I am in a finance course, we recieved this quiz for extra credit-how much and can you guarentee a 100 Document Preview: If Boyd Corporation has sales of $2 million per year (all credit) and days sales...

If Boyd Corporation has sales of $2 million per year (all credit) and days sales outstanding
of 35 days, what is its average amount of accounts receivable outstanding (assume a 360
day year)?
$194,444
$57,143
$5,556
$97,222
$285,714
2. An analysis of a firm's financial ratios over time that is used to determine the
improvement or deterioration in its financial situation is called
sensitivity analysis
DuPont chart
ratio analysis
progress chart
trend analysis
3. Which of the following financial statements shows a firm's financing activities (how
funds were generated) and investment activities (how funds were used) over a particular
period of time?
balance sheet
income statement
statement of retained earnings
statement of cash flows
proxy statement
4. Determine the increase or decrease in cash for Rinky Supply Company for last year,
given the following information. (Assume no other changes occurred during the past year.)
Decrease in marketable securities = $25
Increase in accounts receivables = $50
Increase in notes payable = $30
Decrease in accounts payable = $20
Increase in accrued wages and taxes = $15
Increase in inventories = $35
Retained earnings = $ 5
-$50
+$40
-$30
+$20
-$10
5. Which of the following statements is correct?
The annual report contains four basic financial statements: the income statement; balance sheet;
statement of cash flows; and statement of changes in long-term financing.
Although the annual report is geared toward the average stockholder, it represents financial
analysts' most complete source of financial information about the firm.
The key importance of annual report information is that it is used by investors when they
form their expectations about the firm's future earnings and dividends and the riskiness of
those cash flows.
The annual report provides no relevant information for use by financial analysts or by the
investing public.
None of the above statements is correct.
6. A firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40
percent, and a net profit margin of 6 percent. What is the firm's times-interest-earned
ratio?
16 times
10 times
7 times
11 times
20 times
7. What is the future value of a 5-year ordinary annuity with annual payments of $200,
evaluated at a 15 percent interest rate?
$670.44
$842.91
$1,169.56
$1,522.64
$1,348.48
8. As the discount rate increases without limit, the present value of the future cash inflows :
Gets larger without limit.
Stays unchanged.
Approaches zero.
Gets smaller without limit, i.e.,...