Finance

6 years ago

The firm's assets and liabilities at a given point in time are reported on the firm's:

The firm's assets and liabilities at a given point in time are reported on the firm's:
A) income statement or statement of financial performance.
B) income statement or statement of financial position.
C) balance sheet or sta

Memphic 113 1 Reply

6 years ago

Zoe Dental Implements has gross property, plant and equipment totaling $1.4 million, depreciation ...

Zoe Dental Implements has gross property, plant and equipment totaling $1.4 million, depreciation expense this year of $200,000, and accumulated depreciation last year of $550,000. What is Zoe's net property, plant and equipment?
A) $

Memphic 223 1 Reply

6 years ago

If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding, then ...

If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding, then ECE's market-to-book ratio is closest to:
A) 0.24
B) 4
C) 6
D) 30

johnpaech 83 1 Reply

6 years ago

Perrigo's book value of equity is closest to:

Perrigo's book value of equity is closest to:
A) $952.16 million
B) $3580.14 million
C) $4168.06 million
D) $4425.15 million

johnpaech 90 1 Reply

6 years ago

Perrigo's enterprise value is closest to:

Perrigo's enterprise value is closest to:
A) $952.16 million
B) $3580.14 million
C) $4168.06 million
D) $4425.15 million

Memphic 96 1 Reply

6 years ago

What is Luther's net working capital in 2008?

What is Luther's net working capital in 2008?
A) $12 million
B) $27 million
C) $39 million
D) $63.6 million

johnpaech 95 1 Reply

6 years ago

If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, ...

If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then Luther's Market-to-book ratio would be closest to:
A) 0.39
B) 0.76
C) 1.29
D) 2.57

Memphic 140 1 Reply

6 years ago

If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, ...

If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's Enterprise Value?
A) -$63.3 million
B) $353.1 million
C) $389.7 million
D) $516.9 million

johnpaech 127 1 Reply

6 years ago

If on December 31, 2008 Luther has 8 million shares outstanding trading at $15 per share, then what ...

If on December 31, 2008 Luther has 8 million shares outstanding trading at $15 per share, then what is Luther's enterprise value?

johnpaech 238 1 Reply

6 years ago

Which of the following statements regarding the income statement is INCORRECT?

Which of the following statements regarding the income statement is INCORRECT?
A) The income statement shows the earnings and expenses at a given point in time.
B) The income statement shows the flow of earnings and expenses generated by th

Memphic 77 1 Reply

6 years ago

Gross profit is calculated as:

Gross profit is calculated as:
A) Total sales - cost of sales - selling, general and administrative expenses - depreciation and amortization.
B) Total sales - cost of sales - selling, general and administrative expenses.
C) Total sales

johnpaech 101 1 Reply

6 years ago

Perrigo's earnings per share (EPS) is closest to:

Perrigo's earnings per share (EPS) is closest to:
A) $0.19
B) $1.79
C) $2.81
D) $3.76

johnpaech 63 1 Reply

6 years ago

The firm's revenues and expenses over a period of time are reported on the firm's:

The firm's revenues and expenses over a period of time are reported on the firm's:
A) income statement or statement of financial performance.
B) income statement or statement of financial position.
C) balance sheet or stateme

Memphic 93 1 Reply

6 years ago

The statement of financial performance is also known as the:

The statement of financial performance is also known as the:
A) balance sheet.
B) income statement.
C) statement of cash flows.
D) statement of stockholder's equity.

johnpaech 97 1 Reply

6 years ago

Assuming that Luther has no convertible bonds outstanding, then for the year ending December 31, ...

Assuming that Luther has no convertible bonds outstanding, then for the year ending December 31, 2009 Luther's diluted earnings per share are closest to:
A) $1.01
B) $1.04
C) $1.28
D) $1.33

johnpaech 113 1 Reply

6 years ago

Which of the following is (are) deducted from EBIT to determine pretax income?

Which of the following is (are) deducted from EBIT to determine pretax income?
A) Earnings per share
B) Interest expense
C) Corporate taxes
D) Both B and C

Memphic 62 1 Reply

6 years ago

Which of the following is (are) deducted from EBIT to determine net income?

Which of the following is (are) deducted from EBIT to determine net income?
A) Earnings per share
B) Interest expense
C) Corporate taxes
D) Both B and C

johnpaech 67 1 Reply

6 years ago

Which of the following is NOT a section on the cash flow statement?

Which of the following is NOT a section on the cash flow statement?
A) Income generating activities
B) Investing activities
C) Operating activities
D) Financing activities

Memphic 71 1 Reply

6 years ago

Which of the following statements regarding net income transferred to retained earnings is ...

Which of the following statements regarding net income transferred to retained earnings is correct?
A) Net income = net income transferred to retained earnings - dividends
B) Net income transferred to retained earnings = net income + divide

johnpaech 54 1 Reply

6 years ago

Which of the following is NOT a reason why cash flow may not equal net income?

