Fin 200 Final Exam Guide

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FIN 200 Final Exam Guide 1) Maximization of shareholder wealth is a concept in which 2) What is the primary goal of financial management? 3) One of the major disadvantages of a sole proprietorship is 4) The statement of cash flows does NOT include which of the following sections? 5) Which of the following is not a primary source of capital to the firm? 6) Which account represents the cumulative earnings of the firm since its formation, minus dividends paid? 7) The most rigorous test of a firm’s ability to pay its short-term obligations is its

8) In examining the liquidity ratios, the primary emphasis is the firm’s
9) Which of the following is not considered to be a profitability ratio?

View Full Image

Refer to the figure above. The firm’s inventory turnover ratio is

11) View Full Image
Refer to the figure above. Megaframe’s current ratio is

12) ViewFull Image

Refer to the figure above. The firm’s debt to asset ratio is

13) In general, the larger the portion of a firm’s sales that are on credit, the 14) In financial statements, the number of units shown in cost of goods sold as compared to the number of the units actually produced

15) In order to estimate production requirements, we 16) The key initial element in developing pro forma statements is

17) A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?

18) The difference between total receipts and total payments is referred to as

19) The concept of…...

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