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20 MCQ An analytical tool that measures a company’s performa

akosiraff
Jul 30th, 2013
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  1.  
  2. Download: http://solutionzip.com/downloads/20-mcq-an-analytical-tool-that-measures-a-companys-performance-against-a-predetermined-standard-is-a/
  3. Question 1 of 20 5.0 Points
  4. An analytical tool that measures a company’s performance against a predetermined standard is a:
  5. A. benchmark comparison analysis.
  6. B. common size statement.
  7. C. profitability analysis.
  8. D. time-series analysis.
  9. Reset Selection
  10. Mark for Review What’s This?Question 2 of 20 5.0 Points
  11. Which of the following is the first step that an informed financial analyst should take to mitigate distortions caused by GAAP or management’s selection of accounting choices?
  12. A. Careful evaluation of the company’s ratios
  13. B. Careful evaluation of the reporting methods used by a company as reported in the footnote disclosures
  14. C. Careful examination of the auditor’s opinion
  15. D. Careful examination of the year-end worksheet
  16. Reset Selection
  17. Mark for Review What’s This?Question 3 of 20 5.0 Points
  18. Refer to Table 3-1. In a common size income statement for Year 3, the cost of goods sold is expressed as:
  19. A. 40.0%.
  20. B. 66.4%.
  21. C. 100.0%.
  22. D. 250.0%.
  23. Reset Selection
  24. Mark for Review What’s This?Question 4 of 20 5.0 Points
  25. Refer to Table 3-1. In a trend income statement for Year 5, where Year 3 is the base year, sales for Year 5 are expressed as:
  26. A. 84.4%.
  27. B. 100.0%.
  28. C. 118.5%.
  29. D. 148.7%.
  30. Reset Selection
  31. Mark for Review What’s This?Question 5 of 20 5.0 Points
  32. Interest is removed from Net Operating Profit After Taxes (NOPAT) because it:
  33. A. enhances the Return on Assets (ROA) of companies that utilize high levels of debt.
  34. B. is an expense that is not deductible from income taxes.
  35. C. is related to the method of financing the company instead of measuring performance.
  36. D. lowers the Return on Assets (ROA) of companies that utilize high levels of equity financing.
  37. Reset Selection
  38. Mark for Review What’s This?
  39. Question 6 of 20 5.0 Points
  40. A company that desires superior performance in its industry would choose which one of the following strategy pairs? (Not 100% sure)
  41. A. Market segmentation and low-cost leadership
  42. B. Niche marketing and market segmentation
  43. C. Price leadership and product differentiation
  44. D. Product differentiation and low-cost leadership
  45. Reset Selection
  46. Mark for Review What’s This?Question 7 of 20 5.0 Points
  47. Which one of the following statements is probably the most useful source of information when analyzing a company™ credit risk?
  48. A. Balance Sheet
  49. B. Income Statement
  50. C. Statement of Cash Flows
  51. D. Statement of Changes in Stockholders™ Equity
  52. Reset Selection
  53. Mark for Review What’s This?Question 8 of 20 5.0 Points
  54. Short-term liquidity problems arise because of:
  55. A. disparity of cash inflows and cash outflows.
  56. B. excessive interest rates.
  57. C. lack of long-term financing.
  58. D. poor profitability.
  59. Reset Selection
  60. Mark for Review What’s This?
  61. Question 9 of 20 5.0 Points
  62. The Poff Company buys from suppliers on a net 90 day basis, experiences an Accounts Receivable Turnover of 12 times, and has an Inventory Turnover of 8 times. Cash inflows and outflows are:
  63. A. evenly matched.
  64. B. negatively mismatched by 14 days.
  65. C. negatively mismatched by 76 days.
  66. D. positively mismatched by 14 days.
  67. Reset Selection
  68. Mark for Review What’s This?Question 10 of 20 5.0 Points
  69. Refer to Table 3-2 to answer Questions 10 through 20.
  70. What is the return on assets ratio for year 2?
  71. A. 16.2%
  72. B. 16.8%
  73. C. 17.6%
  74. D. 18.1%
  75. Reset Selection
  76. Mark for Review What’s This?Question 11 of 20 5.0 Points
  77. What is the operating profit margin for year 2?
  78. A. 7.8%
  79. B. 8.1%
  80. C. 8.4%
  81. D. 16.2%
  82. Reset Selection
  83. Mark for Review What’s This?Question 12 of 20 5.0 Points
  84. What is the current ratio for year 2?
  85. A. 1.4 to 1
  86. B. 2.0 to 1
  87. C. 2.7 to 1
  88. D. 3.0 to 1
  89. Reset Selection
  90. Mark for Review What’s This?Question 13 of 20 5.0 Points
  91. What is the quick ratio for year 2?
  92. A. 1.1 to 1
  93. B. 1.4 to 1
  94. C. 1.6 to 1
  95. D. 2.7 to 1
  96. Reset Selection
  97. Mark for Review What’s This?Question 14 of 20 5.0 Points
  98. What is the accounts receivable turnover for year 2?
  99. A. 2.0 times
  100. B. 6.1 times
  101. C. 6.6 times
  102. D. 7.1 times
  103. Reset Selection
  104. Mark for Review What’s This?Question 15 of 20 5.0 Points
  105. Calculate the days receivables outstanding for year 2.
  106. A. 49 days
  107. B. 55 days
  108. C. 60 days
  109. D. 183 days
  110. Reset Selection
  111. Mark for Review What’s This?Question 16 of 20 5.0 Points
  112. The inventory turnover for year 2 is __________ times.
  113. A. 2.61
  114. B. 3.12
  115. C. 3.45
  116. D. 3.80
  117. Reset Selection
  118. Mark for Review What’s This?Question 17 of 20 5.0 Points
  119. The days inventory held for year 2 is __________ days.
  120. A. 96
  121. B. 106
  122. C. 116
  123. D. 138
  124. Reset Selection
  125. Mark for Review What’s This?Question 18 of 20 5.0 Points
  126. If the intangible assets in year 2 are $100,000, the long-term debt to tangible assets for year 2 is:
  127. A. 10.0%.
  128. B. 20.2%.
  129. C. 30.7%.
  130. D. 42.6%.
  131. Reset Selection
  132. Mark for Review What’s This?Question 19 of 20 5.0 Points
  133. The interest coverage for year 2 is __________ times.
  134. A. 12.8
  135. B. 13.8
  136. C. 20.5
  137. D. 21.5
  138. Reset Selection
  139. Mark for Review What’s This?Question 20 of 20 5.0 Points
  140. If there is no preferred stock, what is the return on common equity for year 2?
  141. A. 25.8%
  142. B. 27.9%
  143. C. 41.4%
  144. D. 43.4%
  145. Reset Selection
  146. <>
  147.  
  148. Download: http://solutionzip.com/downloads/20-mcq-an-analytical-tool-that-measures-a-companys-performance-against-a-predetermined-standard-is-a/
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