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
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