公司理财期末复习材料.doc
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CURRENT ASSETS
c 1 A current asset is:
a. an item currently owned by the firm.
b. an item that the firm expects to own within the next year.
c. an item currently owned by the firm that will convert to cash within the next 12
months.
d. the amount of cash on hand the firm currently shows on its balance sheet.
e. the market value of all items currently owned by the firm.
LONG-TERM DEBT
b 2 The long-term debts of a firm are liabilities:
a. that come due within the next 12 months.
b. that do not come due for at least 12 months.
c. owed to the firm’s suppliers.
d. owed to the firm’s shareholders.
e. the firm expects to incur within the next 12 months.
NET WORKING CAPITAL
e 3 Net working capital is defined as:
a. total liabilities minus shareholders’ equity.
b. current liabilities minus shareholders’ equity.
c. fixed assets minus long-term liabilities.
d. total assets minus total liabilities.
e. current assets minus current liabilities.
OPERATING CASH FLOW
a 4 _____ refers to the cash flow that re sults from the firm’s ongoing, normal business
activities.
a. Operating cash flow
b. Capital spending
c. Net working capital
d. Cash flow from assets
e. Cash flow to creditors
EARNINGS PER SHARE
a 5. The earnings per share will:
a. increase as net income increases.
b.increase as the number of shares outstanding increase.
c.decrease as the total revenue of the firm increases.
d.increase as the tax rate increases.
e.decrease as the costs decrease.
QUICK RATIO
d 6 Th
e quick ratio is measured as:
a. current assets divided by current liabilities.
b. cash on hand plus current liabilities, divided by current assets.
c. current liabilities divided by current assets, plus inventory.
d. current assets minus inventory, divided by current liabilities.
e. current assets minus inventory minus current liabilities.
DEBT-EQUITY RATIO
c 7 The debt-equity ratio is measure
d as total:
a. equity minus total debt.
b. equity divided by total debt.
c. debt divided by total equity.
d. debt plus total equity.
e. debt minus total assets, divided by total equity.
EQUITY MULTIPLIER
e 8. The equity multiplier ratio is measured as total:
a. equity divided by total assets.
b. equity plus total debt.
c. assets minus total equity, divided by total assets.
d. assets plus total equity, divided by total debt.
e. assets divided by total equity.
TOTAL CAPITALIZATION
b 9. The total long-term debt and equity of the firm is frequently called:
a. total assets.
b. total capitalization.
c. total financing.
d. debt-equity consolidation.
e. debt-equity reconciliation.
INVENTORY TURNOVER
c 10 The inventory turnover ratio is measure
d as:
a. total sales minus inventory.
b. inventory times total sales.
c. cost of goods sold divided by inventory.
d. inventory times cost of goods sold.
e. inventory plus cost of goods sold.
RECEIVABLES TURNOVER
b 11 The receivables turnover ratio is measured as:
a. sales plus accounts receivable.
b. sales divided by accounts receivable.
c. sales minus accounts receivable, divided by sales.
d. accounts receivable times sales.
e. accounts receivable divided by sales.