Lake Somenos Furniture Co. Income Statement (2001) $ \begin{array}{lr}\text { Sales } & \$ 8,000,000 \\ \text { Cost of goods sold } & 5,260,000 \\ \text { Gross profit } & 2,740,000 \\ \text { Selling and administrative expenses } & 1,500,000 \\ \text { Operating profit } & 1,240,000 \\ \text { Interest expenses } & 140,000 \\ \text { Income before tax } & 1,100,000 \\ \text { Tax expense } & 440,000 \\ \text { Net ineome } & \$ 660,000\end{array} $ $\begin{array}{l} \text { Balance Sheet }\\ \begin{array}{lrr} & 2001 & {2000} \\ \text { Cash } & \$ 200,000 & \$ 50,000 \\ \text { Accounts receivable } & 1,200,000 & 950,000 \\ \text { Inventory } & 1.840,000 & 1,500,000 \\ \text { Total current assets } & 3,240,000 & 2,500,000 \\ \text { Fixed assets } & 3,200,000 & 3,000,000 \\ \hline \text { Total assets } & \$ 6,440,000 & \$ 5,500,000 \\ \text { Accounts payable } & 800,000 & 720,000 \\ \text { Bank loan } & 600,000 & 100,000 \\ \hline \text { Total current liabilities } & 1,400,000 & 820,000 \\ \text { Bonds payable } & 900,000 & 1,000,000 \\ \text { Total liabilities } & 2,300,000 & 1,820,000 \\ \text { Common stock(130,000 shares) } & 300,000 & 300,000 \\ \text { Retained earnings } & 3,840,000 & 3,380,000 \\ \text { Total liabilities \& equity } & \$ 6,440,000 & \$ 5,500,000 \end{array} \end{array}$ -Refer to the financial statements of Alderwood Vineyards,Inc.The firm's times interest earned ratio for 2001 is _________.

A) 0.72 B) 1.71 C) 2.00 D) 3.375 E) none of these A) 0.72 B) 1.71 C) 2.00 D) 3.375 E) none of these

Lake Somenos Furniture Co. Income Statement (2001) $ \begin{array}{lr}\text { Sales } & \$ 8,000,000 \\ \text { Cost of goods sold } & 5,260,000 \\ \text { Gross profit } & 2,740,000 \\ \text { Selling and administrative expenses } & 1,500,000 \\ \text { Operating profit } & 1,240,000 \\ \text { Interest expenses } & 140,000 \\ \text { Income before tax } & 1,100,000 \\ \text { Tax expense } & 440,000 \\ \text { Net ineome } & \$ 660,000\end{array} $ $\begin{array}{l} \text { Balance Sheet }\\ \begin{array}{lrr} & 2001 & {2000} \\ \text { Cash } & \$ 200,000 & \$ 50,000 \\ \text { Accounts receivable } & 1,200,000 & 950,000 \\ \text { Inventory } & 1.840,000 & 1,500,000 \\ \text { Total current assets } & 3,240,000 & 2,500,000 \\ \text { Fixed assets } & 3,200,000 & 3,000,000 \\ \hline \text { Total assets } & \$ 6,440,000 & \$ 5,500,000 \\ \text { Accounts payable } & 800,000 & 720,000 \\ \text { Bank loan } & 600,000 & 100,000 \\ \hline \text { Total current liabilities } & 1,400,000 & 820,000 \\ \text { Bonds payable } & 900,000 & 1,000,000 \\ \text { Total liabilities } & 2,300,000 & 1,820,000 \\ \text { Common stock(130,000 shares) } & 300,000 & 300,000 \\ \text { Retained earnings } & 3,840,000 & 3,380,000 \\ \text { Total liabilities \& equity } & \$ 6,440,000 & \$ 5,500,000 \end{array} \end{array}$ -Refer to the financial statements of Lake Somenos Furniture Co.The firm's P/E ratio for 2001 is ____.

