  Part2考试新纲模拟题库02

Assume that a firm generally has solvency ratios very close to industry averages. An increase in which of the following ratios would generally be considered a good sign when considering the solvency of a firm?
1、 Debt-to-equity ratio
2、 Financial leverage index
3、 Times interest earned
4、 Current ratio

During the current year, Beverly Industries reports an inventory turnover of 10 times, a gross profit margin of 30%, a net profit margin of 4%, and average inventory of \$21,000. What are net sales for the year?
1、 \$300,000
2、 \$2,800,000
3、 \$210,000
4、 \$700,000

MON Corporation has total assets of \$2,000,000. Its net profit margin is 5% with revenues of \$13,050,000, and its preferred dividends are \$25,000. What is MON Corporation's return on total assets ratio?
1、 0.48
2、 0.33
3、 0.36
4、 0.28

Assume that a firm has a positive return on assets (ROA) that is less than 100%. What is the effect on return on assets if this firm purchases a new asset for cash and the result is an increase in net income?
1、 Return on assets will decrease.
2、 Return on assets is not calculated using net income.
3、 Return on assets will remain the same.
4、 Return on assets will increase.

ABC Company has revenues of \$5,000,000, with net income of \$750,000. Its total assets are \$6,000,000 (with current assets of \$1,500,000), and its total liabilities are \$2,500,000 (with current liabilities of \$500,000). This leaves equity of \$3,500,000, of which \$500,000 is preferred shareholders' equity. ABC Company has 1,000,000 shares of common stock outstanding. What is ABC Company's book value per common share?
1、 \$3.50
2、 \$3
3、 \$2
4、 \$1

At the end of the current year, a firm had a dividend yield of 3% and a price-to-earnings ratio of 20X. If fully diluted earnings per share is \$.72, what is the dividend paid on each share of common stock?
1、 ￥0.60
2、 \$0.43
3、 \$0.22
4、 \$0.14

A firm's total assets are \$3,000,000 and its total equity is \$2,000,000. If current assets represent 50% of total assets and current liabilities represent 30% of total liabilities, then what is the firm's working capital?
1、 \$500,000
2、 \$4,000,000
3、 \$1,200,000
4、 \$1,800,000

For the year just ended, Beechwood Corporation had income from operations of \$198,000 and net income of \$96,000. Additional financial information is given below.Beechwood has no other equity issues outstanding. Beechwood’s return on shareholders’ equity for the year just ended is
1、 19.9%.
2、 19.2%.
3、 39.5%.
4、 32.0%.

CDY Company has net income of \$500,000 and average assets of \$2,000,000. If its profit margin is 20%, then what is its asset turnover ratio?
1、 1.5
2、 1
3、 1.25
4、 0.8

Which of the following correctly defines the relationship between profit margin and asset turnover?
1、 ROA using the DuPont model is calculated by subtracting asset turnover from profit margin.
2、 ROA using the DuPont model is calculated by multiplying profit margin times asset turnover.
3、 ROA using the DuPont model is calculated by dividing profit margin by asset turnover
4、 There is no relationship between profit margin and asset turnover.  • CMA考试
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