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FINC 4331 - Ch. 5 Test Questions and 100% Correct Verified Answers
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FINC 4331 - Ch. 5 Test Questions and 100% Correct Verified Answers
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FINC 4331 - Ch. 5 Test Questions and 100%Correct Verified Answers
Using Laibo industries balance sheet information, determine the Adjusted Working
Capital (AWC).Cash $50,000 AP $31,000AR $103,000 Accruals $30,000Inventories
$38,000 Notes Payable $11,000Net Fixed Assets $67,000 Long-term Debt
$50,000Total Assets $258,000 Total Common Equity $136,000Total Liabilities and
Equity $258,000Figures in hundreds of dollars - ANSWER $8,000,000
According to FDIC data, the typical bank seeks to on a ROA of about - ANSWER 1.25%
which type of loan requires clean up or clean down period - ANSWER seasonal line
of credit
the inability to generate additional cash flows in excess of operating cycle
requirements is a key risk for which type of loan? - ANSWER term loan
Sandy's seaside sundries sells a range of products at the New Jersey shore,
including sunscreen, beach toys, and beach apparel during the summer season.
Which of the following types of financial information would be most relevant in
determining both the amount and duration of a seasonal financing need for the
company? - ANSWER Monthly cash budget or interims
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