A) 7.88 B) 1.63 C) 4.00 D) 15.00 E) none of these A) 7.88 B) 1.63 C) 4.00 D) 15.00 E) none of these

Given the following firm and market information,determine the value of the firm. \[\begin{array}{l} \begin{array} { l l r } \text {Net profit margin}&3 \% \\ \text {Total asset turnover}&1.5 \\ \text {Debt/equity}&0.5 \\ \text {Plowback ratio}&0.5 \\ \text {Last year's dividends per share}&\$ 2.00 \\ \text {Firm beta}&1.2 \\ \text {Risk-free rate}&5 \% \\ \text {Market risk premium}&8 \% \end{array} \end{array}\]

A) $28.42 B) $18.42 C) $8.42 D) $38.42 E) none of these A) $28.42 B) $18.42 C) $8.42 D) $38.42 E) none of these

Mt. Prevost Machine Corp. Income Statement (2001) $ \begin{array}{lr}\text { Sales } & \$ 4,000,000 \\ \text { Cost of goods sold } & 3,040,000 \\ \text { Gross profit } & 960,000 \\ \text { Selling and administrative expenses } & 430,000 \\ \text { Operating profit } & 530,000 \\ \text { Interest expense } & 160,000 \\ \text { Income before tax } & 370,000 \\ \text { Tax expense } & 148,000 \\ \text { Net income } & \$ 222,000\end{array} $ $\begin{array}{l} \text { Balance Sheet }\\ \begin{array}{lrr} & 2001 & 2000 \\ \text { Cash } & \$ 60,000 & \$ 50,000 \\ \text { Aceounts receivable } & 550,000 & 500,000 \\ \text { Inventory } & 690,000 & 620,000 \\ \text { Total current assets } & 1,300,000 & 1,170,000 \\ \text { Fixed assets } & 1,300,000 & 1,230,000 \\ \text { Total assets } & 2,600,000 & 2,400,000 \\ \text { Aceounts payable } & & \\ \text { Bank loan } & 270,000 & 250,000 \\ \text { Total current liabilities } & 580,000 & 500,000 \\ \text { Bonds payable } & 850,000 & 750,000 \\ \text { Total liabilities } & 900,000 & 1,000,000 \\ \text { Common stock (25,000 shares) } & 1,750,000 & 1,750,000 \\ \text { Retained earnings } & 250,000 & 250,000 \\ \text { Total liabilities \& equity } & 600,000 & 400,000 \\ \hline \end{array} \end{array}$ -Refer to the financial statements of Mt.Prevost Machine Corp.The firm's average collection period for 2001 is ______ days.

A) 40.72 B) 41.53 C) 43.06 D) 47.90 E) none of these A) 40.72 B) 41.53 C) 43.06 D) 47.90 E) none of these

Mt. Prevost Machine Corp. Income Statement (2001) $ \begin{array}{lr}\text { Sales } & \$ 4,000,000 \\ \text { Cost of goods sold } & 3,040,000 \\ \text { Gross profit } & 960,000 \\ \text { Selling and administrative expenses } & 430,000 \\ \text { Operating profit } & 530,000 \\ \text { Interest expense } & 160,000 \\ \text { Income before tax } & 370,000 \\ \text { Tax expense } & 148,000 \\ \text { Net income } & \$ 222,000\end{array} $ $\begin{array}{l} \text { Balance Sheet }\\ \begin{array}{lrr} & 2001 & 2000 \\ \text { Cash } & \$ 60,000 & \$ 50,000 \\ \text { Aceounts receivable } & 550,000 & 500,000 \\ \text { Inventory } & 690,000 & 620,000 \\ \text { Total current assets } & 1,300,000 & 1,170,000 \\ \text { Fixed assets } & 1,300,000 & 1,230,000 \\ \text { Total assets } & 2,600,000 & 2,400,000 \\ \text { Aceounts payable } & & \\ \text { Bank loan } & 270,000 & 250,000 \\ \text { Total current liabilities } & 580,000 & 500,000 \\ \text { Bonds payable } & 850,000 & 750,000 \\ \text { Total liabilities } & 900,000 & 1,000,000 \\ \text { Common stock (25,000 shares) } & 1,750,000 & 1,750,000 \\ \text { Retained earnings } & 250,000 & 250,000 \\ \text { Total liabilities \& equity } & 600,000 & 400,000 \\ \hline \end{array} \end{array}$ -Refer to the financial statements for Mt.Prevost Machine Corp.The firm's current ratio for 2001 is __________.

