Exam 2: Introduction to Financial Statement Analysis

Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense $2 million -If ECE's return on assets (ROA)is 12%,then ECE's return on equity (ROE)is:

The change in Luther's quick ratio from 2008 to 2009 is closest to:

Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense $2 million -If ECE's net profit margin is 8%,then ECE's return on equity (ROE)is:

The DuPont Identity expresses the firm's ROE in terms of:

The firm's equity multiplier measures:

On the balance sheet,current maturities of long-term debt appears:

If Moon Corporation has depreciation or amortization expense,which of the following is TRUE?

Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. -Perrigo's price-earnings ratio (P/E)is closest to:

Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. -Perrigo's return on equity (ROE)is closest to:

A 30 year mortgage loan is a:

Use the table for the question(s) below. Consider the following income statement and other information: -Luther's earnings before interest,taxes,depreciation,and amortization (EBITDA)for the year ending December 31,2009 is closest to:

Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. -Perrigo's debt to equity ratio is closest to:

Which of the following is NOT an operating expense?

Details of acquisitions,spin-offs,leases,taxes,and risk management activities are given:

In addition to the balance sheet,income statement,and the statement of cash flows,a firm's complete financial statements will include all of the following EXCEPT:

Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. -Perrigo's market debt to equity ratio is closest to:

Luther's current ratio for 2009 is closest to:

Use the table for the question(s) below. Consider the following income statement and other information: -Luther's EBIT coverage ratio for the year ending December 31,2009 is closest to:

Which of the following is an example of an intangible asset?

Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. -Perrigo's enterprise value is closest to: