FINC 600 FINC600 Week 7 Practice Quiz Answers (APU)

FINC 600 FINC600 Week 7 Practice Quiz Answers (APU)

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FINC600 Week 7 Practice Quiz (APUS)

  1. Assets are listed on the balance sheet in order of: I) Decreasing liquidity
    II) Decreasing size
    III) Increasing size IV) Relative life
  2. The difference between Total Assets of a firm and its Total Liabilities is called. 
  3. The difference between Current Assets of a firm and its Current Liabilities is called. 
  4. Which of the following is an example of leverage ratios? 
  5. Which of the following is an example of liquidity ratios? 
  6. Given the following data: Current assets = 500 Current liabilities = 250 Inventory = 200 Account receivables = 200 Calculate the current ratio:
  7. Given the following data: Sales = 3200
    Cost of goods sold = 1600 Average total assets = 1600 Average inventory = 200 Calculate the asset turnover ratio: 
  8. Efficiency ratios indicate:
    I) How productively is the firm utilizing its assets. II) How liquid is the firm.
    III) How profitable is the firm.
    IV) How highly is the firm valued by investors. 
  9. Profitability ratios indicate:
    I) How productively is the firm utilizing its assets. II) How liquid is the firm.
    III) How profitable is the firm.
    IV) How highly is the firm valued by the investors. 
  10. Given the following assets; I) Long-term assets
    II) Inventories
    III) Receivables IV) Marketable securitiesWhich is the least liquid of these assets? 
  11. Given the following data: Total current assets = $852 Total current liabilities = $406 Long-term debt = $442 Calculate the net working capital. 
  12. The cash budget is the primary short-term financial planning tool. The key reasons a cash budget is created are: I) To estimate your investment in assets II) To estimate the size and timing of your new cash flows III) To prepare for potential financing needs 
  13. Net working capital is defined as: 
  14. Cash inflow in cash budgeting comes mainly from: 
  15. The firm's internal growth rate is defined as: 

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