公司理财3

Chapter03-FinancialStatementsAnalysisandLong-TermPlanning3-11.Onekeyreasonalong-termfinancialplanisdevelopedisbecause:A.theplandeterminesyourfinancialpolicy.B.theplandeterminesyourinvestmentpolicy.C.therearedirectconnectionsbetweenachievablecorporategrowthandthefinancialpolicy.D.thereisunlimitedgrowthpossibleinawell-developedfinancialplan.E.Noneoftheabove.2.Projectedfuturefinancialstatementsarecalled:A.plugstatements.B.proformastatements.C.reconciledstatements.D.aggregatedstatements.E.noneoftheabove.3.Thepercentageofsalesmethod:A.requiresthatallaccountsgrowatthesamerate.B.separatesaccountsthatvarywithsalesandthosethatdonotvarywithsales.C.allowstheanalysttocalculatehowmuchfinancingthefirmwillneedtosupportthepredictedsaleslevel.D.BothAandB.E.BothBandC.4.A_____standardizesitemsontheincomestatementandbalancesheetasapercentageoftotalsalesandtotalassets,respectively.A.taxreconciliationstatementB.statementofstandardizationC.statementofcashflowsD.common-baseyearstatementE.common-sizestatement5.Relationshipsdeterminedfromafirm'sfinancialinformationandusedforcomparisonpurposesareknownas:A.financialratios.B.comparisonstatements.C.dimensionalanalysis.D.scenarioanalysis.E.solvencyanalysis.6.Financialratiosthatmeasureafirm'sabilitytopayitsbillsovertheshortrunwithoutunduestressareknownas_____ratios.A.assetmanagementB.long-termsolvencyC.short-termsolvencyD.profitabilityE.marketvalue7.Thecurrentratioismeasuredas:A.currentassetsminuscurrentliabilities.B.currentassetsdividedbycurrentliabilities.C.currentliabilitiesminusinventory,dividedbycurrentassets.D.cashonhanddividedbycurrentliabilities.E.currentliabilitiesdividedbycurrentassets.8.Thequickratioismeasuredas:A.currentassetsdividedbycurrentliabilities.B.cashonhandpluscurrentliabilities,dividedbycurrentassets.C.currentliabilitiesdividedbycurrentassets,plusinventory.D.currentassetsminusinventory,dividedbycurrentliabilities.E.currentassetsminusinventoryminuscurrentliabilities.9.Thecashratioismeasuredas:A.currentassetsdividedbycurrentliabilities.B.currentassetsminuscashonhand,dividedbycurrentliabilities.C.currentliabilitiespluscurrentassets,dividedbycashonhand.D.cashonhandplusinventory,dividedbycurrentliabilities.E.cashonhanddividedbycurrentliabilities.10.Ratiosthatmeasureafirm'sfinancialleverageareknownas_____ratios.A.assetmanagementB.long-termsolvencyC.short-termsolvencyD.profitabilityE.marketvalue11.Thefinancialratiomeasuredastotalassetsminustotalequity,dividedbytotalassets,isthe:A.totaldebtratio.B.equitymultiplier.C.debt-equityratio.D.currentratio.E.timesinterestearnedratio.12.Thedebt-equityratioismeasuredastotal:A.equityminustotaldebt.B.equitydividedbytotaldebt.C.debtdividedbytotalequity.D.debtplustotalequity.E.debtminustotalassets,dividedbytotalequity.Chapter03-FinancialStatementsAnalysisandLong-TermPlanning3-213.Theequitymultiplierratioismeasuredastotal:A.equitydividedbytotalassets.B.equityplustotaldebt.C.assetsminustotalequity,dividedbytotalassets.D.assetsplustotalequity,dividedbytotaldebt.E.assetsdividedbytotalequity.14.Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,dividedbyinterestexpenseisthe:A.cashcoverageratio.B.debt-equityratio.C.timesinterestearnedratio.D.grossmargin.E.totaldebtratio.15.Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,plusdepreciation,dividedbyinterestexpense,isthe:A.cashcoverageratio.B.debt-equityratio.C.timesinterestearnedratio.D.grossmargin.E.totaldebtratio.16.Ratiosthatmeasurehowefficientlyafirmusesitsassetstogeneratesalesareknownas_____ratios.A.assetmanagementB.long-termsolvencyC.short-termsolvencyD.profitabilityE.marketvalue17.Theinventoryturnoverratioismeasuredas:A.totalsalesminusinventory.B.inventorytimestotalsales.C.costofgoodssolddividedbyinventory.D.inventorytimescostofgoodssold.E.inventorypluscostofgoodssold.18.Thefinancialratiodays'salesininventoryismeasuredas:A.inventoryturnoverplus365days.B.inventorytimes365days.C.inventorypluscostofgoodssold,dividedby365days.D.365daysdividedbytheinventory.E.365daysdividedbytheinventoryturnover.19.Thereceivablesturnoverratioismeasuredas:A.salesplusaccountsreceivable.B.salesdividedbyaccountsreceivable.C.salesminusaccountsreceivable,dividedbysales.D.accountsreceivabletimessales.E.accountsreceivabledividedbysales.20.Thefinancialratiodays'salesinreceivablesismeasuredas:A.receivablesturnoverplus365days.B.accountsreceivabletimes365days.C.accountsreceivableplussales,dividedby365days.D.365daysdividedbythereceivablesturnover.E.365daysdividedbytheaccountsreceivable.21.Thetotalassetturnoverratioismeasuredas:A.salesminustotalassets.B.salesdividedbytotalassets.C.salestimestotalassets.D.totalassetsdividedbysales.E.totalassetsplussales.22.Ratiosthatmeasurehowefficientlyafirm'smanagementusesitsassetsandequitytogeneratebottomlinenetincomeareknownas_____ratios.A.assetmanagementB.long-termsolvencyC.short-termsolvencyD.profitabilityE.marketvalue23.Thefinancialratiomeasuredasnetincomedividedbysalesisknownasthefirm's:A.profitmargin.B.returnonassets.C.returnonequity.D.assetturnover.E.earningsbeforeint