lsson
Multiple Choice Question 51
Which of the following is considered a hybrid organizational form?
corporation
sole proprietorship
limited liability partnership
partnership
Multiple Choice Question 59
Which of the following is a principal within the agency relationship?
the CEO of the firm
the board of directors
a company engineer
a shareholder
Multiple Choice Question 78
Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the end of that accounting period?
The statement of retained earnings.
The statement of working capital.
The statement of cash flows.
The statement of net worth.
Multiple Choice Question 57
Teakap, Inc., has current assets of $ 1,456,312 and total assets of $4,812,369 for the year ending September 30, 2006. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained earnings of $1,468,347. How much long-term debt does the firm have?
$2,303,010
$1,844,022
$2,123,612
$803,010
Multiple Choice Question 63
Efficiency ratio: Gateway Corp. has an inventory turnover ratio of 5.6. What is the firm's days's sales in inventory?
65.2 days
64.3 days
61.7 days
57.9 days
Multiple Choice Question 70
Leverage ratio: Your firm has an equity multiplier of 2.47. What is its debt-to-equity ratio?
1.74
0
0.60
1.47
Multiple Choice Question 84
Which of the following is not a method of “benchmarking”?
Conduct an industry group analysis.
Identify a group of firms that compete with the company being analyzed.
Utilize the DuPont system to analyze a firm’s performance.
Evaluating a single firm’s performance over time.
Multiple Choice Question 67
Present value: Jack Robbins is saving for a new car. He needs to have $ 21,000 for the car in three years. How much will he have to invest today in an account
Which of the following is considered a hybrid organizational form?
corporation
sole proprietorship
limited liability partnership
partnership
Multiple Choice Question 59
Which of the following is a principal within the agency relationship?
the CEO of the firm
the board of directors
a company engineer
a shareholder
Multiple Choice Question 78
Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the end of that accounting period?
The statement of retained earnings.
The statement of working capital.
The statement of cash flows.
The statement of net worth.
Multiple Choice Question 57
Teakap, Inc., has current assets of $ 1,456,312 and total assets of $4,812,369 for the year ending September 30, 2006. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained earnings of $1,468,347. How much long-term debt does the firm have?
$2,303,010
$1,844,022
$2,123,612
$803,010
Multiple Choice Question 63
Efficiency ratio: Gateway Corp. has an inventory turnover ratio of 5.6. What is the firm's days's sales in inventory?
65.2 days
64.3 days
61.7 days
57.9 days
Multiple Choice Question 70
Leverage ratio: Your firm has an equity multiplier of 2.47. What is its debt-to-equity ratio?
1.74
0
0.60
1.47
Multiple Choice Question 84
Which of the following is not a method of “benchmarking”?
Conduct an industry group analysis.
Identify a group of firms that compete with the company being analyzed.
Utilize the DuPont system to analyze a firm’s performance.
Evaluating a single firm’s performance over time.
Multiple Choice Question 67
Present value: Jack Robbins is saving for a new car. He needs to have $ 21,000 for the car in three years. How much will he have to invest today in an account