公司理财(英文版)题库3.doc

公司理财(英文版)题库3.doc

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CHAPTER3

FinancialStatementAnalysis,Planning,andGrowth

MultipleChoiceQuestions:

I. DEFINITIONS

LONG-TERMPLANNING

c 1. Onekeyreasonalong-termfinancialplanisdevelopedisbecause:

a. theplandeterminesyourfinancialpolicy.

b. theplandeterminesyourinvestmentpolicy.

c. therearedirectconnectionsbetweenachievablecorporategrowthandthefinancialpolicy.

d. thereisunlimitedgrowthpossibleinawell-developedfinancialplan.

e. Noneoftheabove.

PROFORMASTATEMENTS

b 2. Projectedfuturefinancialstatementsarecalled:

a. plugstatements.

b. proformastatements.

c. reconciledstatements.

d. aggregatedstatements.

e. noneoftheabove.

PERCENTAGEOFSALES

e 3. Thepercentageofsalesmethod:

a. requiresthatallaccountsgrowatthesamerate.

b. separatesaccountsthatvarywithsalesandthosethatdonotvarywithsales.

c. allowstheanalysttocalculatehowmuchfinancingthefirmwillneedtosupportthepredictedsaleslevel.

d. BothAandB.

e. BothBandC.

COMMON-SIZESTATEMENTS

e 4. A_____standardizesitemsontheincomestatementandbalancesheetasapercentageoftotalsalesandtotalassets,respectively.

a. taxreconciliationstatement

b. statementofstandardization

c. statementofcashflows

d. common-baseyearstatement

e. common-sizestatement

FINANCIALRATIOS

a 5. Relationshipsdeterminedfromafirm’sfinancialinformationandusedforcomparisonpurposesareknownas:

a. financialratios.

b. comparisonstatements.

c. dimensionalanalysis.

d. scenarioanalysis.

e. solvencyanalysis.

SHORT-TERMSOLVENCYRATIOS

c 6. Financialratiosthatmeasureafirm’sabilitytopayitsbillsovertheshortrunwithoutunduestressareknownas_____ratios.

a. assetmanagement

b. long-termsolvency

c. short-termsolvency

d. profitability

e. marketvalue

CURRENTRATIO

b 7. Thecurrentratioismeasuredas:

a. currentassetsminuscurrentliabilities.

b. currentassetsdividedbycurrentliabilities.

c. currentliabilitiesminusinventory,dividedbycurrentassets.

d. cashonhanddividedbycurrentliabilities.

e. currentliabilitiesdividedbycurrentassets.

QUICKRATIO

d 8. Thequickratioismeasuredas:

a. currentassetsdividedbycurrentliabilities.

b. cashonhandpluscurrentliabilities,dividedbycurrentassets.

c. currentliabilitiesdividedbycurrentassets,plusinventory.

d. currentassetsminusinventory,dividedbycurrentliabilities.

e. currentassetsminusinventoryminuscurrentliabilities.

CASHRATIO

e 9. Thecashratioismeasuredas:

a. currentassetsdividedbycurrentliabilities.

b. currentassetsminuscashonhand,dividedbycurrentliabilities.

c. currentliabilitiespluscurrentassets,dividedbycashonhand.

d. cashonhandplusinventory,dividedbycurrentliabilities.

e. cashonhanddividedbycurrentliabilities.

LONG-TERMSOLVENCYRATIOS

b 10. Ratiosthatmeasureafirm’sfinancialleverageareknownas_____ratios.

a. assetmanagement

b. long-termsolvency

c. short-termsolvency

d. profitability

e. marketvalue

TOTALDEBTRATIO

a 11. Thefinancialratiomeasuredastotalassetsminustotalequity,dividedbytotalassets,isthe:

a. totaldebtratio.

b. equitymultiplier.

c. debt-equityratio.

d. currentratio.

e. timesinterestearnedratio.

DEBT-EQUITYRATIO

c 12. Thedebt-equityratioismeasuredastotal:

a. equityminustotaldebt.

b. equitydividedbytotaldebt.

c. debtdividedbytotalequity.

d. debtplustotalequity.

e. debtminustotalassets,dividedbytotalequity.

EQUITYMULTIPLIER

e 13. Theequitymultiplierratioismeasuredastotal:

a. equitydividedbytotalassets.

b. equityplustotaldebt.

c. assetsminustotalequity,dividedbytotalassets.

d. assetsplustotalequity,dividedbytotaldebt.

e. assetsdividedbytotalequity.

TIMESINTERESTEARNEDRATIO

c 14. Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,dividedbyinterestexpenseisthe:

a. cashcoverageratio.

b. debt-equityratio.

c. timesinterestearnedratio.

d. grossmargin.

e. totaldebtratio.

CASHCOVERAGERATIO

a 15. Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,plusdepreciation,dividedbyinterestexpense,isthe:

a. cashcoverageratio.

b. debt-equityratio.

c. timesinterestearnedratio.

d. grossmargin.

e. totaldebtratio.

ASSETMANAGEMENTRATIOS

a 16. Ratiosthatmeasurehowefficientlyafirmusesitsassetstogeneratesalesareknownas_____ratios.

a. assetmanagement

b. long-termsolvency

c. short-termsolvency

d. profitability

e. marketvalue

INVENTORYTURNOVER

c 17. Theinventoryturnoverratioismeasuredas:

a. totalsalesminusinventory.

b. inventorytimestotalsales.

c. costofgoodssolddividedbyinv