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CFIN EXAM QUESTIONS WITH ALL CORRECT ANSWERS
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CFIN EXAM QUESTIONS WITH ALL CORRECT ANSWERS Which ratio is not used in DuPont formula? A. Debt/equity B. Net income/sales C. Sales/assets D. Assets/equity - Answer- A. Debt/equity The ratio which many observers use to quantify the stock markets opinion of a firm is the current ratio. - A...

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  • October 6, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • cfin
  • cfin exam
  • cfin exam questions with all correct answers
  • which ratio is not used in dupont formula

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CFIN EXAM QUESTIONS
WITH ALL CORRECT
ANSWERS
Which ratio is not used in DuPont formula?
A. Debt/equity
B. Net income/sales
C. Sales/assets
D. Assets/equity - Answer- A. Debt/equity

The ratio which many observers use to quantify the stock markets opinion of a firm is
the current ratio. - Answer- False

Which of the following is a qualitative factor of the industry?
A. General economic conditions
B. Fixed costs
C. Variable costs
D. All of the above - Answer- D. All of the above

Precise forecasts which may be supported by great detail are useless if they do not
approximate reality. - Answer- True

General economic conditions is a subset of sales influences that impact an industry. -
Answer- True

Which of the following is a qualitative factor of the company?
A. Fixed costs
B. Product users
C. Marketing strategies
D. All of the above - Answer- D. All of the above

Which statement is typically projected first? - Answer- Income statement

Vertical analysis is useful in projecting financial statements because it allows you to
project items relative to a benchmark. - Answer- True

, Qualitative analysis is the first step in the development of pro forma statements. -
Answer- True

One of the qualitative factors that impacts the industry is an industry maturity and profit
trends. - Answer- True

When projected assets are less than projected liabilities and equity the firm will have -
Answer- Excess cash

Surveys produced by Robert Morris Associates are useful in
A. Qualitative analysis
B. Quantitative analysis
C. Neither a nor b - Answer- C. Neither a nor b

Management has two methods by which it can add value to the firm through
components on either side of the accounting equality. - Answer- True

Compounding is the opposite of discounting. - Answer- True

Which decreases the present value? - Answer- Increasing discount rate

Lily Jones places $10,000 in a savings account that compounds interest at 4%. How
much will she have in 5 years? - Answer- $12,167

Bruce Sterling places $5,000 in a savings account that compounds interest at 8%. How
much money will Bruce have in 10 years? - Answer- $10,795

Jake Cherson is saving for a new tractor that costs $60,000. Approximately how much
money must be set aside now to have $60,000 in 5 years if the annual compound
interest rate is 10%? - Answer- $37,254

A major tenet of finance is to match short-term assets with short-term borrowings and
long-term assets with long-term borrowings. - Answer- True

By selecting the proportions of debt and equity in the most efficient way, a manager can
add value to the firm. - Answer- True

In calculating the present value, the rate of return that an individual is certain can be
achieved may be used as a discount factor. - Answer- True

An increase in risk should carry with it an increase in return. - Answer- True

Which discounted cash flow technique matches the present value with the future value
so that the net result is zero? - Answer- IRR (internal rate of return)

The ITC in capital budgeting analysis is

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