Exam 2: Introduction to Financial Statement Analysis

Dolan Corporation has Gross Profit of $2.3 million,cost of sales of $1.7 million,operating expenses of $0.8 million,and "other" income of $0.5 million.What is its EBIT?

Perrigo's enterprise value 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 31,2008 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 return on assets (ROA)is 12%,then ECE's net income is:

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:

The Sarbanes-Oxley Act (SOX)overhauled incentives and the independence in the auditing process by:

Use the tables for the question(s)below. Consider the following financial information: -For the year ending December 31,2009 Luther's cash flow from financing activities is:

If Moon Corporation's gross margin declined,which of the following is TRUE?

Use the table for the question(s)below. Consider the following balance sheet: -Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its Market value Debt-Equity Ratio for 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 return on assets (ROA)is 12%,then ECE's return on equity (ROE)is:

Which of the following statements regarding net income transferred to retained earnings is correct?

Use the table for the question(s)below. Consider the following income statement and other information: -Wyatt Oil has a net profit margin of 4.0%,a total asset turnover of 2.2,total assets of $525 million,and a book value of equity of $220 million.Wyatt Oil's current return-on-assets (ROA)is closest to:

The statement of financial performance is also known as the:

Wyatt Oil has a net profit margin of 4.0%,a total asset turnover of 2.2,total assets of $525 million,and a book value of equity of $220 million.Wyatt Oil's current return-on-equity (ROE)is closest to:

A 30 year mortgage loan is a:

Suppose Novak Company experienced a reduction in its ROE over the last year.This fall could be attributed to:

What are the four financial statements that all public companies must produce?

The Dodd-Frank Wall Street Reform and Consumer Protection Act does the following:

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 table for the question(s)below. Consider the following income statement and other information: -Luther's return on equity (ROE)for the year ending December 31,2009 is closest to: