FIN 517 EXAM _LATEST 2020
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FIN 571 FINAL EXAM -LATEST Multiple Choice Question 51 Your answer is correct. Which of the following is considered a hybrid organizational form? sole proprietorship corporation ... partnership limited liability partnership Multiple Choice Question 59 Your answer is correct. Which of the following is a principal within the agency relationship? the board of directors a shareholder a company engineer the CEO of the firm Multiple Choice Question 57 Your answer is correct. Teakap, Inc., has current assets of $ 1,456,312 and total assets of $4,812,369 for the year ending September 30, 2006. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained earnings of $1,468,347. How much long-term debt does the firm have? $2,123,612 $1,844,022 $803,010 $2,303,010 Multiple Choice Question 78 Your answer is correct. Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the end of that accounting period? The statement of working capital. The statement of cash flows. The statement of net worth. The statement of retained earnings. Multiple Choice Question 63 Your answer is correct. Efficiency ratio: Gateway Corp. has an inventory turnover ratio of 5.6. What is the firm’s days’s sales in inventory? 57.9 days 65.2 days 64.3 days 61.7 days Multiple Choice Question 70 Your answer is correct. Leverage ratio: Your firm has an equity multiplier of 2.47. What is its debt-to-equity ratio? 1.74 0 1.47 0.60 Multiple Choice Question 84 Your answer is correct. Which of the following is not a method of “benchmarking”? Conduct an industry group analysis. Utilize the DuPont system to analyze a firm’s performance. Identify a group of firms that compete with the company being analyzed. Evaluating a single firm’s performance over time. [Show More]
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