Exam 3: Working With Financial Statements

During the year, The Train Stop decreased its accounts receivable by $60, increased its inventory by $130, and decreased its accounts payable by $20. For these three accounts, the firm has a net:

Rojers Communications Inc. sells for $34.50 and there are 605 million shares outstanding at the end of 2018. Based on the 2018 annual report, EBIT is $2,024 million, net income is $1,002 million, and depreciation is $1,760 million. What is the Enterprise Multiple?

Ratios that measure how efficiently a firm's management uses its assets and equity to generate bottom line net income are known as _____ ratios.

Supreme Corporation's total current assets are valued at $35,000 and are comprised of cash, accounts receivable and inventory. Determine the value of the cash account given the following information: sales = $140,000; cost of goods sold = $120,000; accounts receivable turnover = 17.50 times; inventory turnover = 8 times.

Baker's Used Autos has sales of $638,400, total assets of $524,200, and a profit margin of 9.8 %. The firm has a total debt ratio of 35 %. What is the return on equity?

A use of cash can be defined as any activity that:

What is the days' sales in receivables for 2018?

Activities of the firm that generate cash are known as:

Leaf, Inc. of Kingston has a fixed asset turnover rate of 2.26 and a total asset turnover rate of 1.13. From this information, you know that the:

Vinnie's Motors of Winnipeg has a market-to-book ratio of 3. The book value per share is $4.00. This means that a $1 increase in the book value per share will:

If a firm is having difficulty controlling its operating expenses, the trouble will be most directly reflected in the firm's ________________ ratios.

Calculate the cash ratio given the following information: current ratio = 3; total current assets = $21,000; cash and cash equivalents = $2,380.

What was the quick ratio for Bo Knows Profit Corp. for 2018?

The total asset turnover ratio is measured as:

Which of the following statements is false concerning the use of accounting data versus market value data?

Calculate cash given the following information. Total current assets $57,000; supplies $4,000; average collection period 60.83 days; days' sales in inventory 97.33 days; sales 90,000; cost of goods sold 75,000.

The profit margin of Marble Comics Group is:

The fixed asset turnover ratio is measured as:

Calculate total asset value given the following information: ROA = 5%; Total equity = $600,000 and ROE = 8%.

The sales of SportCheck have increased recently and inventory has declined slightly. A financial analyst would expect to find that the: