Answers1 - 1. The financial statement showing a firm's...

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1. The financial statement showing a firm’s accounting value on a particular date is the: a. income statement. b. balance sheet. c. statement of cash flows. d. tax reconciliation statement. e. shareholders’ equity sheet. 2. A firm has a debt-equity ratio of .40. What is the total debt ratio? a. .29 b. .33 c. .67 d. 1.40 e. 1.50 3. Financial leverage refers to the: a. amount of debt used in a firm’s capital structure. b. ratio of retained earnings to shareholders’ equity. c. ratio of paid-in surplus to shareholders’ equity. d. ratio of cost-of-goods-sold to total sales. e. amount of receivables present in the firm’s asset structure. 4. 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. 5. _____ refers to the firm’s interest payments less any net new borrowing. a.
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Answers1 - 1. The financial statement showing a firm's...

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