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CFI FMVA 6 Exam Quizzes with Correct Answers
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CFI FMVA 6 Exam Quizzes with Correct Answers
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CFI FMVA 6 Exam Quizzes with CorrectAnswers
The formula contained in the YELLOW cell (G179) is ___________ Hint: do not forget the
$ when using absolute references. Use absolute reference so this formula can be copied
over to other cells in this section without any manual modification. -
✔✔=SMALL($F$177:$F$180,E179)
The formula contained in the ORANGE cell (H178) is = ($A$177:$G$180, (
,$F$177:$F$180,0),MATCH($A$177,$A$177: $F$177,0))
Hint: do not forget the $ when using absolute references. - ✔✔Index, match, A177
What type of chart did we use to build a tornado chart? - ✔✔Stacked bar chart
Assumption Drivers in order - ✔✔
Financial Analysis Fundamentals - ✔✔
Which of the following items are not included when determining income from
operations? - ✔✔Taxes
Which ratio would you use to determine the profitability of the goods sold by a
company? - ✔✔Gross Profit
When performing a vertical analysis which income statement item do you use to
determine the cost contribution for each expense category? (What is the denominator?)
- ✔✔Sales
,Horizontal analysis allows us to analyze performance over: - ✔✔Time
When calculating the quick ratio or "acid test" which current asset or liability is omitted?
- ✔✔Inventory
For which organization would you expect to see the highest inventory turnover ratio? -
✔✔Grocery Retailer
What actions could a company take to reduce its working capital funding gap? -
✔✔Tighten customer credit terms
The debt to equity ratio indicates: - ✔✔The proportion of the company financed by
lenders versus owners
Which of the following items are not included in working capital? - ✔✔Short Term
Investments
When calculating turnover of property plant & equipment and receivables, which item
from the income statement do we use? - ✔✔Sales
If a company wanted to finance the purchase of equipment without diluting
shareholders equity, which of the following operation could it consider? -
✔✔Obtaining a loan from a bank
Working capital movement is included in which section of the cash flow statement? -
✔✔Operating Activities
, The debt to tangible net worth ratio is calculated as follows: - ✔✔Interest Bearing
Liabilities / (Equity - Intangible Assets)
If the total assets to equity ratio of a company is increasing, it is possible that: -
✔✔The company is increasing the use of debt and getting higher financial leverage
Which ratio is not one of the three ratios that multiply together to produce the return
on equity ratio? - ✔✔Operating profit margin
Which financial leverage ratio is used with two other ratios to mathematically produce
the return on equity ratio? - ✔✔Total Assets / Equity
Which of the following is a tertiary ratio that drives profitability? - ✔✔SG&A Expense
/ Sales
Which ratios indicate how efficiently the company generates sales from its assets? -
✔✔Working capital turnover
The net profit margin ratio can mathematically be broken down as "Tax impact x Capital
structure impact x..." - ✔✔EBIT/Sales
Based on the following information from ABC Company's financial analysis, which one of
the following statements is NOT true? - ✔✔The company's ability to cover its short-
term obligations is getting higher over the five years.
Operational Modeling - ✔✔
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