财务管理专业英语复习题(参考答案)

D. working sheet D. equipment depreciation C. capital budgeting. A. time deposits A. the initial cost of the project can be reduced. C. notes payable B. sunk A. I and III only C. salaries payable D. product producing C. initial public offering (IPO). A. total A. future value D. (1+8%/2)2-1 B. $295,000 D. collecting accounts receivable faster A. m D. common stock A. gross profit margin A. liquidity ratios B. degree to which the net present value reacts to changes in a single variable.B. the transaction is complete and the goods or services delivered.A. Return on equity A. general economic risk D. It does not include depreciation.C. Interest. B.$108 B. $37.62 B. Corporate investment decisions have nothing to do with financial markets,A. Financial management A. double taxation of dividends D. compound interest D. The market is overvaluing the stock.B. approximately 10 B.640,000 D. issue common stock.A. Net profit margin ×Total asset turnover ×Equity multiplier B.bond issuing C. capital budgeting B. marketability A. future value

流动比率Current ratio= Current assets/ Current liabilities=1.91

速动比率Quick ratio=( Current assets- Inventory)/ Current liabilities=1.27

应收账款周转率Accounts receivables turnover ratio=Sales/Accounts receivable=4.37

债务比率Debt ratio= Total liabilities/ Total assets=50.3%

资产收益率Return on assets= Net income/ Total assets=3.45%

Price/earnings ratio= Market price per share/ Earnings per share=45.83

Current ratio = Current assets / Current liabilities = 1.1

Total debt ratio =(Total assets – Total equity) / Total assets = 0.58

Total asset turnover = Sales / Total assets = 0.27

Profit margin = Net income / Sales = 0.22

Equity multiplier = Total assets / Total equity = 2.375

ROA= Net income / Total assets = 0.061

ROE= Net income / Total equity = 0.145

2) ROE= Profit margin * Equity multiplier * Total assets turnover = 14.56%

Financial management is an integrated decision-making process concerned with acquiring, financing, and managing assets to accomplish some overall goal within a business entity. Other names for financial management include managerial finance, corporate finance, and business finance. Making financial decisions is an integral part of all forms and sizes of business organizations from small privately-held firms to large publicly-traded corporations

财务管理是一个通过收购、融资和资产管理来完成一些企业总体目标的综合决策过程。财务管理的其他名称包括管理财务、公司理财和商业理财。财务决策对于小型私人公司和大型上市公司来说，都是企业组织形式和规模的重要组成部分。

A corporation is a legal entity separate from its owners. This means that the corporation can own assets, enter into contracts, sue and be sued. Being a separate legal entity also implies that corporate income is taxable, thus giving rise to double taxation, i.e., corporate tax on profits plus personal tax on after-corporate-tax profits distributed to shareholders (the exception being a full imputation system).