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1. Financial managers should primarily strive to:
2. The process of planning and managing a firm's long-term assets is called:
3. Which one of the following actions by a financial manager creates an agency
problem?
4. Which one of these is a cash outflow from a corporation?
5. For each of the following, compute the present value
6. Gerold invested $115 in an account that pays 5 percent simple interest. How
much money will he have at the end of 5 years?
7. What is the future value of $920 a year for 5 years at a 6 percent interest?
8. You bought 360 shares of stock at a total cost of $7,754.40. You received a total
of $403.20 in dividends and sold your shares for $19.98 a share. What was your
total rate of return?
9. A year ago, you purchased 500 shares of New Tech stock at a price of $49.03
per share. The stock pays an annual dividend of $.10 per share. Today, you sold all
of your shares for $58.14 per share. What is your total dollar return on this
investment?
10. The financial statement summarizing a firm's accounting performance over a
period of time is the:
11. Which one of these accounts is classified as a current asset on the balance
sheet?
12. Net working capital is defined as:
13. Which one of these equations is an accurate expression of the balance sheet?
14. The Purple Martin has annual sales of $4,900, total debt of $1,280, total equity
of $2,300, and a profit margin of 5 percent. What is the return on assets?
15. A firm has a debt-equity ratio of .35. What is the total debt ratio?
16. Galaxy United, Inc.
2009 Income Statement
($ in millions)
What is the quick ratio for 2009?
17. Reliable Cars has sales of $3,700, total assets of $3,050, and a profit margin of
5 percent. The firm has a total debt ratio of 41 percent. What is the return on
equity?