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Fin 701 M2-1 Exam Questions and Answers $8.49   Add to cart
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Fin 701 M2-1 Exam Questions and Answers
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  • Course
  • FIN701
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  • FIN701

The sources and uses of cash over a stated period of time are reflected on the: - Answer-Statement of cash flows A common-size income statement is an accounting statement that expresses all of a firms expenses as a percentage of: - Answer-Sales On a common-size balance sheet all accounts for ...

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  • August 23, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • fin 701 m2 1 exam questions and answers
  • the sources and uses of cash over a stated period

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  • FIN701
  • FIN701

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Fin 701 M2-1 Exam Questions and
Answers
The sources and uses of cash over a stated period of time are reflected on the: -
Answer-Statement of cash flows

A common-size income statement is an accounting statement that expresses all of a
firms expenses as a percentage of: - Answer-Sales

On a common-size balance sheet all accounts for the current year are expressed as a
percentage of: - Answer-Total assets for the current year

All of the following issues represent problems encountered when comparing the
financial statements of two separate entities except the issue the companies: - Answer-
Having the same fiscal year

An increase in which one of the following will increase a firms quick ratio without
affecting its gas ratio? - Answer-Accounts receivable

Ratios that measure a firms liquidity are known as ________ Ratios. - Answer-Short
term solvency

RJ's has a fixed asset turnover rate of 1.26 and a total asset turnover rate of .97. Sam's
has a fixed asset turnover rate of 1.31 and a total asset turnover rate of .94. Both
companies have similar operations. Based on this information, RJ's must be doing
which one of the following? - Answer-Utilizing its total assets more efficiently than
Sam's.

Ratios that measure how efficiently a firm manages its assets and operations to
generate net income are referred to as _____ ratios. - Answer-Profitability

Which one of these identifies the relationship between the return on assets and the
return on equity? - Answer-Dupont Identity

Which one of the following accurately describes the three parts of the DuPont Identity? -
Answer-Equity multiplier, profit margin, and total asset turnover.

If a company produces a return on assets of 14 percent and also a return on equity of
14 recent, then the firm: - Answer-Has an equity multiplier of 1.0

An increase in which of the following must increase the return on equity, all else
constant? - Answer-Total assets turnover and debt equity ratio

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