EXAM1Fall11 - FI 3300 - CORPORATION FINANCE Exam 1 Fall...

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FI 3300 - CORPORATION FINANCE – Exam 1 Fall 2011 NAME ______________________________________ DATE _____________________ READ ALL INSTRUCTIONS CAREFULLY! CLEARLY mark your answer for questions 1 through 15 on the attached answer sheet corresponding to the best correct answer. Do NOT remove the answer sheet from the exam. Only answers marked on the answer sheet will count towards your exam grade. There will be no partial credit for the bonus question. Be sure you’re rounding settings on your calculator are correct. If using the TI BA II Plus, hit ‘2 nd ’ then ‘.’ then ‘8’ and then ‘ENTER’ to set your rounding to 8 decimal places. 1. All else being constant, which of the following is FALSE about a firm in good financial health? a. It will have a lower debt ratio b. It will have lower dividends than Operating Cash Flows c. It will have a lower Times Interest Earned Ratio d. It will have a higher Current Ratio e. It will have a higher Gross Profit Margin 2. To create Common Size Financial Statements, one would divide Balance Sheet items by ___________ and Income Statement items by ___________. a. Assets, Assets b. Assets, Sales c. Sales, Assets d. Assets, Net Income e. Sales, Net Income 3. Stonitsch Construction Inc. has analyzed their financial statements and determined that their Return on Assets (ROA) is equal to 20%. It has also
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This note was uploaded on 12/04/2011 for the course FIN 3300 taught by Professor Toddstotnitch during the Fall '11 term at Georgia State University, Atlanta.

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EXAM1Fall11 - FI 3300 - CORPORATION FINANCE Exam 1 Fall...

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