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Q6. The Baker Company has an accrued postretirement benefit cost of $3 million on its balance sheet. Examining the
notes to Baker's financial statements you find that the accumulated postretirement benefit obligation is $2.5
million. The adjustment you would make to Baker's reported balance sheet in analysis of these statements would
be:
A) a reduction in the reported postretirement obligation of $0.5 million.
B) an increase in plan assets of $0.5 million.
C) an increase in the reported postretirement obligation of $0.5 million.
Q7. The following information is obtained from footnotes to ABC's financial statements and other sources:
§ Inventories are valued at cost as determined by the first in, first out (FIFO) method.
§ Additional operating facilities are financed with operating leases that have a present value of $10 million.
§ Intangible assets represent $8 million of goodwill from previous acquisitions.
§ Due to a decrease in interest rates, ABC's long-term debt has a current market value of $25 million.
§ The current market price of ABC's preferred stock is $50 per share.
§ Sales revenue for the period is $250 million.
ABC's ratio of long-term debt to equity based on the historical cost balance sheet is:
A) 0.30.
B) 0.62.
C) 0.50.
Q8. ABC's fixed-asset turnover based on the historical balance sheet is:
A) 1.92 times.
B) 2.78 times.
C) 3.13 times.
Q9. ABC's ratio of long-term debt to equity based on the adjusted balance sheet is:
A) 0.62.
B) 0.30.
C) 0.50.
[此贴子已经被作者于2009-3-3 11:28:15编辑过] | 
发表于 2009-3-3 11:20
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