Which of the following is NOT a reason why cash flow may not equal net income?
A) Amortization is added in when calculating net income.
B) Changes in inventory will change cash flows but not income.
C) Capital expenditures are not reco

Memphic 63 1 Reply

6 years ago

Which of the following adjustments to net income is NOT correct if you are trying to calculate cash ...

Which of the following adjustments to net income is NOT correct if you are trying to calculate cash flow from operating activities?
A) Add increases in accounts payable
B) Add back depreciation
C) Add increases in accounts receivable

Memphic 74 1 Reply

6 years ago

For the year ending December 31, 2009 Luther's cash flow from operating activities is:

johnpaech 105 1 Reply

6 years ago

For the year ending December 31, 2009 Luther's cash flow from investing activities is:

For the year ending December 31, 2009 Luther's cash flow from investing activities is:
A) 122.49
B) 358.2
C) 66.39
D) 295.71

johnpaech 95 1 Reply

6 years ago

For the year ending December 31, 2009 Luther's cash flow from financing activities is:

For the year ending December 31, 2009 Luther's cash flow from financing activities is:
A) 127.1
B) 123.2
C) 137.3
D) 132.6

johnpaech 73 1 Reply

6 years ago

Off-balance sheet transactions are required to be disclosed:

Off-balance sheet transactions are required to be disclosed:
A) in the management discussion and analysis.
B) in the auditor's report.
C) in the Securities and Exchange Commission's commentary.
D) in the statement of sto

johnpaech 72 1 Reply

6 years ago

Chloe Floral Company had segment earnings as follows (in ...

Chloe Floral Company had segment earnings as follows (in thousands):
         2016   2015
Greenery      $140   $125
Blooms         $240   $215
Pottery and Vases   $180   $155

Which segment had the highest percentage growth?
A) Greenery

Memphic 87 1 Reply

6 years ago

Perrigo's debt to equity ratio is closest to:

Perrigo's debt to equity ratio is closest to:
A) 0.24
B) 0.50
C) 0.75
D) 0.89

johnpaech 80 1 Reply

6 years ago

When using the book value of equity, the debt to equity ratio for Luther in 2009 is closest to:

When using the book value of equity, the debt to equity ratio for Luther in 2009 is closest to:
A) 0.43
B) 2.29
C) 2.98
D) 3.57

Memphic 116 1 Reply

6 years ago

If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, ...

If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value of equity, the debt to equity ratio for Luther in 2009 is closest to:
A) 1.47
B) 1.78
C) 2.31
D) 4.07

Memphic 119 1 Reply

6 years ago

Luther's quick ratio for 2008 is closest to:

Luther's quick ratio for 2008 is closest to:
A) 0.77
B) 0.87
C) 1.15
D) 1.30

johnpaech 78 1 Reply

6 years ago

IECE's Return on Assets (ROA) is:

IECE's Return on Assets (ROA) is:
A) 5.0%
B) 8.5%
C) 7.5%
D) 15.0%

johnpaech 71 1 Reply

6 years ago

Perrigo's price-earnings ratio (P/E) is closest to:

Perrigo's price-earnings ratio (P/E) is closest to:
A) 15.96
B) 21.85
C) 29.77
D) 35.64

Memphic 69 1 Reply

6 years ago

Luther's Operating Margin for the year ending December 31, 2008 is closest to:

Luther's Operating Margin for the year ending December 31, 2008 is closest to:
A) 0.5%
B) 0.7%
C) 5.4%
D) 6.8%

Memphic 95 1 Reply

6 years ago

Luther's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year ...

Luther's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year ending December 31, 2009 is closest to:
A) 19.7 million
B) 37.6 million
C) 41.2 million
D) 44.8 million

Memphic 88 1 Reply

6 years ago

Luther's return on equity (ROE) for the year ending December 31, 2009 is closest to:

Luther's return on equity (ROE) for the year ending December 31, 2009 is closest to:
A) 2.0%
B) 6.5%
C) 8.4%
D) 12.7%

Memphic 91 1 Reply

6 years ago

Luther's return on assets (ROA) for the year ending December 31, 2009 is closest to:

Luther's return on assets (ROA) for the year ending December 31, 2009 is closest to:
A) 1.6%
B) 6.7%
C) 2.3%
D) 2.6%

johnpaech 93 1 Reply

6 years ago

Calculate Luther's return of equity (ROE), return of assets (ROA), and price-to-earnings ratio ...

Calculate Luther's return of equity (ROE), return of assets (ROA), and price-to-earnings ratio (P/E) for the year ending December 31, 2008.

Memphic 114 1 Reply

6 years ago

If Luther's accounts receivable were $55.5 million in 2009, then calculate Luther's accounts ...

If Luther's accounts receivable were $55.5 million in 2009, then calculate Luther's accounts receivable days for 2009.

Memphic 59 1 Reply

6 years ago

Luther's EBIT coverage ratio for the year ending December 31, 2008 is closest to:

Luther's EBIT coverage ratio for the year ending December 31, 2008 is closest to:
A) 1.64
B) 1.78
C) 1.98
D) 2.19

Memphic 77 1 Reply