetasapercentageoftotalsalesandtotalassets,respectively.a.taxreconciliationstatementb.statementofstandardizationc.statementofcashflowsd.common-baseyearstatemente.common-sizestatementFINANCIALRATIOSa5.Relationshipsdeterminedfromafirm’sfinancialinformationandusedforcomparisonpurposesareknownas:a.financialratios.b.comparisonstatements.c.dimensionalanalysis.d.scenarioanalysis.e.solvencyanalysis.SHORT-TERMSOLVENCYRATIOSc6.Financialratiosthatmeasureafirm’sabilitytopayitsbillsovertheshortrunwithoutunduestressareknownas_____ratios.a.assetmanagementb.long-termsolvencyc.short-termsolvencyd.profitabilitye.marketvalueCURRENTRATIOb7.Thecurrentratioismeasuredas:a.currentassetsminuscurrentliabilities.b.currentassetsdividedbycurrentliabilities.c.currentliabilitiesminusinventory,dividedbycurrentassets.d.cashonhanddividedbycurrentliabilities.e.currentliabilitiesdividedbycurrentassets.QUICKRATIOd8.Thequickratioismeasuredas:a.currentassetsdividedbycurrentliabilities.b.cashonhandpluscurrentliabilities,dividedbycurrentassets.c.currentliabilitiesdividedbycurrentassets,plusinventory.d.currentassetsminusinventory,dividedbycurrentliabilities.e.currentassetsminusinventoryminuscurrentliabilities.CASHRATIOe9.Thecashratioismeasuredas:a.currentassetsdividedbycurrentliabilities.b.currentassetsminuscashonhand,dividedbycurrentliabilities.c.currentliabilitiespluscurrentassets,dividedbycashonhand.d.cashonhandplusinventory,dividedbycurrentliabilities.e.cashonhanddividedbycurrentliabilities.LONG-TERMSOLVENCYRATIOSb10.Ratiosthatmeasureafirm’sfinancialleverageareknownas_____ratios.a.assetmanagementb.long-termsolvencyc.short-termsolvencyd.profitabilitye.marketvalueTOTALDEBTRATIOa11.Thefinancialratiomeasuredastotalassetsminustotalequity,dividedbytotalassets,isthe:a.totaldebtratio.b.equitymultiplier.c.debt-equityratio.d.currentratio.e.timesinterestearnedratio.DEBT-EQUITYRATIOc12.Thedebt-equityratioismeasuredastotal:a.equityminustotaldebt.b.equitydividedbytotaldebt.c.debtdividedbytotalequity.d.debtplustotalequity.e.debtminustotalassets,dividedbytotalequity.EQUITYMULTIPLIERe13.Theequitymultiplierratioismeasuredastotal:a.equitydividedbytotalassets.b.equityplustotaldebt.c.assetsminustotalequity,dividedbytotalassets.d.assetsplustotalequity,dividedbytotaldebt.e.assetsdividedbytotalequity.TIMESINTERESTEARNEDRATIOc14.Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,dividedbyinterestexpenseisthe:a.cashcoverageratio.b.debt-equityratio.c.timesinterestearnedratio.d.grossmargin.e.totaldebtratio.CASHCOVERAGERATIOa15.Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,plusdepreciation,dividedbyinterestexpense,isthe:a.cashcoverageratio.b.debt-equityratio.c.timesinterestearnedratio.d.grossmargin.e.totaldebtratio.ASSETMANAGEMENTRATIOSa16.Ratiosthatmeasurehowefficientlyafirmusesitsassetstogeneratesalesareknownas_____ratios.a.assetmanagementb.long-termsolvencyc.short-termsolvencyd.profitabilitye.marketvalueINVENTORYTURNOVERc17.Theinventoryturnoverratioismeasuredas:a.totalsalesminusinventory.b.inventorytimestotalsales.c.costofgoodssolddividedbyinventory.d.inventorytimescostofgoodssold.e.inventorypluscostofgoodssold.DAYS’SALESININVENTORYe18.Thefinancialratiodays’salesininventoryismeasuredas:a.inventoryturnoverplus365days.b.inventorytimes365days.c.inventorypluscostofgoodssold,dividedby365days.d.365daysdividedbytheinventory.e.365daysdividedbytheinventoryturnover.RECEIVABLESTURNOVERb19.Thereceivablesturnoverratioismeasuredas:a.salesplusaccountsreceivable.b.salesdividedbyaccountsreceivable.c.salesminusaccountsreceivable,dividedbysales.d.accountsreceivabletimessales.e.accountsreceivabledividedbysales.DAYS’SALESINRECEIVABLESd20.Thefinancialratiodays’salesinreceivablesismeasuredas:a.receivablesturnoverplus365days.b.accountsreceivabletimes365days.c.accountsreceivableplussales,dividedby365days.d.365daysdividedbythereceivablesturnover.e.365daysdividedbytheaccountsreceivable.TOTALASSETTURNOVERb21.Thetotalassetturnoverratioismeasuredas:a.salesminustotalassets.b.salesdividedbytotalassets.c.salestimestotalassets.d.totalassetsdividedbysales.e.totalassetsplussales.P