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______ measure the company' s ability to meet short-term obligations through the cash conversion cycle.
A.Activity ratio
B.Liquidity ratio
C.Leverage ratio
D.Profitability ratio
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更多 “ ______ measure the company' s ability to meet short-term obligations through the cash conversion cycle.A.Activity ratioB.Liquidity ratioC.Leverage ratioD.Profitability ratio ” 相关考题
考题
Which of the following is not a measure of the profitability of a project or program?A . Return on original investment.B . Net present value.C . Depreciation.D . Discounted cash flow.E . None of the above
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Current ratio and quick ratio are two of the most common ratios used to analyze a firm’s short-term or liquidity position.()
此题为判断题(对,错)。
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137 Which of the following is not a measure of the profitability of a project or program?A. Return on original investment.B. Net present value.C. Depreciation.D. Discounted cash flow.E. None of the above
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John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows:(Expressed in RMB thousands)FINANCLAL STATEMENTS ITEMS20×820×7Sales6400048000Cost of sales5400042000Net profit30-20December 31, 20×8December 31, 20×7Inventory1600012000Current assets6000050000Total assets10000090000Current liabilities2000018000Total liabilities3000025000During the audit, John has the following findings:(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows:Dr. Cash in Bank RMB 5820000Dr. Financial Expenses RMB 180000Cr. Notes Receivable RMB 6000000(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows:Dr. Non-operating Expenses RMB 3000000Cr. Provisions RMB 3000000On January 10, 20×9,Company A received a judgment on repaying RMB 2500000to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows:Dr. Provisions RMB 3000000Cr. Cash in Bank RMB 2500000Cr. Non-operating Income RMB 500000Required:(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion.(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios:(a)Inventory Turnover Rate in 20×8;(b)Gross Profit Ratio in 20×8;(c)After Tax Return on Total Assets in 20×8; and(d)Current Ratio as at December 31, 20×8(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored.
考题
For the year just ended,N company had an earnings of$2 per share and paid a dividend of $1.2 0n its Stock.The growth rate in net income and dividend are both expected to be a constant 7 percent per year,indefinitely.N company has a Beta of 0.8,the risk-free interest rate is 6 percent,and the market risk premium is 8 percent.P Company is very similar to N company in growth rate,risk and dividend payout rati0.It had 20 million shares outstanding and an earnings of$36 million for the year just ended.The earnings will increase to$38.5 million the next year.Requirement:A.Calculate the expected rate of return on N company’S equity.B.Calculate N Company’S current price—eaming ratio and prospective price-earning rati0.C.Using N company’S current price-earning rati0,value P company’S stock price.D.Using N company’S prospective price-earning rati0,value P company’S stock price.
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24 Sigma’s bank statement shows an overdrawn balance of $38,600 at 30 June 2005. A check against the company’s cash book revealed the following differences:1 Bank charges of $200 have not been entered in the cash book.2 Lodgements recorded on 30 June 2005 but credited by the bank on 2 July $14,700.3 Cheque payments entered in cash book but not presented for payment at 30 June 2005 $27,800.4 A cheque payment to a supplier of $4,200 charged to the account in June 2005 recorded in the cash book as a receipt.Based on this information, what was the cash book balance BEFORE any adjustments?A $43,100 overdrawnB $16,900 overdrawnC $60,300 overdrawnD $34,100 overdrawn
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(b) Discuss the key issues which the statement of cash flows highlights regarding the cash flow of the company.(10 marks)
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The following information is relevant for questions 9 and 10A company’s draft financial statements for 2005 showed a profit of $630,000. However, the trial balance did not agree,and a suspense account appeared in the company’s draft balance sheet.Subsequent checking revealed the following errors:(1) The cost of an item of plant $48,000 had been entered in the cash book and in the plant account as $4,800.Depreciation at the rate of 10% per year ($480) had been charged.(2) Bank charges of $440 appeared in the bank statement in December 2005 but had not been entered in thecompany’s records.(3) One of the directors of the company paid $800 due to a supplier in the company’s payables ledger by a personalcheque. The bookkeeper recorded a debit in the supplier’s ledger account but did not complete the double entryfor the transaction. (The company does not maintain a payables ledger control account).(4) The payments side of the cash book had been understated by $10,000.9 Which of the above items would require an entry to the suspense account in correcting them?A All four itemsB 3 and 4 onlyC 2 and 3 onlyD 1, 2 and 4 only
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(iii) Calculate the cash remaining in the company as a result of the salary and dividend payments made in(ii) above. (1 mark)
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Before making a loan, potential lenders determine the borrower's ability to meet ______.A.scheduled paymentB.his creditorC.the government's requirementsD.financial information
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Accounts receivables consist of the () obligations owed to the company by its clients.
A. fixedB. long-termC. short-term
考题
Which of the following measures a company’s ability to pay its current liabilities ().
A.number of times interest charges earnedB.inventory turnoverC.earnings per shareD.current ratio
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– It’s our great pleasure to have you visit our company. --_________________A、Thank you.B、Nice to meet you.C、It’s our pleasure, too.D、Wonderful.
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KFP Co, a company listed on a major stock market, is looking at its cost of capital as it prepares to make a bid to buy a rival unlisted company, NGN. Both companies are in the same business sector. Financial information on KFP Co and NGN is as follows:NGN has a cost of equity of 12% per year and has maintained a dividend payout ratio of 45% for several years. The current earnings per share of the company is 80c per share and its earnings have grown at an average rate of 4·5% per year in recent years.The ex div share price of KFP Co is $4·20 per share and it has an equity beta of 1·2. The 7% bonds of the company are trading on an ex interest basis at $94·74 per $100 bond. The price/earnings ratio of KFP Co is eight times.The directors of KFP Co believe a cash offer for the shares of NGN would have the best chance of success. It has been suggested that a cash offer could be financed by debt.Required:(a) Calculate the weighted average cost of capital of KFP Co on a market value weighted basis. (10 marks)(b) Calculate the total value of the target company, NGN, using the following valuation methods:(i) Price/earnings ratio method, using the price/earnings ratio of KFP Co; and(ii) Dividend growth model. (6 marks)(c) Discuss the relationship between capital structure and weighted average cost of capital, and comment onthe suggestion that debt could be used to finance a cash offer for NGN. (9 marks)
考题
For the year just ended, N company had an earnings of$ 2 per share and paid a dividend of $ 1. 2 on its stock. The growth rate in net income and dividend are both expected to be a constant 7 percent per year, indefinitely. N company has a Beta of 0. 8, the risk - free interest rate is 6 percent, and the market risk premium is 8 percent.
P Company is very similar to N company in growth rate, risk and dividend. payout ratio. It had 20 million shares outstanding and an earnings of $ 36 million for the year just ended. The earnings will increase to $ 38. 5 million the next year.
Requirement :
A. Calculate the expected rate of return on N company 's equity.
B. Calculate N Company 's current price-earning ratio and prospective price - earning ratio.
C. Using N company 's current price-earning ratio, value P company 's stock price.
D. Using N company 's prospective price - earning ratio, value P company 's stock price.
考题
The United States will do that which is necessary to meet its ______ to its own citizens.A.rules
B.promise
C.principles
D.obligations
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One effect of the increased use of cash was that( ) A.an individual merchant no longer performed all aspects of trading operations
B.a company’s home office declined in importance
C.merchants no longer had to transport their goods to distant places
D.the volume of trade declined in areas lacking silver mines
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A company needs to implement an offsite backup method that is replicated and needs toguarantee that the data cannot be changed once it is replicated. Which of the following would meet the company’s needs?()A、SANB、WORMC、NASD、CD-RW
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You are the network administrator for Company.Company’s Account Executives frequently travel to meet with customers. The Account Executives usetheir portable computers to demonstrate Company’s new software products. The Account Executivesneed to update these products frequently so customers can evaluate the latest software releases. The Account Executives also need to be able to change display settings on their portable computers.You need to allow the Account Executives the ability to install and update software products while limiting their ability to perform other administrative duties on their portable computers. You need to accomplish this with the least amount of administrative effort. What should you do?()A、 Add the Account Executive’s user accounts to the local Administrators group on their portable computers. B、 Add the Account Executive’s user accounts to the Pre-Windows 2000 Compatible Access group. C、 Add the Account Executive’s user accounts to the local Power Users group on their portable computers. D、 Allow the Account Executive’s user accounts Full Control permission to the Program Files folder on their portable computers. Propagate the permissions to all the subdirectories and files in that directory.
考题
You need to recommend a solution for monitoring the servers. The solution must meet the company’s technical requirements What should you include in the recommendation?()A、Data Collector Sets (DCSs)B、event subscriptionsC、Reliability MonitorD、Windows System Resource Manager (WSRM)
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You need to recommend changes to the intranet site that meet the company’s technical requirements. What should you include in the recommendation?()A、additional application poolsB、additional worker processesC、Failover ClusteringD、Network Load Balancing (NLB)
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单选题Sacrifices to meet the particular emergency,such as loss of the ship’s tackle through using it for unusual purposes in order to secure her safety in specially difficult circumstances,()the subject of a general average contribution.A
isB
beC
will beD
to be
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单选题As a ship moves through the water,it drags with it a body of water called the wake. The ratio of the wake speed to the ship’s speed is called().A
propeller velocityB
speed of advanceC
wake distributionD
wake fraction
考题
单选题The ratio of r to s is 3 to 4. The ratio of s to t is 2 to 9. What is the ratio of r to t?A
1 to 3B
1 to 6C
2 to 9D
3to10E
4 to 5
考题
单选题The () is used to measure the volume of a liquid or gas through a pipeline within any given period of time.A
flowmeterB
viscometerC
micrometerD
feeler
考题
单选题If the measures of the angles of a triangle are in the ratio of 2:3:4, what is the measure of the smallest angle of the triangle?A
20B
25C
30D
40E
45
考题
单选题The ratio of the height of a vessel’s rudder to its width is referred to as the().A
aspect ratioB
constriction ratioC
rudder ratioD
steering ratio
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