Finance 313 Chapter 3 Practice Quiz

Finance 313 Chapter 3 Practice Quiz - Chapter 03 Quiz Use...

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Chapter 03 Quiz Use the following financial statements to answer this quiz. Balance Sheet Income Statement Cash $ 2,300 Accounts payable $ 4,200 Sales $71,500 Accounts receivable 4,600 Long-term debt 26,500 Cost of goods sold 52,900 Inventory 11,800 Common stock 20,000 Depreciation 5,400 Net fixed assets 44,700 Retained earnings 12,700 Interest 500 Total assets $63,400 $63,400 Taxes 4,300 Net income $ 8,400 Select the best answer. All answers are rounded. ________ 1. What is the debt-equity ratio? a. 0.42 b. 0.57 c. 0.81 d. 0.94 ________ 2. How many days on average does it take the firm to sell its inventory? a. 4.48 days b. 5.57 days c. 65.53 days d. 81.42 days ________ 3. What is the times interest earned ratio? a. 16.8 b. 21.9 c. 26.4 d. 29.7 ________ 4. What is the profit margin? a. 2.72 percent b. 5.00 percent c. 11.75 percent d. 11.00 percent ________ 5. What is the return on equity? a. 20.71 percent
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This note was uploaded on 03/20/2011 for the course FIN 313 taught by Professor Richey,gregm during the Spring '11 term at CSU San Bernardino.

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Finance 313 Chapter 3 Practice Quiz - Chapter 03 Quiz Use...

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