财务管理 chapter3 习题

Chapter03FinancialStatementsAnalysisandLong-TermPlanningAnswerKeyMultipleChoiceQuestions1.Onekeyreasonalong-termfinancialplanisdevelopedisbecause:A.theplandeterminesyourfinancialpolicy.B.theplandeterminesyourinvestmentpolicy.C.therearedirectconnectionsbetweenachievablecorporategrowthandthefinancialpolicy.D.thereisunlimitedgrowthpossibleinawell-developedfinancialplan.E.Noneoftheabove.Difficultylevel:EasyTopic:LONG-TERMPLANNINGType:DEFINITIONSc2.Projectedfuturefinancialstatementsarecalled:A.plugstatements.B.proformastatements.C.reconciledstatements.D.aggregatedstatements.E.noneoftheabove.Difficultylevel:EasyTopic:PROFORMASTATEMENTSType:DEFINITIONSB3.Thepercentageofsalesmethod:A.requiresthatallaccountsgrowatthesamerate.B.separatesaccountsthatvarywithsalesandthosethatdonotvarywithsales.C.allowstheanalysttocalculatehowmuchfinancingthefirmwillneedtosupportthepredictedsaleslevel.D.BothAandB.E.BothBandC.Difficultylevel:MediumTopic:PERCENTAGEOFSALESType:DEFINITIONSE4.A_____standardizesitemsontheincomestatementandbalancesheetasapercentageoftotalsalesandtotalassets,respectively.A.taxreconciliationstatementB.statementofstandardizationC.statementofcashflowsD.common-baseyearstatementE.common-sizestatementDifficultylevel:EasyTopic:COMMON-SIZESTATEMENTSType:DEFINITIONSE5.Relationshipsdeterminedfromafirm'sfinancialinformationandusedforcomparisonpurposesareknownas:A.financialratios.B.comparisonstatements.C.dimensionalanalysis.D.scenarioanalysis.E.solvencyanalysis.ADifficultylevel:EasyTopic:FINANCIALRATIOSType:DEFINITIONS6.Financialratiosthatmeasureafirm'sabilitytopayitsbillsovertheshortrunwithoutunduestressareknownas_____ratios.A.assetmanagementB.long-termsolvencyC.short-termsolvencyD.profitabilityE.marketvalueDifficultylevel:EasyTopic:SHORT-TERMSOLVENCYRATIOSType:DEFINITIONSC7.Thecurrentratioismeasuredas:A.currentassetsminuscurrentliabilities.B.currentassetsdividedbycurrentliabilities.C.currentliabilitiesminusinventory,dividedbycurrentassets.D.cashonhanddividedbycurrentliabilities.E.currentliabilitiesdividedbycurrentassets.Difficultylevel:EasyTopic:CURRENTRATIOType:DEFINITIONSB8.Thequickratioismeasuredas:A.currentassetsdividedbycurrentliabilities.B.cashonhandpluscurrentliabilities,dividedbycurrentassets.C.currentliabilitiesdividedbycurrentassets,plusinventory.D.currentassetsminusinventory,dividedbycurrentliabilities.E.currentassetsminusinventoryminuscurrentliabilities.Difficultylevel:EasyTopic:QUICKRATIOType:DEFINITIONSD9.Thecashratioismeasuredas:A.currentassetsdividedbycurrentliabilities.B.currentassetsminuscashonhand,dividedbycurrentliabilities.C.currentliabilitiespluscurrentassets,dividedbycashonhand.D.cashonhandplusinventory,dividedbycurrentliabilities.E.cashonhanddividedbycurrentliabilities.Difficultylevel:MediumTopic:CASHRATIOType:DEFINITIONSE10.Ratiosthatmeasureafirm'sfinancialleverageareknownas_____ratios.A.assetmanagementB.long-termsolvencyC.short-termsolvencyD.profitabilityE.marketvalueDifficultylevel:EasyTopic:LONG-TERMSOLVENCYRATIOSType:DEFINITIONSB11.Thefinancialratiomeasuredastotalassetsminustotalequity,dividedbytotalassets,isthe:A.totaldebtratio.B.equitymultiplier.C.debt-equityratio.D.currentratio.E.timesinterestearnedratio.Difficultylevel:EasyTopic:TOTALDEBTRATIOType:DEFINITIONSA12.Thedebt-equityratioismeasuredastotal:A.equityminustotaldebt.B.equitydividedbytotaldebt.C.debtdividedbytotalequity.D.debtplustotalequity.E.debtminustotalassets,dividedbytotalequity.Difficultylevel:EasyTopic:DEBT-EQUITYRATIOType:DEFINITIONSC13.Theequitymultiplierratioismeasuredastotal:A.equitydividedbytotalassets.B.equityplustotaldebt.C.assetsminustotalequity,dividedbytotalassets.D.assetsplustotalequity,dividedbytotaldebt.E.assetsdividedbytotalequity.Difficultylevel:MediumTopic:EQUITYMULTIPLIERType:DEFINITIONS14.Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,dividedbyinterestexpenseisthe:A.cashcoverageratio.B.debt-equityratio.C.timesinterestearnedratio.D.grossmargin.E.totaldebtratio.Difficultylevel:MediumTopic:TIMESINTERESTEARNEDRATIOType:DEFINITIONS15.Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,plusdepreciation,dividedbyinterestexpense,isthe:A.cashcoverageratio.B.debt-equityratio.C.timesinterestearnedratio.D.grossmargin.E.totaldebtratio.Difficultylevel:MediumTopic:CASHCOVERAGERATIOType:DEFINITIONS16.Ratiosthatmeasurehowefficientlyafirmusesitsassetstogeneratesalesareknownas_____ratios.A.assetmanagementB.long-termsolvencyC.short-termsolvencyD.profitabilityE.marketvalueDifficultylevel:EasyTopic:ASSETMANAGEMENTRATIOSType:DEFINITIONS17.Theinventoryturnoverratioismeasuredas:A.totalsalesminusinventory.B.inventorytimestotalsales.C.costofgoodssolddividedbyinventory.D.inventorytimescostofgoodssold.E.inventorypluscostofgoodssold.Difficultylevel:MediumTopic:INVENTORYTURNOVERType:DEFINITIONS18.Thefinancialratiodays'salesininventoryismeasuredas:A.inventoryturnoverplus365days.B.inventorytimes365days.C.inventorypluscostofgoodssold,dividedby365days.D.365daysdividedbytheinventory.E.365daysdividedbytheinventoryturnover.Diffic