WGU C708 Principles of Finance Pre-Assessment (Answered) 2023
7 views 0 purchase
Course
WGU C708 Principles of Finance Pre-Assessment (An
Institution
WGU C708 Principles Of Finance Pre-Assessment (An
WGU C708 Principles of Finance Pre-Assessment (Answered) 2023
$227 million
A company has fixed assets of $509 million, total equity of $218 million, current liabilities of $128 million, and long-term debt of $390 million.
What is the total for the company's current assets?
a.) $262 million...
wgu c708 principles of finance pre assessment answered 2023 227 million a company has fixed assets of 509 million
total equity of 218 million
current liabilities of 128 million
Written for
WGU C708 Principles of Finance Pre-Assessment (An
All documents for this subject (1)
Seller
Follow
ACADEMICAIDSTORE
Reviews received
Content preview
WGU C708 Principles of Finance Pre-Assessment
(Answered) 2023
$227 million
A company has fixed assets of $509 million, total equity of $218 million, current
liabilities of $128 million, and long-term debt of $390 million.
What is the total for the company's current assets?
a.) $262 million
b.) $119 million
c.) $128 million
d.) $227 million
$114.9 million
A company has just reported sales of $557 million, costs of goods sold of $150 million,
depreciation of $190 million and interest expense of $40.2 million.
What is the company's net income if the tax rate is 35%? (Round your answer to the
nearest decimal place.)
a.) $407.0 million
b.) $217.0 million
c.) $114.9 million
d.) $187.6 million
d.
Which item from a company's financial statement is considered a non-cash item?
a.) Interest
b.) Taxes
c.) Utilities
d.) Intangibles
$185,000
With the accompanying information on page 4, what is the cash flow from financing?
a.) $185,000
b.) ($19,000)
c.) ($17,000)
d.) $194,000
($1,430)
With the accompanying information on page 5, what is the cash flow from investing in
millions?
a.) ($1,430)
b.) $1,430
c.) ($1,039)
d.) $1,039
6.99
, With the accompanying information on page 6, what is the correct times interest
earned?
a.) 1.50
b.) 2.05
c.) 2.91
d.) 3.59
e.) 6.99
Ar/Daily credit sales, Sales/Fixed assets, Net income/Total equity,
COGS/Inventory, and (Current assets - Inventory)/Current liabilities
Match the following ratios with the appropriate ratio formulas.
Average collection period, fixed asset turnover, return on equity, inventory turnover, and
quick ratio.
a.) Sales/Fixed assets, COGS/Inventory, AR/Daily credit sales, Net income/Total equity,
and (Current assets - Inventory)/Current liabilities
b.) (Current assets - Inventory)/Current liabilities, COGS/Inventory, Sales/Fixed Assets,
Net income/Total equity, and AR/Daily credit sales
c.) AR/Daily credit sales, Sales/Fixed assets, Net income/Total equity, COGS/Inventory,
and (Current assets - Inventory)/Current liabilities
d.) COGS/Inventory, AR/Daily credit sales, (Current assets - Inventory)/Current
liabilities, Sales/Fixed assets, and Net income/Total equity
2.39
With the accompanying balance sheets on page 8, what was XYZ's quick ratio in 2012?
a.) 2.39
b.) 2.99
c.) 1.16
d.) 3.14
24.43%
A company as sales of $132 million, net income of $24 million, a total asset turnover
of .84, and a leverage multiplier of 1.6.
Using the DuPont Formula, what is the company's return on equity? (Round your
answer to two decimal places.)
a.) 24.43%
b.) 18.18%
c.)16.79 %
d.) 15.41%
39.90%
A company has sales of $56 million, net income of $19 million, a total asset turnover
of .98, and a leverage multiplier of 1.2.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICAIDSTORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
