FIN/571 – 46335444 / Assignment: Week 2 Practice Quiz
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Multiple Choice Question 53 Which one of the following statements about trend analysis is NOT correct?
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Multiple Choice Question 68
Coverage ratios: Sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its cash coverage ratio?
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14.15 times |
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None of these |
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15.42 times |
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18.34 times |
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Multiple Choice Question 68 Multiples analysis: Turner Corp. has debt of $230 million and generated a net income of $121 million in the last fiscal year. In attempting to determine the total value of the firm, an investor identified a similar firm in Jacobs, Inc., an all-equity firm. This firm had 150 million shares outstanding, a share price of $14.25, and net income of $182 million. What is the total value of Turner Corp.? Round to the nearest million dollars.
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| Multiple Choice Question 46 |
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Coverage ratios, like times interest earned and cash coverage ratio, allow
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a firm’s creditors to assess how well the firm will meet its interest obligations. |
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a firm’s creditors to assess how well the firm will meet its short-term liabilities other than interest expense. |
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a firm’s management to assess how well they meet short-term liabilities. |
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a firm’s shareholders to assess how well the firm will meet its short-term liabilities. |
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Multiple Choice Question 54 Peer group analysis can be performed by
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| Multiple Choice Question 61 |
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Efficiency ratio: If Viera, Inc., has an accounts receivable turnover of 3.9 times and net sales of $3,436,812, what is its level of receivables?
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$13,403,567 |
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$1,340,357 |
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$81,234 |
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$881,234 |
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