BFIN 300 STUDY QUESTIONS WITH CORRECT ANSWERS GRADED A+
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Course
BFIN 300
Institution
BFIN 300
BFIN 300 STUDY QUESTIONS WITH CORRECT ANSWERS GRADED A+
long term debt ratio - Answer-long term debt / (long term debt + total assets)
Times interest earned - Answer-EBIT/ interest expense
Cash coverage ratio - Answer-(EBIT + Depreciation) / Interest
debt/equity ratio - Answer-total liabil...
BFIN 300 STUDY QUESTIONS
WITH CORRECT ANSWERS
GRADED A+
long term debt ratio - Answer-long term debt / (long term debt + total assets)
Times interest earned - Answer-EBIT/ interest expense
Cash coverage ratio - Answer-(EBIT + Depreciation) / Interest
debt/equity ratio - Answer-total liability/shareholders equity
Current Ratio/NWC ratio - Answer-current assets/current liabilties
quick ratio - Answer-(Current Assets - Inventory) / Current Liabilities
Cash ratio - Answer-Cash / Current Liabilities
coupon - Answer-stated interest payment on a bond
coupon rate - Answer-annual coupon paid/face value of bond
face value/par value/par - Answer-what you paid
maturity - Answer-number of years until face value will be repaid
AA rated - Answer-investment grade
BB or less - Answer-below investment grade (requires higher interest rate)
exempt from federal tax - Answer-municiple
when long-term rates exceed short-term rates yield curve is - Answer-Normal (upward)
curve
when short-term rates exceed long-term rates yield curve is - Answer-Inverted
(downward)
perpituity - Answer-is an annuity where the cash flows continue forever
annuity - Answer-a series of cash flows that occur at the end of the period for a fixed
number of periods
A broker is an agent who: - Answer-brings buyers and sellers together
Capital Budgeting - Answer-process of planning and managing a firms long-term
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