46、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
Two companies operating in the same industry both achieved the same return on owner's equity with the same net sales, but the two companies were different with respect to return on total assets. Compared with the company that had the higher return on total assets, the company with the lower return on total assets most likely had a higher: Select exactly 1 answer(s) from the following:
A. net profit margin. B. total asset turnover. C. financial leverage multiplier. D. proportion of common equity in the capital structure.
47、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. If an analyst is preparing common-size financial statements for several companies in the same industry, the most appropriate way of expressing the interest expense for each company is as a percentage of: Select exactly 1 answer(s) from the following:
A. sales for the industry. B. sales for that company. C. total interest-bearing debt for the industry. D. total interest-bearing debt for that company.
48、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. An analyst gathered the following information about three equipment sales that a company made at the end of the year:
| Original Cost | Accumulated Depreciation
at Date of Sale | Sale
Proceeds | 1 | $200,000 | $150,000 | $70,000 | 2 | $200,000 | $200,000 | $30,000 | 3 | $300,000 | $250,000 | $40,000 |
All else equal for that year, the company's cash flow from operations will most likely be: Select exactly 1 answer(s) from the following:
A. $40,000 less than net income. B. $10,000 less than net income. C. $10,000 more than net income. D. $40,000 more than net income. 49、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
The following information is from a company's 2007 financial statements ($ millions): Balances as of the year ended 31 December | 2007 | 2006 | Retained earnings | 140 | 120 | Accounts receivable | 43 | 38 | Inventory | 48 | 45 | Accounts payable | 29 | 36 |
The company declared and paid cash dividends of $5 million in 2007 and recorded depreciation expense in the amount of $25 million for 2007. The company's 2007 cash flow from operations ($ millions) was closest to: Select exactly 1 answer(s) from the following:
A. 10. B. 25. C. 30. D. 35. 50、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
A company using the LIFO inventory method reported a $20,000 decrease in the LIFO reserve during the year that reduced the LIFO reserve to $85,000 at year-end. If the company had used FIFO instead of LIFO in that year, the company's financial statements would have reported: Select exactly 1 answer(s) from the following:
A. a lower cost of goods sold, but a higher inventory balance. B. a higher cost of goods sold, but a lower inventory balance. C. both a lower cost of goods sold and a lower inventory balance. D. both a higher cost of goods sold and a higher inventory balance. | 
发表于 2008-11-6 14:12
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