Reading 41: Financial Analysis Techniques - LOS d ～ Q33- following, black, class, border, company

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33.An analyst has gathered the following information about a company:

Balance Sheet
Assets
	Cash	100
	Accounts Receivable	750
	Marketable Securities	300
	Inventory	850
	Property, Plant & Equip	900
	Accumulated Depreciation	(150)
Total Assets		2750
Liabilities and Equity
	Accounts Payable	300
	Short-Term Debt	130
	Long-Term Debt	700
	Common Stock	1000
	Retained Earnings	620
Total Liab. and Stockholder's equity		2750
Income Statement
Sales		1500
COGS		1100
Gross Profit		400
SG&A		150
Operating Profit		250
Interest Expense		25
Taxes		75
Net Income		150

What is the quick ratio?

A)   0.62.

B)   0.37.

C)   2.67.

D)   1.53.

 

34.Which of the following is a measure of a firm's liquidity?

A)   Equity Turnover.

B)   Cash Ratio.

C)   ROE.

D)   Net Profit Margin.

 

35.Which of the following items is NOT in the numerator of the quick ratio?

A)   Cash.

B)   Marketable Securities.

C)   Receivables.

D)   Inventory.

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答案和详解如下：

33.An analyst has gathered the following information about a company:

Balance Sheet
Assets
	Cash	100
	Accounts Receivable	750
	Marketable Securities	300
	Inventory	850
	Property, Plant & Equip	900
	Accumulated Depreciation	(150)
Total Assets		2750
Liabilities and Equity
	Accounts Payable	300
	Short-Term Debt	130
	Long-Term Debt	700
	Common Stock	1000
	Retained Earnings	620
Total Liab. and Stockholder's equity		2750
Income Statement
Sales		1500
COGS		1100
Gross Profit		400
SG&A		150
Operating Profit		250
Interest Expense		25
Taxes		75
Net Income		150

What is the quick ratio?

A)   0.62.

B)   0.37.

C)   2.67.

D)   1.53.

The correct answer was C)

Quick ratio = [100(cash) + 750(AR) + 300(marketable securities)]/[300(AP) + 130(short-term debt.)] = 1,150/430 = 2.67

 

34.Which of the following is a measure of a firm's liquidity?

A)   Equity Turnover.

B)   Cash Ratio.

C)   ROE.

D)   Net Profit Margin.

The correct answer was B)

Equity turnover, ROE, and net profit margin are all measures of a company's operating performance.

 

35.Which of the following items is NOT in the numerator of the quick ratio?

A)   Cash.

B)   Marketable Securities.

C)   Receivables.

D)   Inventory.

The correct answer was D)

Quick ratio = (cash + marketable securities + receivables)/current liabilities

Current ratio = (cash + marketable securities + receivables + inventory)/current liabilities

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