财务管理 chter3 习题.docVIP

Chapter 03 Financial Statements Analysis and Long-Term Planning Answer Key?Multiple Choice Questions1.?One key reason a long-term financial plan is developed is because:?A.?the plan determines your financial policy.B.?the plan determines your investment policy.C.?there are direct connections between achievable corporate growth and the financial policy.D.?there is unlimited growth possible in a well-developed financial plan.E.?None of the above. Difficulty level: EasyTopic: LONG-TERM PLANNING Type: DEFINITIONS?c 2.?Projected future financial statements are called:?A.?plug statements.B.?pro forma statements.C.?reconciled statements.D.?aggregated statements.E.?none of the above. ?Difficulty level: EasyTopic: PRO FORMA STATEMENTSType: DEFINITIONS?B3.?The percentage of sales method:?A.?requires that all accounts grow at the same rate.B.?separates accounts that vary with sales and those that do not vary with sales.C.?allows the analyst to calculate how much financing the firm will need to support the predicted sales level.D.?Both A and B.E.?Both B and C. ? Difficulty level: MediumTopic: PERCENTAGE OF SALESType: DEFINITIONS?E 4.?A _____ standardizes items on the income statement and balance sheet as a percentage of total sales and total assets, respectively.?A.?tax reconciliation statementB.?statement of standardizationC.?statement of cash flowsD.?common-base year statementE.?common-size statement ?Difficulty level: EasyTopic: COMMON-SIZE STATEMENTSType: DEFINITIONS?E 5.?Relationships determined from a firms financial information and used for comparison purposes are known as:?A.?financial ratios.B.?comparison statements.C.?dimensional analysis.D.?scenario analysis.E.?solvency analysis. ?A Difficulty level: EasyTopic: FINANCIAL RATIOSType: DEFINITIONS? 6.?Financial ratios that measure a firms ability to pay its bills over the short run without undue stress are known as _____ ratios.?A.?asset managementB.?long-term solvencyC.?