財務報表分析期中考試03test

財務報表分析期中考試03test財務報表分析期中考試03test財務報表分析期中考試03test財務報表分析期中考試03test編制僅供參考審核批準生效日期地址：電話：傳真:郵編:Mid-termExam1.Single-choicequestion(1)Whichofthefollowingratiosisnotgenerallyconsideredtobehelpfulinassessingshort-termliquidity?A．CurrentratioB．Acid-testratioC．DayscollectionperiodD．Totalassetturnover(2)Whataccountsaremostlikelytobefoundinthestockholders’equitysectionofthebalancesheet?

A．Commonstock,short-termdebt,preferredstock.B．Commonstock,inventories,additionalpaid-incapital.C．Commonstock,additionalpaid-incapital,accruedliabilities.D．Commonstock,additionalpaid-incapital,retainedearnings.(3)Whatdoestheincomestatementmeasureforafirm?

A．ThechangeinrevenueandcosttheoccurredduringtheperiodB．ThefinancingandinvestmentactivitiesforaperiodC．TheresultsofoperationsofaperiodD．Thefinancialpositionofacompanyonaparticulardate(4)Inthestatementofcashflows,whichofthefollowingitemsisincludedintheoperatingactivities?A．BorrowingfromcreditorsandrepayingtheprincipalB．ObtainingresourcesfromownersC．PaymentoftaxesD．Alloftheabove(5)Whichoptionscausethenumberofsharesoutstandingtoincreaseandthusdiluteownership這選項導致流通股數(shù)量增加，從而稀釋股權

A．Conversionofdebentures.債券的轉換。B．Warrantsexercised.b.行使認股權證。C．Stockoptions.C.股票期權D.Alloftheabove.d.以上所有。2.Multiple-choicequestion(1)Whichinformationcanbeeasilyfoundfromtheannualreport().Long-termdebt.Theincomestatement.Five-yearsummaryofselectedfinancialdata.Notestothefinancialstatements.(2)Accordingtoincomestatementcategory,whichofthefollowingitemsappearontheoperatingprofit?

A.Depreciationexpense.B．AdvertisingexpenseC．InterestexpenseD．Sellingandadministrativeexpenses(3)Assumingaperiodofdeflation,whichstatementisfalse?

A．TheFIFOmethodunderstatescostofgoodssoldontheincomestatement.B．TheFIFOmethodunderstatesbalancesheetinventory.C．TheLIFOmethodoverstatesbalancesheetinventory.D．TheLIFOmethodunderstatescostofgoodssoldontheincomestatement.(4)Whichofthefollowingwouldbeclassifiedaslong-termdebt?

A.Currentportionoflong-termdebt...B.Accountspayable.C．Long-termnotespayable.D.Bondsduein10years.(5)WhichofthefollowingisnotconsideredanMD&A

A．Highlightsofanyfavorableorunfavorabletrends.B．Identificationofsignificanteventsanduncertaintiesthataffectacompany’sliquidity,capitalresourcesandresultsofoperations.C．Ayear-by-yearanalysis.D．Accountingprinciplesandmethodsemployed..3.Casestudy(1)Usethefollowingdatatoanswerquestions.RQMCorporationSelectedFinancialData,December31,2x16Currentasset$200000Currentliabilities$150000Inventories$50000Accountsreceivables$40000Netsales$1000000Costofgoodssold$750000(a).CalculatetheRQM'scurrentratioandquickratio.(b).CalculatetheRQM'saveragecollectionperiodandinventoryturnover.(2)SQCorporationissuesbondswithafacevalueof$100,000andacouponrateof8%payableannuallyforafixedtermoffiveyearatJanuary1,2x16,atthesametime;itleasesanassetwhichtheestimatedeconomiclifeiseightyearswithanexpectedsalvagevalueofzero.Thecompanydepreciatesthisassetonastraight-linemethod.SQagreestokeepaminimumleasepaymentof$3,500paidattheendofeachyearandtheleasestermissixyear.(Interestrateonthiscaseis6%peryear).[(P/A,6%,5)=4.2124;(P/A,6%,6)=4.917;(P/F,6%,5)=0.7473]Calculatethetotalexpensesontheincomestatementattheendofyear2x16,ifSQCorporationadoptedtheoperatinglease.(b)Calculatetheendingliabilitiesonthebalancesheetattheendofyear2x16,ifSQCorporationadoptedthecapitallease. CompanyACompanyBMarketpriceat31,Dec,2x16$30pershare$17pershareNetearnings$9,394,000$5,910,000Averagesharesoutstanding4,792,857shares4,581,395sharesQuestion:ComparetheCompanyAwithCompanyBbyevaluatingthePricetoEarningsratio.比較評估市盈率公司與B公司。Question:Ifwewanttobuyacompany’sstockatthebeginningofyearat$40pershare,andweexpectedthatreceivedcashdividend$2pershareandsellstockat$48pershareattheendoftheyear,sotheexpectedrateofreturnofthiscompanyis______.A25%B30%C45%D50%Assumingaperiodofinflation,whichstatementistrue?ATheFIFOmethodunderstatesbalancesheetinventory.BTheFIFOmethodunderstatescostofgoodssoldontheincomestatement.CTheLIFOmethodoverstatesbalancesheetinventory.DTheLIFOmethodunderstatescostofgoodsoldontheincomestatements.AccountingMethodCostofGoodsSold(IncomeStatement)產(chǎn)品銷售成本（損益表）InventoryValuation(Balancesheet)存貨計價（資產(chǎn)負債表）FIFO FirstPurchase LastPurchase(closeofcurrentcost)最后一次購買（現(xiàn)行成本接近）LIFOLastPurchase(closeofcurrentcost)FirstPurchase Whichprofitmarginmeasurestheoveralloperatingefficiencyofthefirm?AGrossprofitmarginBOperatingprofitmarginCNetprofitmarginDReturnonequity On1Jan,2x16,acompanyissues$100offive-yearbondswithayear-endinterest(coupon)paymentof6%perannum.Attheendofyear,howmuchvaluethisbondwhentheyieldtomaturityonthesebondsis8%perannumJDLCorporationSelectedFinancialData,December31,2x16Currentassets $150,000Currentliabilities 100,000Inventories 50,000Accountsreceivable 40,000Netsales 900,000Costofgoodssold 675,000Calculatethefollowingratios:currentratio,quickratio,averagecollectionperiod,inventoryturnover.TheF.L.A.CCorporationsellsasingleproduct.Thefollowingisinformationoninventory,purchases,andsalesforcurrentyear:NumberofunitsUnitscostSalepriceJanuary1Inventory10,000$3.00January10Purchase4,0003.50January1-March31Sales8,000$5.00April25Purchase10,0004.00April1-June30Sales11,0005.50July10Purchase6,0004.50July1-September30Sales3,0006.00October15Purchases8,0005.00October1-December31Sales9,0006.50（1）Computetheinventorybalanceandthecostofgoods