Fin/ 571 quiz 2
1- Which one of the following statements about trend analysis is NOT correct? Sole proprietorship
a- All of these are true statements.
b- The standard industrial classification (SIC) system is used to identify benchmark firms.
c- This benchmark is based on a firm’s historical performance.
d- It allows management to examine each ratio over time and determine whether the trend is good or bad for the firm.
2- Coverage ratios: sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its coverage ratio?
a- 14.5 times
b- 15.42 times
c- None of these
d- 18.34 times
3- Multiples analysis: turner corp. had debt of $230 million and generated a net income of $ 121 million in the last fiscal year. In attempting to determine the total value of the firm, an investor identified a similar firm in Jacob’s Inc., an all –equity firm. This firm had 150 million shares outstanding, a share price of $14.25, and net income of $182 million. What is the total value of Turner Corp? Round to the nearest million dollars
a- $1,421 million
b- $1,715 million
c- $1,191 million
d- $1,651 million
4- Coverage ratios, like times interest earned and cash coverage ratio, allow
a- Afirm’s management to assess how well they meet short-term liabilities.
b- A firm’s shareholders to assess how well the firm will meet its short-term liabilities.
c- A firm’s creditors to assess how well the firm will meet its short-term liabilities other than interest expense.
d- A firm’s creditors to assess how well the firm will meet its interest obligations.
5- Peer group analysis can be performed by
a- Management choosing a set of firms that are similar in size or sales, or who compete in the same market.
b- Using the average ratios of this peer group which would then be used as the benchmark.
c- Identifying firms in the same industry that are grouped by size, sales, and product lines, in order to establish benchmark ratios.
d- Only a and b relate to peer group analysis.
6- Efficiency ratio: If Viera, Inc., has an accounts receivable turnover of 3.9 times and net sales of $ 3,436,812, what is its level of receivables?
a- $ 81,234
b- $ 881,234
c- $ 13,403,567
Why Choose Us
At Myhomeworkwriters.com, we always aim at 100% customer satisfaction. As such, we never compromise o the quality of our homework services. Our homework helpers ensure that they craft each paper carefully to match the requirements of the instruction form.
Professional Academic Writers
With Myhomeworkwriters.com, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.
Our company maintains a fair pricing system for all academic writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.
My Homework Writers guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.
Myhomeworkwriters.com maintains a zero-plagiarism policy in all papers. As such, My Homework Writers professional academic writers ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.
Customer Support 24/7
Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email: firstname.lastname@example.org.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our writers complete papers strictly according to your instructions and needs, no matter what university, college, or high school you study in.
Our Homework Writing Services
My Homework Writers holds a reputation for being a platform that provides high-quality homework writing services. All you need to do is provide us with all the necessary requirements of the paper and wait for quality results.
At My Homework Writers, we have highly qualified academic gurus who will offer great assistance towards completing your essays. Our homework writing service providers are well-versed with all the aspects of developing high-quality and relevant essays.
Admission and Business Papers
With Myhomeworkwriters.com, we will help you secure a position at your desired institution. Our essay writing services include the crafting of admissions papers. We will still help you climb your career ladder by helping you write the official papers that will help you secure a job. We will guide you on how to write an outstanding portfolio or resume.
Editing and Proofreading
Myhomeworkwriters.com has a professional editorial team that will help you organize your paper, paraphrase it, and eliminate any possible mistakes. Also, we will help you check on plagiarism to ensure that your final paper posses quality and originality.
My Homework Writers harbors professional academic writers from diverse academic disciplines. As such, we can develop homework writing services in all academic areas. The simplicity or complexity of the paper does not affect the quality of homework writing services.