Question 1 of 15 1.0 Points Assets are listed on the balance sheet in order of:

Question

Question 1 of 15 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 Reset Selection

Question 2 of 15 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 Reset Selection

Question 3 of 15 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 Reset Selection

Question 4 of 15 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 Reset Selection

Question 5 of 15 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 Reset Selection

Question 6 of 15 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 Reset Selection

Question 7 of 15 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 Reset Selection

Question 8 of 15 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 Reset Selection

Question 9 of 15 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 Reset Selection

Question 10 of 15 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 Reset Selection

Question 11 of 15 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 Reset Selection

Question 12 of 15 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 Reset Selection

Question 13 of 15 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 Reset Selection

Question 14 of 15 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 Reset Selection

Question 15 of 15 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 Reset Selection 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 Reset Selection

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 Reset Selection

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 Reset Selection

Which of the following is an example of leverage ratios? A. Debt-Equity ratio B. Quick ratio C. Payout ratio D. Return on equity Reset Selection

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 Reset Selection

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 Reset Selection

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 Reset Selection

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 Reset Selection

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 Reset Selection

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 Reset Selection

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 Reset Selection

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 Reset Selection

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 Reset Selection

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 Reset Selection

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 Reset Selection Question 1 of 15 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 Reset Selection

Question 2 of 15 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 Reset Selection

Question 3 of 15 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 Reset Selection

Question 4 of 15 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 Reset Selection

Question 5 of 15 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 Reset Selection

Question 6 of 15 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 Reset Selection

Question 7 of 15 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 Reset Selection

Question 8 of 15 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 Reset Selection

Question 9 of 15 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 Reset Selection

Question 10 of 15 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 Reset Selection

Question 11 of 15 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 Reset Selection

Question 12 of 15 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 Reset Selection

Question 13 of 15 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 Reset Selection

Question 14 of 15 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 Reset Selection

Question 15 of 15 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 Reset Selection

Explanation / Answer

1. A             2. D              3. B             4.A            5.D          

6. A             7. A             8. A             9. C           10. A        

11. A           12. B            13. B            14. A          15. B

ALL Correct!!!!

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