Question 66 Which of the following items for a mutual funds company is least likely to be considered an operating item on the income statement? A) Interest income. B) Interest expense. C) Income tax expense. D) Financing expenses. Question 67
Question 67 The correct financial statement adjustments for a take-or-pay contract and for a sale of receivables with recourse that has been reported as a true sale would: Take-or-pay contract Sale of receivables with recourse A) not affect the current ratio decrease the total debt-to-equity ratio B) decrease the current ratio increase the total debt-to-equity ratio C) decrease the current ratio decrease the total debt-to-equity ratio D) not affect the current ratio increase the total debt-to-equity ratio Question 68
Question 68 The financial analyst for Markham Inc. has reviewed the most recent financial statements and observed that while sales are up 10%, trade payables are up 20% and short-term liabilities are unchanged. There has also been an increase in advances from customers, also a liability. Based on this information, which of the following effects on Markham’s liquidity are most likely with respect to these changes? Short-term borrowings Advances to customers A) Stable or decreased risk of liquidity problems Deteriorating liquidity position B) Increased risk of liquidity problems Stable or improving liquidity position C) Increased risk of liquidity problems Deteriorating liquidity position D) Stable or decreased risk of liquidity problems Stable or improving liquidity position Question 69
Question 69 An analyst prepared the following selected horizontal common-size balance sheet data for Spider Corporation:
In the base year, Spider’s current ratio was 1.5. Spider’s current ratio as of December 31, 20X7 is closest to: A) 0.86. B) 1.50. C) 1.29. D) 1.16. Question 70
Question 70 Edelman Enginenering is considering including an overhead pulley system in this year's capital budget. The cash outlay for the pully system is $22,430. The firm's cost of capital is 14%. After-tax cash flows, including depreciation are $7,500 for each of the next 5 years. Calculate the internal rate of return (IRR) and the net present value (NPV) for the project, and indicate the correct accept/reject decision. NPV IRR Accept/Reject A) $15,070
14% Accept B) $15,070
14% Reject C) $3,318 20% Accept D) $3,318 20% Reject
[此贴子已经被作者于2008-11-8 9:47:45编辑过] | 
发表于 2008-5-10 14:09
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