Fin 300- Exam 1 Study Guide

Fin 300- Exam 1 Study Guide - FIN 300 Exam 1 Homestretch...

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FIN 300 – Exam 1 – “Homestretch” Checklist Here is a list of problem types and issues that you might see – by the way, this is nothing new relative to what we have talked about in class (or the topics and types of calculations presented in my lecture slides) – it’s just a recap Financial Ratios/Retained Earnings/Taxes – Ch.’s 3&4 o Memorization of ROA, ROE, GPM, OPM, NPM, & DuPont formula (for ROA and ROE) – you have to know these o Know how to use the financial ratios provided on the posted copy of your Exam 1 formula sheet Also, make certain that you can convert across the debt ratio, debt-to- equity, and equity multiplier – in other words, given one of those 3, be able to calculate either of the other 2 (if you are unsure, go back to the set of lecture slides running through those calc’s.) o Know how to do problems relating NI, dividends, and the change in (balance sheet) retained earnings o Know how to apply marginal tax rates (also known as tax brackets) to calculate tax paid & know how to calculate the average tax rate Time Value of Money – Ch.’s 5&6 o Lump Sum Formula Problems – formula on formula sheet or use financial calculator Solve for FV (compound interest) Solve for PV (discounted) Solve for i (solve for rate of return or change) For example, for change in home price or change in some number such as sales for a company
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