Sample Quiz 2 Questions:
Exchange rate shifts that cause the Sing$ to be weaker versus the Brazilian real
make the export of footwear from Asia-Pacific facilities to Latin America less competitive and give rise to negative/favorable exchange rate cost adjustments.
make the export of footwear from Asia-Pacific facilities to Latin America less competitive and give rise to positive/unfavorable exchange rate cost adjustments.
make the export of footwear from Asia-Pacific facilities to Latin America more competitive and give rise to negative/favorable exchange rate cost adjustments.
make the export of footwear from Asia-Pacific facilities to Latin America less competitive and give rise to negative/unfavorable exchange rate cost adjustments.
None of the above are accurate.
Given the following Year 12 Financial Statement data for a footwear company:
Income Statement Data Year 12
(in 000s)
Net Revenues from Footwear Sales $ 350,000
Operating Profit (Loss) 100,000
Net Profit (Loss) 63,000
Balance Sheet Data
Cash on Hand 10,000
Total Current Assets 70,000
Total Assets 313,000
Overdraft Loan Payable 5,000
1-Year Bank Loan Payable 10,000
Current Portion of Long-term Loans 17,000
Total Current Liabilities 48,000
L-T Bank Loans Outstanding 90,000
Shareholder Equity: Year 11
Balance Year 12
Change Year 12
Balance
Common Stock 10,000 0 10,000
Additional Capital 123,000 0 123,000
Retained Earnings 29,000 13,000 42,000
Total Shareholder Equity 162,000 +13,000 175,000
Other Financial Data
Depreciation 11,650
Dividend Payments 15,000
Based on the above figures, the company’s “cash flow from operations” in Year 12 was
$63,000
($3,350)
$59,650
$38,500
$74,650
Assume a company has 20 million shares of stock outstanding and that its Income Statement for Year 12 is as follows:
Income Statement Data Year 12
(in 000s)
Net Revenues from Footwear Sales $ 360,000
Cost of Pairs Sold 200,000
Warehouse Expenses 16,000
Marketing Expenses 52,000
Administrative Expenses 8,000
Operating Profit (Loss) 84,000
Interest Income (expenses) (14,000)
Pre-tax Profit (Loss) 70,000
Income Taxes 21,000
Net Profit (Loss) $ 49,000
Based on the above income statement data, the company’s net profit margin and EPS are
13.6% and $2.45.
17.2% and $5.40.
23.3% and $7.00.
19.4% and $5.83.
23.3% and $4.08.
Here are the sample questions for the quiz. I will provide you with login and password for you to complete the test. Once you start a quiz, it starts a timer and you will have an hour and 30 minutes to complete. Some questions will involve calculations
