Exam (elaborations)

WGU PRINCIPLES OF FINANCE C708 PRE-ASSESSMENT 2024 VERIFIED QUESTIONS AND ANSWERS

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Course
WGU C708

Institution
WGU C708

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 - CORRECT ANSWER $...

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Uploaded on August 4, 2024
Number of pages 35
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Type Exam (elaborations)
Contains Questions & answers

wgu c708
wgu principles of finance c708 pre assessment 2024
wgu principles of finance c708
wgu principles of finance c708 pre assessment
wgu principles of finance c708 pre assessment 2024

Institution WGU C708
Course WGU C708

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WGU PRINCIPLES OF FINANCE C708 PRE-
ASSESSMENT 2024 VERIFIED QUESTIONS AND
ANSWERS
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 - CORRECT ANSWER $227 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 - CORRECT ANSWER $114.9 million

,WGU PRINCIPLES OF FINANCE C708 PRE-
ASSESSMENT 2024 VERIFIED QUESTIONS AND
ANSWERS
Which item from a company's financial statement is considered a non-cash
item?

a.) Interest

b.) Taxes

c.) Utilities

d.) Intangibles - CORRECT ANSWER d.

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 - CORRECT ANSWER $185,000

With the accompanying information on page 5, what is the cash flow from
investing in millions?

,WGU PRINCIPLES OF FINANCE C708 PRE-
ASSESSMENT 2024 VERIFIED QUESTIONS AND
ANSWERS
a.) ($1,430)

b.) $1,430

c.) ($1,039)

d.) $1,039 - CORRECT ANSWER ($1,430)

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 - CORRECT ANSWER 6.99

Match the following ratios with the appropriate ratio formulas.

Average collection period, fixed asset turnover, return on equity, inventory
turnover, and quick ratio.

, WGU PRINCIPLES OF FINANCE C708 PRE-
ASSESSMENT 2024 VERIFIED QUESTIONS AND
ANSWERS
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 - CORRECT ANSWER Ar/Daily credit sales, Sales/Fixed assets,
Net income/Total equity, COGS/Inventory, and (Current assets -
Inventory)/Current liabilities

With the accompanying balance sheets on page 8, what was XYZ's quick ratio
in 2012?

a.) 2.39

b.) 2.99

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Exam (elaborations)

WGU PRINCIPLES OF FINANCE C708 PRE-ASSESSMENT 2024 VERIFIED QUESTIONS AND ANSWERS

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