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APU FINC600 Week 7 Quiz (2016) Perfect Answer
Question 1 of 15 1.0/ 1.0 Points
Assets are listed on the balance sheet in order of:
I) Decreasing liquidity
II) Decreasing size
III) Increasing size
IV) Relative life
A.I only
B.III and IV only
C.II only
D.IV only
Question 2 of 15 0.0/ 1.0 Points
The difference between Total Assets of a firm and its Total Liabilities is called.
A.Net working capital
B.Net current assets
C.Net worth
D. None of the above
Question 3 of 15 1.0/ 1.0 Points
The difference between Current Assets of a firm and its Current Liabilities is called.
A.Net worth
B.Net working capital
C. Gross working capital
D. None of the above
Question 4 of 15 1.0/ 1.0 Points
Which of the following is an example of leverage ratios?
A. Debt-Equity ratio
B. Quick ratio
C. Payout ratio
D. Return on equity
Question 5 of 15 1.0/ 1.0 Points
Which of the following is an example of liquidity ratios?
A. Times interest earned (TIE)
B.P/E ratio
C. Return on equity
D. Quick ratio
Question 6 of 15 1.0/ 1.0 Points
Given the following data:
Current assets = 500
Current liabilities = 250
Inventory = 200
Account receivables = 200
Calculate the current ratio:
A.2.0
B.1.0
C.1.5
D. None of the above
Current Ratio = 500/250 = 2.0
Question 7 of 15 1.0/ 1.0 Points
Given the following data:
Sales = 3200
Cost of goods sold = 1600
Average total assets = 1600
Average inventory = 200
Calculate the asset turnover ratio:
A.2.0
B.0.9375
C.1.33
D. None of the above
Asset turnover ratio = 3200/1600 = 2.0
Question 8 of 15 1.0/ 1.0 Points
Efficiency ratios indicate:
I) How productively is the firm utilizing its assets.
II) How liquid is the firm.
III) How profitable is the firm.
IV) How highly is the firm valued by investors.
A.I only
B.II only
C.III only
D.III and IV only
Question 9 of 15 1.0/ 1.0 Points
Profitability ratios indicate:
I) How productively is the firm utilizing its assets.
II) How liquid is the firm.
III) How profitable is the firm.
IV) How highly is the firm valued by the investors.
A.I only
B.II only
C.III only
D.III and IV only
Question 10 of 15 1.0/ 1.0 Points
Given the following assets;
I) Long-term assets
II) Inventories
III) Receivables
IV) Marketable securities
Which is the least liquid of these assets?
A.I
B.II
C.III
D.IV
Question 11 of 15 1.0/ 1.0 Points
Given the following data:
Total current assets = $852
Total current liabilities = $406
Long-term debt = $442
Calculate the net working capital.
A.$446
B.$852
C.$410
D. None of the above
Net working capital = 852 - 406 = 446
Question 12 of 15 1.0/ 1.0 Points
The cash budget is the primary short-term financial planning tool. The key reasons a cash budget is created are:
I) To estimate your investment in assets
II) To estimate the size and timing of your new cash flows
III) To prepare for potential financing needs
A.I only
B.II and III only
C.II only
D.III only
Question 13 of 15 1.0/ 1.0 Points
Net working capital is defined as:
A. The current assets in a business
B. The difference between current assets and current liabilities
C. The present value of all short-term cash flows
D. The difference between all assets and liabilities
Question 14 of 15 1.0/ 1.0 Points
Cash inflow in cash budgeting comes mainly from:
A. Collection on accounts receivable
B. Short-term debt
C. Issue of securities
D. None of the above
Question 15 of 15 0.0/ 1.0 Points
The firm's internal growth rate is defined as:
A. retained earnings/net income
B. retained earnings/net assets
C. retained earnings/total assets
D. none of the above
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