A) 0.72 B) 1.53 C) 3.06 D) 47.90 E) none of these A) 0.72 B) 1.53 C) 3.06 D) 47.90 E) none of these

Lake Somenos Furniture Co. Income Statement (2001) $ \begin{array}{lr}\text { Sales } & \$ 8,000,000 \\ \text { Cost of goods sold } & 5,260,000 \\ \text { Gross profit } & 2,740,000 \\ \text { Selling and administrative expenses } & 1,500,000 \\ \text { Operating profit } & 1,240,000 \\ \text { Interest expenses } & 140,000 \\ \text { Income before tax } & 1,100,000 \\ \text { Tax expense } & 440,000 \\ \text { Net ineome } & \$ 660,000\end{array} $ $\begin{array}{l} \text { Balance Sheet }\\ \begin{array}{lrr} & 2001 & {2000} \\ \text { Cash } & \$ 200,000 & \$ 50,000 \\ \text { Accounts receivable } & 1,200,000 & 950,000 \\ \text { Inventory } & 1.840,000 & 1,500,000 \\ \text { Total current assets } & 3,240,000 & 2,500,000 \\ \text { Fixed assets } & 3,200,000 & 3,000,000 \\ \hline \text { Total assets } & \$ 6,440,000 & \$ 5,500,000 \\ \text { Accounts payable } & 800,000 & 720,000 \\ \text { Bank loan } & 600,000 & 100,000 \\ \hline \text { Total current liabilities } & 1,400,000 & 820,000 \\ \text { Bonds payable } & 900,000 & 1,000,000 \\ \text { Total liabilities } & 2,300,000 & 1,820,000 \\ \text { Common stock(130,000 shares) } & 300,000 & 300,000 \\ \text { Retained earnings } & 3,840,000 & 3,380,000 \\ \text { Total liabilities \& equity } & \$ 6,440,000 & \$ 5,500,000 \end{array} \end{array}$ -Refer to the financial statements of Alderwood Vineyards,Inc.The firm's market to book value for 2001 is _________.

A) 0.24 B) 0.71 C) 4.00 D) 15.00 E) none of these A) 0.24 B) 0.71 C) 4.00 D) 15.00 E) none of these

Lake Somenos Furniture Co. Income Statement (2001) $ \begin{array}{lr}\text { Sales } & \$ 8,000,000 \\ \text { Cost of goods sold } & 5,260,000 \\ \text { Gross profit } & 2,740,000 \\ \text { Selling and administrative expenses } & 1,500,000 \\ \text { Operating profit } & 1,240,000 \\ \text { Interest expenses } & 140,000 \\ \text { Income before tax } & 1,100,000 \\ \text { Tax expense } & 440,000 \\ \text { Net ineome } & \$ 660,000\end{array} $ $\begin{array}{l} \text { Balance Sheet }\\ \begin{array}{lrr} & 2001 & {2000} \\ \text { Cash } & \$ 200,000 & \$ 50,000 \\ \text { Accounts receivable } & 1,200,000 & 950,000 \\ \text { Inventory } & 1.840,000 & 1,500,000 \\ \text { Total current assets } & 3,240,000 & 2,500,000 \\ \text { Fixed assets } & 3,200,000 & 3,000,000 \\ \hline \text { Total assets } & \$ 6,440,000 & \$ 5,500,000 \\ \text { Accounts payable } & 800,000 & 720,000 \\ \text { Bank loan } & 600,000 & 100,000 \\ \hline \text { Total current liabilities } & 1,400,000 & 820,000 \\ \text { Bonds payable } & 900,000 & 1,000,000 \\ \text { Total liabilities } & 2,300,000 & 1,820,000 \\ \text { Common stock(130,000 shares) } & 300,000 & 300,000 \\ \text { Retained earnings } & 3,840,000 & 3,380,000 \\ \text { Total liabilities \& equity } & \$ 6,440,000 & \$ 5,500,000 \end{array} \end{array}$ -Refer to the financial statements of Alderwood Vineyards,Inc.The firm's quick ratio for 2001 is _________.

A) 0.78 B) 1.71 C) 1.00 D) 0.85 E) none of these A) 0.78 B) 1.71 C) 1.00 D) 0.85 E) none of these

Exam 16: Option Valuation

Lake Somenos Furniture Co. Income Statement (2001) Sales \ 8,000,000 Cost of goods sold 5,260,000 Gross profit 2,740,000 Selling and administrative expenses 1,500,000 Operating profit 1,240,000 Interest expenses 140,000 Income before tax 1,100,000 Tax expense 440,000 Net ineome \ 660,000 Balance Sheet 2001 2000 Cash \ 200,000 \ 50,000 Accounts receivable 1,200,000 950,000 Inventory 1.840,000 1,500,000 Total current assets 3,240,000 2,500,000 Fixed assets 3,200,000 3,000,000 Total assets \ 6,440,000 \ 5,500,000 Accounts payable 800,000 720,000 Bank loan 600,000 100,000 Total current liabilities 1,400,000 820,000 Bonds payable 900,000 1,000,000 Total liabilities 2,300,000 1,820,000 Common stock(130,000 shares) 300,000 300,000 Retained earnings 3,840,000 3,380,000 Total liabilities \& equity \ 6,440,000 \ 5,500,000 -Refer to the financial statements of Alderwood Vineyards,Inc.The firm's times interest earned ratio for 2001 is _________.

