Day 14-Midterm Exam Review-10.19.11

Day 14-Midterm Exam Review-10.19.11 - Day14...

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Business Management 201 Day 14 Midterm Exam Review October 19, 2011
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Day 14 Agenda 1) Women in Finance 6:00-7:00 Tonight in 710 TNRB 2) Midterm Exam in Testing Center October 19-21 3) POW #6: Duration & Citigroup  due Friday,  October 21 at 11:59 PM 4) Course Survey 5) Remaining TA Review Sessions this Week: TA Open Lab Session—Wednesday 12:00-2:00 in 135 TNRB TA Open Lab Session—Thursday 11:00 AM-12:00 PM in 3108 JKB TA Review Session—Thursday 5:00 PM-7:00 PM in 3714 HBLL TA Open Lab Session—Friday 11:00 AM-1:00 PM in 184 TNRB 1) Midterm Exam Review
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Midterm Exam  Midterm Exam  Review Review
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Midterm Exam Details 0 Questions  [2.5 points each]  ALL Multiple Choice o True/False Questions aterial Covered: Chapters 2-6 o Time Limit  [Average Time: 2 hours 9 minutes 55 seconds] ctober 19-21  [Testing Center closes at  10:00 PM ] inancial Calculator  [NO graphing calculators]
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Financial  Financial  Statements Statements
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Balance Sheet Assets Liabilities & Owners Equity Current Assets      Cash      Marketable Securities      Accounts Receivable      Prepaid Expenses       Inventories       Fixed Assets      Land      Plant & Equipment      Less:  Depreciation Current Liabilities      Accounts Payable      Notes Payable      Accrued Salaries Long-Term Liabilities      Mortgage Debt      Debentures Owners’ Equity      Common Stock  ($1 Par)      Add’l Paid In Capital      Retained Earnings Investment Decision Financing Decision
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Income Statement Income Statement REVENUE -   Cost of Goods/Services GROSS PROFIT - Operating Expenses                                        N ET OPERATING INCOME (NOI )   or   EARNINGS BEFORE INTEREST &   TAXES  (EBIT) - Interest Expense - Income Taxes NET INCOME - Dividends on Common & Preferred Stock INCREASE IN RETAINED EARNINGS
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Ratio Analysis Ratio Analysis
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RATIOS ANSWER QUESTIONS  ABOUT THE FIRM’S: 1) Liquidity 2) Efficiency 3) Leverage (Financing) 4) Profitability
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Key Liquidity Ratios Hint: What you are “turning over” is always the denominator. Current Ratio   =   Curr. Assets / Curr. Liabilities Quick Ratio  =  (Curr. Assets-Inventory) / Curr. Liabilities Average Collection Period  =  A.R. / Daily Credit Sales A/R Turnover  =  Credit Sales / A.R. Inventory Turnover  COGS / Inventory                                  
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Key Efficiency Ratios Hint: What you are “turning over” is always the denominator.
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