Which one of the following is correct in relation to pro forma statements?
Multiple Choice Quizzes with Answer in English (Page: 385)
Which one of the following statements is correct?
You are getting ready to prepare pro forma statements for your business. Which one of the following are you most apt to estimate first as you begin this process?
Which one of the following statements concerning financial planning for a firm is correct?
Financial planning:
The sustainable growth rate of a firm is best described as the:
The internal growth rate of a firm is best described as the:
Which one of the following ratios identifies the amount of assets a firm needs in order to generate $1 in sales?
Which one of the following correctly defines the retention ratio?
Which one of the following terms is defined as dividends paid expressed as a percentage of net income?
Which one of the following terms is applied to the financial planning method which uses the projected sales level as the basis for determining changes in balance sheet and income statement account values?
Atlas Industries combines the smaller investment proposals from each operational unit into a single project for planning purposes. This process is referred to as which one of the following?
Phil is working on a financial plan for the next three years. This time period is referred to as which one of the following?
Beach Wear has current liabilities of $350,000, a quick ratio of 1.65, inventory turnover of 3.2, and a current ratio of 2.9. What is the cost of goods sold?
The Dockside Inn has net income for the most recent year of $8,450. The tax rate was 38 percent. The firm paid $1,300 in total interest expense and deducted $1,900 in depreciation expense. What was the cash coverage ratio for the year?
A firm has a debt-total asset ratio of 74 percent and a return on total assets of 13 percent. What is the return on equity?
Gladstone Pavers has a long-term debt ratio of 0.6 and a current ratio of 1.3. Current liabilities are $700, sales are $4,440, the profit margin is 9.5 percent, and the return on equity is 19.5 percent. How much does the firm have in net fixed assets?
Billings, Inc. has net income of $161,000, a profit margin of 7.6 percent, and an accounts receivable balance of $127,100. Assume that 66 percent of sales are on credit. What is the days’ sales in receivables?
Canine Supply has sales of $2,200, total assets of $1,400, and a debt-equity ratio of 0.3. Its return on equity is 15 percent. What is the net income?
Charlie’s Chicken has a debt-equity ratio of 2.05. Return on assets is 9.2 percent, and total equity is $560,000. What is the net income?