Exam (elaborations)
FINANCE 3150 BUSINESS FINANCE FALL 2024 CHAPTER 3 QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
- Course
- Institution
FINANCE 3150 BUSINESS FINANCE FALL 2024 CHAPTER 3 QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
[Show more]
Content preview
FINANCE 3150 BUSINESS FINANCE FALL2024 CHAPTER 3 QUESTIONS AND
ANSWERS WITH SOLUTIONS 2024
A quick ratio that is much smaller than the current ratio reflects:
A.
a large portion of current assets is in inventory.
B.
that the firm will have a high return on assets.
C.
that the firm will have a high inventory turnover.
D.
a small portion of current assets is in inventory - ANSWER A.
a large portion of current assets is in inventory.
The Bubba Corp. had earnings before taxes of $400,000 and sales of $2,000,000. If it is in the 40% tax
bracket, its after-tax profit margin is:
A.
12%.
B.
25%.
C.
40%.
D.
20%. - ANSWER A.
12%.
In addition to comparison with industry ratios, it is also helpful to analyze ratios using:
A.
only industry ratios provide valid comparisons.
B.
historical data
C.
future projections
D.
trend analysis and historical comparisons - ANSWER D.
trend analysis and historical comparisons
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Performance. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now