(Multiple Choice)

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Question 41

A firm has a higher quick (or acid test)ratio than the industry average,which implies.

(Multiple Choice)

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Question 42

A firm has a market to book value ratio that is equivalent to the industry average and an ROE that is less than the industry average,which implies _______.

(Multiple Choice)

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Question 43

One problem with comparing financial ratios prepared by different reporting agencies is

(Multiple Choice)

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(44)

Question 44

A firm has a (net profit/pretax profit)ratio of 0.6,a leverage ratio of 2,a (pretax profit/EBIT)of 0.6,an asset turnover ratio of 2.5,a current ratio of 1.5,and a return on sales ratio of 4%.The firm's ROE is ________.

(Multiple Choice)

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(42)

Question 45

Lake Somenos Furniture Co. Income Statement (2001) Sales \ 8,000,000 Cost of goods sold 5,260,000 Gross profit 2,740,000 Selling and administrative expenses 1,500,000 Operating profit 1,240,000 Interest expenses 140,000 Income before tax 1,100,000 Tax expense 440,000 Net ineome \ 660,000 Balance Sheet 2001 2000 Cash \ 200,000 \ 50,000 Accounts receivable 1,200,000 950,000 Inventory 1.840,000 1,500,000 Total current assets 3,240,000 2,500,000 Fixed assets 3,200,000 3,000,000 Total assets \ 6,440,000 \ 5,500,000 Accounts payable 800,000 720,000 Bank loan 600,000 100,000 Total current liabilities 1,400,000 820,000 Bonds payable 900,000 1,000,000 Total liabilities 2,300,000 1,820,000 Common stock(130,000 shares) 300,000 300,000 Retained earnings 3,840,000 3,380,000 Total liabilities \& equity \ 6,440,000 \ 5,500,000 -Refer to the financial statements of Lake Somenos Furniture Co.The firm's P/E ratio for 2001 is ____.

(Multiple Choice)

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Question 46

In periods of inflation,accounting depreciation is __ relative to replacement cost and real economic income is .

(Multiple Choice)

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Question 47

Firms will not have both relatively high profit margins and total asset turnover for long periods of time because

(Multiple Choice)

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Question 48

The dollar value of a firm's return in excess of its opportunity costs is called its

(Multiple Choice)

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(32)

Question 49

Given the following firm and market information,determine the value of the firm. Net profit margin 3\% Total asset turnover 1.5 Debt/equity 0.5 Plowback ratio 0.5 Last year's dividends per share \ 2.00 Firm beta 1.2 Risk-free rate 5\% Market risk premium 8\%

(Multiple Choice)

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(39)

Question 50

A firm's current ratio is above the industry average;however,the firm's quick ratio is below the industry average.These ratios suggest that the firm ________.

(Multiple Choice)

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Question 51

__________ of the profitability of the firm over a period of time such as a year.

(Multiple Choice)

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Question 52

The inflation-adjusted accounting reports that the Canadian Institute of Chartered Accountants tried to impose

(Multiple Choice)

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(40)

Question 53

Mt. Prevost Machine Corp. Income Statement (2001) Sales \ 4,000,000 Cost of goods sold 3,040,000 Gross profit 960,000 Selling and administrative expenses 430,000 Operating profit 530,000 Interest expense 160,000 Income before tax 370,000 Tax expense 148,000 Net income \ 222,000 Balance Sheet 2001 2000 Cash \ 60,000 \ 50,000 Aceounts receivable 550,000 500,000 Inventory 690,000 620,000 Total current assets 1,300,000 1,170,000 Fixed assets 1,300,000 1,230,000 Total assets 2,600,000 2,400,000 Aceounts payable Bank loan 270,000 250,000 Total current liabilities 580,000 500,000 Bonds payable 850,000 750,000 Total liabilities 900,000 1,000,000 Common stock (25,000 shares) 1,750,000 1,750,000 Retained earnings 250,000 250,000 Total liabilities \& equity 600,000 400,000 -Refer to the financial statements of Mt.Prevost Machine Corp.The firm's average collection period for 2001 is ______ days.

