超星 - Chapter 3判断选择题

单选题

The Bubba Corp. had earnings before taxes of $400,000 and sales of $2,000,000. If it is in the 40% tax bracket, its after-tax profit margin is

A. 40%
B. 12%
C. 20%
D. 25%

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单选题

A firm has a debt-to-equity ratio of 40%, a debt of $250,000, and a net income of $100,000. The return on equity is

A. 60%
B. 16%
C. 30%
D. There's not enough information to determine the return on equity

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单选题

For a given level of profitability as measured by profit margin, the firm's return on equity will

A. increase as its debt-to-assets ratio decreases.
B. decrease as its current ratio increases.
C. increase as its debt-to-assets ratio increases.
D. decrease as its times-interest-earned ratio decreases.

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单选题

If XYZ’s receivables turnover is 4x, what does that mean?

A. XYZ’s total sales are rotated four times a year.
B. XYZ has a really good receivables turnover rate.
C. XYZ is able to collect its receivables every 90 days, or 4 times a year.
D. XYZ generates four times as much sales through receivables than sales through cash.

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单选题

If accounts receivable stays the same, and credit sales go up

A. the average collection period will go up.
B. the average collection period will go down.
C. accounts receivable turnover will decrease.
D. the average collection period will go down and accounts receivable turnover will decrease.

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单选题

A quick ratio that is much smaller than the current ratio reflects

A. a small portion of current assets is in inventory.
B. a large portion of current assets is in inventory.
C. that the firm will have a high inventory turnover.
D. that the firm will have a high return on assets.

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单选题

An increasing average receivables collection period indicates

A. the firm is generating more income.
B. accounts receivable are going down
C. the company is becoming more efficient in its collection policy.
D. the company is becoming less efficient in its collection policy

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单选题

Which of the following is a potential problem of utilizing ratio analysis?

A. Trends and industry averages are historical in nature.
B. Financial data may be distorted due to price-level changes.
C. Firms within an industry may not use similar accounting methods.
D. All of the options.

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判断题

Ratios are used to compare different firms in the same industry.

A. 对
B. 错

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判断题

Financial ratios are used to weigh and evaluate the operational performance of the firm.

A. 对
B. 错

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