Question 71 The quick ratio is considered a more conservative measure of liquidity than the current ratio because the quick ratio excludes: A) accounts receivable, which may not be collectible in the short term. B) short-term marketable securities, which may need to be sold at a significant loss. C) inventories, which are not necessarily liquid. D) any short-term assets other than cash and cash equivalents. Question 72 The set of internal controls, processes, and procedures that are used to manage publicly held firms is called: A) corporate bylaws. B) directors’ charter. C) the board of directors constitution. D) corporate governance. Question 73 Which of the following is least likely to be useful to an analyst who is estimating the pretax cost of a firm’s fixed-rate debt? A) The coupon rate on the firm’s existing debt. B) The yield to maturity of the firm’s existing debt. C) The rating and maturity of the firm’s existing debt. D) Seniority and any special covenants of the firm’s anticipated debt. Question 74 Which of the following is the most appropriate basis for the weights when calculating a firm’s weighted average cost of capital? A) The firm’s current capital structure using book values. B) The firm’s current capital structure using market values. C) The firm’s industry average capital structure. D) The firm’s target capital structure.
Question 75 When preparing cash flow forecasts, statistical models of sales and credit collections are most often used for: A) medium-term cash flow expenditures. B) short-term cash flow forecasts. C) short term cash flow expenditures. D) long-term cash flow forecasts.
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发表于 2008-11-6 18:12
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