财务管理 chapter3 习题复习进程Word格式.docx

财务管理 chapter3 习题复习进程Word格式.docx

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c

2. 

Projectedfuturefinancialstatementsarecalled:

plugstatements.

proformastatements.

reconciledstatements.

aggregatedstatements.

noneoftheabove.

PROFORMASTATEMENTS

B

3. 

Thepercentageofsalesmethod:

requiresthatallaccountsgrowatthesamerate.

separatesaccountsthatvarywithsalesandthosethatdonotvarywithsales.

allowstheanalysttocalculatehowmuchfinancingthefirmwillneedtosupportthepredictedsaleslevel.

BothAandB.

BothBandC.

Medium

PERCENTAGEOFSALES

E

4. 

A_____standardizesitemsontheincomestatementandbalancesheetasapercentageoftotalsalesandtotalassets,respectively. 

taxreconciliationstatement

statementofstandardization

statementofcashflows

common-baseyearstatement

common-sizestatement

COMMON-SIZESTATEMENTS

5. 

Relationshipsdeterminedfromafirm'

sfinancialinformationandusedforcomparisonpurposesareknownas:

financialratios.

comparisonstatements.

dimensionalanalysis.

scenarioanalysis.

solvencyanalysis.

A

FINANCIALRATIOS

6. 

Financialratiosthatmeasureafirm'

sabilitytopayitsbillsovertheshortrunwithoutunduestressareknownas_____ratios. 

assetmanagement

long-termsolvency

short-termsolvency

profitability

marketvalue

SHORT-TERMSOLVENCYRATIOS

C

7. 

Thecurrentratioismeasuredas:

currentassetsminuscurrentliabilities.

currentassetsdividedbycurrentliabilities.

currentliabilitiesminusinventory,dividedbycurrentassets.

cashonhanddividedbycurrentliabilities.

currentliabilitiesdividedbycurrentassets.

CURRENTRATIO

8. 

Thequickratioismeasuredas:

cashonhandpluscurrentliabilities,dividedbycurrentassets.

currentliabilitiesdividedbycurrentassets,plusinventory.

currentassetsminusinventory,dividedbycurrentliabilities.

currentassetsminusinventoryminuscurrentliabilities.

QUICKRATIO

D

9. 

Thecashratioismeasuredas:

currentassetsminuscashonhand,dividedbycurrentliabilities.

currentliabilitiespluscurrentassets,dividedbycashonhand.

cashonhandplusinventory,dividedbycurrentliabilities.

CASHRATIO

10. 

Ratiosthatmeasureafirm'

sfinancialleverageareknownas_____ratios. 

LONG-TERMSOLVENCYRATIOS

11. 

Thefinancialratiomeasuredastotalassetsminustotalequity,dividedbytotalassets,isthe:

totaldebtratio.

equitymultiplier.

debt-equityratio.

currentratio.

timesinterestearnedratio.

TOTALDEBTRATIO

12. 

Thedebt-equityratioismeasuredastotal:

equityminustotaldebt.

equitydividedbytotaldebt.

debtdividedbytotalequity.

debtplustotalequity.

debtminustotalassets,dividedbytotalequity.

DEBT-EQUITYRATIO

13. 

Theequitymultiplierratioismeasuredastotal:

equitydividedbytotalassets.

equityplustotaldebt.

assetsminustotalequity,dividedbytotalassets.

assetsplustotalequity,dividedbytotaldebt.

assetsdividedbytotalequity.

EQUITYMULTIPLIER

14. 

Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,dividedbyinterestexpenseisthe:

cashcoverageratio.

grossmargin.

TIMESINTERESTEARNEDRATIO

15. 

Thefinancialratiomeasuredasearningsbeforeinterestandtaxes,plusdepreciation,dividedbyinterestexpense,isthe:

CASHCOVERAGERATIO

16. 

Ratiosthatmeasurehowefficientlyafirmusesitsassetstogeneratesalesareknownas_____ratios. 

ASSETMANAGEMENTRATIOS

17. 

Theinventoryturnoverratioismeasuredas:

totalsalesminusinventory.

inventorytimestotalsales.

costofgoodssolddividedbyinventory.

inventorytimescostofgoodssold.

inventorypluscostofgoodssold.

INVENTORYTURNOVER

18. 

Thefinancialratiodays'

salesininventoryismeasuredas:

inventoryturnoverplus365days.

inventorytimes365days.

inventorypluscostofgoodssold,dividedby365days.

365daysdividedbytheinventory.

365daysdividedbytheinventoryturnover.

DAYS'

SALESININVENTORY

19. 

Thereceivablesturnoverratioismeasuredas:

salesplusaccountsreceivable.

salesdividedbyaccountsreceivable.

salesminusaccountsreceivable,dividedbysales.

accountsreceivabletimessales.

accountsreceivabledividedbysales.

RECEIVABLESTURNOVER

20. 

salesinreceivablesismeasuredas:

receivablesturnoverplus365days.

accountsreceivabletimes365days.

accountsreceivableplussales,dividedby365days.

365daysdividedbythereceivablesturnover.

365daysdividedbytheaccountsreceivable.

SALESINRECEIVABLES

21. 

Thetotalassetturnoverratioismeasuredas:

salesminustotalassets.

salesdividedbytotalassets.

salestimestotalassets.

totalassetsdividedbysales.

totalassetsplussales.

TOTALASSETTURNOVER

22. 

Ratiosthatmeasurehowefficientlyafirm'

smanagementusesitsassetsandequitytogeneratebottomlinenetincomeareknownas_____ratios. 

PROFITABILITYRATIOS

23. 

Thefinancialratiomeasuredasnetincomedividedbysalesisknownasthefirm'

s:

profitmargin.

returnonassets.

returnonequity.

assetturnover.

earningsbeforeinterestandtaxes.

PROFITMARGIN

24. 

Thefinancialratiomeasuredasnetincomedividedbytotalassetsisknownasthefirm'

RETURNONASSETS

25. 

Thefinancialratiomeasuredasnetincomedividedbytotalequityisknownasthefirm'

RETURNONEQUITY

26. 

Thefinancialratiomeasuredasthepricepershareofstockdividedbyearningspershareisknownasthe:

price-earningsratio.

DuPontidentity.

PRICE-EARNINGSRATIO

27. 

Themarket-to-bookratioismeasuredas:

totalequitydividedbytotalassets.

netincometimesmarketpricepershareofstock.

netincomedividedbymarketpricepershareofstock.

marketpricepershareofstockdividedbyearningspershare.

marketvalueofequitypersharedividedbybookvalueofequitypershare.

MARKET-TO-BOOKRATIO

28. 

The_____breaksdownreturnonequityintothreecomponentparts. 

DuPontidentity

returnonassets

assetturnoverratio

equitymultiplier

DUPONTIDENTITY

29. 

TheExternalFundsNeeded（EFN）equationdoesnotmeasurethe:

additionalassetrequirementsgivenachangeinsales.

additionaltotalliabilitiesraisedgiventhechangeinsales.

rateofreturntoshareholdersgiventhechangeinsales.

netincomeexpectedtobeearnedgiventhechangeinsales.

EXTERNALFUNDSNEEDED

30. 

Tocalculatesustainablegrowthratewithoutusingreturnonequity,theanalystneedsthe:

pa