Finance 313 Chapter 3 Practice Quiz

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

This preview shows pages 1–2. Sign up to view the full content.

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

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

## 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.

### Page1 / 2

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

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online