practice midterm (winter 2014) with solution - COMMERCE 2202 FINANCE I Winter 2014 Midterm Examination Time 2 hours Name Student Number Instructions

practice midterm (winter 2014) with solution - COMMERCE...

This preview shows page 1 - 4 out of 15 pages.

COMMERCE 2202, FINANCE I Winter 2014 Midterm Examination Time: 2 hours Name: Student Number Instructions: Please read the questions carefully. Answer the question in the space provided. If there is insufficient space, use the back of the previous page. SHOW YOUR METHODOLOGY; final answers alone carry near zero marks. State any assumptions you make. Turn your cell phone off. Organization Value Student Mark Part 1 Multiple Choice 30 Part 2 Problem 1 20 Problem 2 20 Problem 3 30 - Total Points
Image of page 1
Dalhousie University Midterm Exam Winter 2014 1 Part 1. Multiple choices (30 Pts) For all multiple choice questions, answer on the scantron provided. Each question is worth 1 mark. 1. ____________ refers to the difference between a firm's current assets and its current liabilities. A) Operating cash flow B) Capital spending C) Net working capital D) Cash flow from assets E) Cash flow to creditors Ans: C Level: Basic Subject: Net Working Capital Type: Definitions 2. A(n) _________ asset is one which can be quickly converted into cash without significant loss in value. 3. Financial leverage refers to: 4. The common set of standards and procedures by which audited financial statements are prepared is known as:
Image of page 2
Dalhousie University Midterm Exam Winter 2014 2 5. The financial statement summarizing a firm's performance over a period of time is the: A) Income statement. B) Balance sheet. C) Statement of cash flows. D) Tax reconciliation statement. E) Shareholders' equity sheet. Ans: A Level: Basic Subject: Income Statement Type: Definitions 6. Earnings per share is equal to:
Image of page 3
Image of page 4

You've reached the end of your free preview.

Want to read all 15 pages?

  • Summer '19
  • Net Income, Generally Accepted Accounting Principles

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture