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CFIN MBA Prepworks Study Set with questions and answers (download to pass).
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CFIN MBA Prepworks Study Set with questions and answers (download to pass).
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CFIN MBA Prepworks StudySet with questions and
answers (download to pass)
Comprehensive Income of the period is shown on the - answer Income
Statement
Which of the following ratios is not used in the duPont Formula?
a. debt/equity
b. net income/sales
c. sales/assets
d. assets/equity - answer a. Debt/Equity
The net results of the duPont formula is return on total assets. (T/F) -
answer False
Depreciation is a noncash expense. (T/F) - answer True
Depreciation is a part of - answer Cash Flow from Operating activities
Which ratio shows the average percentage by which sales price exceeds
the cost of goods sold?
a. profit margin
b. asset turnover
c. gross margin
d. receivables turnover
e. return on assets - answer C. Gross Margin
, The statement that shows all investments in the company and all the
distributions during a reporting period is called - answer The statement
of Owner's Equity
Although the cash flow statement using the indirect method is useful, it
does not show net income for the period. (T/F) - answer False
Matching refers to including all expenses incurred to realize the revenues
reported. (T/F) - answer True
The "snapshot in time" statement is - answer the balance sheet
When projected assets are less than projected liabilities and equity, the
firm will have - answer excess cash
The single most significant item in a final projection is - answer sales
Which of the following companies should provide the longest time horizon
for quantitative analysis?
a. an automobile manufacturer
b. a dotcom
c. a website developer
d. an online search engine - answer a. an automobile manufacturer
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
Which of the accounts listed below varies with sales?
a. accounts receivable
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