(Multiple Choice)

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(36)

Question 54

A firm has a P/E ratio of 12 and a ROE of 13% and a market to book value of _________.

(Multiple Choice)

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Question 55

__________ is a true statement.

(Multiple Choice)

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Question 56

Economic value added (EVA)is also known as

(Multiple Choice)

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(46)

Question 57

Mt. Prevost Machine Corp. Income Statement (2001) Sales \ 4,000,000 Cost of goods sold 3,040,000 Gross profit 960,000 Selling and administrative expenses 430,000 Operating profit 530,000 Interest expense 160,000 Income before tax 370,000 Tax expense 148,000 Net income \ 222,000 Balance Sheet 2001 2000 Cash \ 60,000 \ 50,000 Aceounts receivable 550,000 500,000 Inventory 690,000 620,000 Total current assets 1,300,000 1,170,000 Fixed assets 1,300,000 1,230,000 Total assets 2,600,000 2,400,000 Aceounts payable Bank loan 270,000 250,000 Total current liabilities 580,000 500,000 Bonds payable 850,000 750,000 Total liabilities 900,000 1,000,000 Common stock (25,000 shares) 1,750,000 1,750,000 Retained earnings 250,000 250,000 Total liabilities \& equity 600,000 400,000 -Refer to the financial statements for Mt.Prevost Machine Corp.The firm's current ratio for 2001 is __________.

(Multiple Choice)

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(40)

Question 58

Lake Somenos Furniture Co. Income Statement (2001) Sales \ 8,000,000 Cost of goods sold 5,260,000 Gross profit 2,740,000 Selling and administrative expenses 1,500,000 Operating profit 1,240,000 Interest expenses 140,000 Income before tax 1,100,000 Tax expense 440,000 Net ineome \ 660,000 Balance Sheet 2001 2000 Cash \ 200,000 \ 50,000 Accounts receivable 1,200,000 950,000 Inventory 1.840,000 1,500,000 Total current assets 3,240,000 2,500,000 Fixed assets 3,200,000 3,000,000 Total assets \ 6,440,000 \ 5,500,000 Accounts payable 800,000 720,000 Bank loan 600,000 100,000 Total current liabilities 1,400,000 820,000 Bonds payable 900,000 1,000,000 Total liabilities 2,300,000 1,820,000 Common stock(130,000 shares) 300,000 300,000 Retained earnings 3,840,000 3,380,000 Total liabilities \& equity \ 6,440,000 \ 5,500,000 -Refer to the financial statements of Alderwood Vineyards,Inc.The firm's market to book value for 2001 is _________.

(Multiple Choice)

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(34)

Question 59

Lake Somenos Furniture Co. Income Statement (2001) Sales \ 8,000,000 Cost of goods sold 5,260,000 Gross profit 2,740,000 Selling and administrative expenses 1,500,000 Operating profit 1,240,000 Interest expenses 140,000 Income before tax 1,100,000 Tax expense 440,000 Net ineome \ 660,000 Balance Sheet 2001 2000 Cash \ 200,000 \ 50,000 Accounts receivable 1,200,000 950,000 Inventory 1.840,000 1,500,000 Total current assets 3,240,000 2,500,000 Fixed assets 3,200,000 3,000,000 Total assets \ 6,440,000 \ 5,500,000 Accounts payable 800,000 720,000 Bank loan 600,000 100,000 Total current liabilities 1,400,000 820,000 Bonds payable 900,000 1,000,000 Total liabilities 2,300,000 1,820,000 Common stock(130,000 shares) 300,000 300,000 Retained earnings 3,840,000 3,380,000 Total liabilities \& equity \ 6,440,000 \ 5,500,000 -Refer to the financial statements of Alderwood Vineyards,Inc.The firm's quick ratio for 2001 is _________.

(Multiple Choice)

4.9/5

(34)

Question 60

A firm has a higher quick (or acid test)ratio than the industry average,which implies.

A firm has a market to book value ratio that is equivalent to the industry average and an ROE that is less than the industry average,which implies _______.

One problem with comparing financial ratios prepared by different reporting agencies is

A firm has a (net profit/pretax profit)ratio of 0.6,a leverage ratio of 2,a (pretax profit/EBIT)of 0.6,an asset turnover ratio of 2.5,a current ratio of 1.5,and a return on sales ratio of 4%.The firm's ROE is ________.

In periods of inflation,accounting depreciation is __ relative to replacement cost and real economic income is .

Firms will not have both relatively high profit margins and total asset turnover for long periods of time because

The dollar value of a firm's return in excess of its opportunity costs is called its

Given the following firm and market information,determine the value of the firm. Net profit margin 3\% Total asset turnover 1.5 Debt/equity 0.5 Plowback ratio 0.5 Last year's dividends per share \ 2.00 Firm beta 1.2 Risk-free rate 5\% Market risk premium 8\%

A firm's current ratio is above the industry average;however,the firm's quick ratio is below the industry average.These ratios suggest that the firm ________.

__________ of the profitability of the firm over a period of time such as a year.

The inflation-adjusted accounting reports that the Canadian Institute of Chartered Accountants tried to impose

A firm has a P/E ratio of 12 and a ROE of 13% and a market to book value of _________.

__________ is a true statement.

Economic value added (EVA)is also known as

Investments: Background and Issues

Asset Classes and Financial Instruments

Securities Markets

Mutual Funds and Other Investment Companies

Risk and Return: Past and Prologue

Efficient Diversification

Capital Asset Pricing and Arbitrage Pricing Theory

The Efficient Market Hypothesis

Behavioral Finance and Technical Analysis

Bond Prices and Yield

Managing Bond Portfolios

Macroeconomic and Industry Analysis

Equity Valuation

Financial Statement Analysis

Options Markets

Futures Markets and Risk Management

Performance Evaluation and Active Portfolio Management

Globalization and International Investing

Taxes, Inflation, and Investment Strategy

Investors and the Investment Process

Mutual Fund: Objectives, Types, NAV, Turnover Ratio, and More

International Finance and Investments: Understanding Foreign Markets and Risks

Filters

Exam 16: Option Valuation

A firm has a higher quick (or acid test)ratio than the industry average,which implies.

A firm has a market to book value ratio that is equivalent to the industry average and an ROE that is less than the industry average,which implies _______.

One problem with comparing financial ratios prepared by different reporting agencies is

A firm has a (net profit/pretax profit)ratio of 0.6,a leverage ratio of 2,a (pretax profit/EBIT)of 0.6,an asset turnover ratio of 2.5,a current ratio of 1.5,and a return on sales ratio of 4%.The firm's ROE is ________.

In periods of inflation,accounting depreciation is __________ relative to replacement cost and real economic income is ________.

Firms will not have both relatively high profit margins and total asset turnover for long periods of time because

The dollar value of a firm's return in excess of its opportunity costs is called its

Given the following firm and market information,determine the value of the firm. Net profit margin 3\% Total asset turnover 1.5 Debt/equity 0.5 Plowback ratio 0.5 Last year's dividends per share \ 2.00 Firm beta 1.2 Risk-free rate 5\% Market risk premium 8\%

A firm's current ratio is above the industry average;however,the firm's quick ratio is below the industry average.These ratios suggest that the firm ________.

__________ of the profitability of the firm over a period of time such as a year.

The inflation-adjusted accounting reports that the Canadian Institute of Chartered Accountants tried to impose

A firm has a P/E ratio of 12 and a ROE of 13% and a market to book value of _________.

__________ is a true statement.

Economic value added (EVA)is also known as

Investments: Background and Issues

Asset Classes and Financial Instruments

Securities Markets

Mutual Funds and Other Investment Companies

Risk and Return: Past and Prologue

Efficient Diversification

Capital Asset Pricing and Arbitrage Pricing Theory

The Efficient Market Hypothesis

Behavioral Finance and Technical Analysis

Bond Prices and Yield

Managing Bond Portfolios

Macroeconomic and Industry Analysis

Equity Valuation

Financial Statement Analysis

Options Markets

Futures Markets and Risk Management

Performance Evaluation and Active Portfolio Management

Globalization and International Investing

Taxes, Inflation, and Investment Strategy

Investors and the Investment Process

Mutual Fund: Objectives, Types, NAV, Turnover Ratio, and More

International Finance and Investments: Understanding Foreign Markets and Risks

Filters

In periods of inflation,accounting depreciation is __ relative to replacement cost and real economic income is .