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Financial Forecasting And Modeling Equations

Instructions:

Answer 21 questions in 15 minutes.
If you are not ready to take this test, you can study here.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

1. Debt
= -- sales(yr1) x COGS/Sales Ratio
= Current liabilities + Debt + Stock + Accumulated Retained Earnings
= Debt (y0) -- Debt repayment amount
= Net Fixed Assets + Other Current Assets + Cash

2. Interest earned on cash and other marketable securities
= Interest earned on cash balances rate x [Cash (yr 0 +1)] /2
= Total Liabilities and equity -- current assets -- net fixed assets
= Stock (y0)
= Dividends + Profit After Tax

3. Net Fixed Assets
= Accumulated Retained Earnings (y0) +Retained Earnings
= Total Liabilities and equity -- current assets -- net fixed assets
= Sales (yr1) x Current Assets/ Sales Ratio
= Net Fixed Assets -- Deprecitation

4. Total Liabilites and Equity
= Depreciation (yr0) -- [Depreciation Rate x FA At Cost (y0+1)] /2
= Net Fixed Assets + Other Current Assets + Cash
= Current liabilities + Debt + Stock + Accumulated Retained Earnings
= Accumulated Retained Earnings (y0) +Retained Earnings

5. At Cost
= -- Profit before tax x Tax Rate
= Sales x Current Assets/Sales Ratio
= Net Fixed Assets -- Deprecitation
= sales( from yr 0) x (1+sales growth)

6. Cost of Goods Sold
= Sales (yr1) x Current Liabilities/Sales Ratio
= Net Fixed Assets + Other Current Assets + Cash
= -- sales(yr1) x COGS/Sales Ratio
= --Dividend Payout ratio x profit before tax

7. Cash (plug figure)
= Total Liabilities and equity -- current assets -- net fixed assets
= Sales (yr1) x Current Liabilities/Sales Ratio
= Current liabilities + Debt + Stock + Accumulated Retained Earnings
= --Dividend Payout ratio x profit before tax

8. Other Current Assets
= --Dividend Payout ratio x profit before tax
= -- sales(yr1) x COGS/Sales Ratio
= Sales x Current Assets/Sales Ratio
= sales( from yr 0) x (1+sales growth)

9. Taxes
= -- Profit before tax x Tax Rate
= Accumulated Retained Earnings (y0) +Retained Earnings
= Net Fixed Assets + Other Current Assets + Cash
= Sales (yr1) x Current Liabilities/Sales Ratio

10. Accumlated Depreciation
= Depreciation (yr0) -- [Depreciation Rate x FA At Cost (y0+1)] /2
= Profit before tax + taxes
= --Interest rate on debt x [Debt (yr0+1) ] /2
= Net Fixed Assets -- Deprecitation

11. Depreciation
= --Depreciation rate x [FA At Cost (yr 0+1) ] /2
= Profit before tax + taxes
= --Interest rate on debt x [Debt (yr0+1) ] /2
= Dividends + Profit After Tax

12. Current Liabilities
= Stock (y0)
= sales( from yr 0) x (1+sales growth)
= Sales (yr1) x Current Liabilities/Sales Ratio
= Current liabilities + Debt + Stock + Accumulated Retained Earnings

13. Profit after Tax
= Sales + COGS + Depreciation + Interest on Debt + Intest earned on cash and marketable securities
= Accumulated Retained Earnings (y0) +Retained Earnings
= --Depreciation rate x [FA At Cost (yr 0+1) ] /2
= Profit before tax + taxes

14. Total Assets
= Current liabilities + Debt + Stock + Accumulated Retained Earnings
= Net Fixed Assets + Other Current Assets + Cash
= Total Liabilities and equity -- current assets -- net fixed assets
= --Interest rate on debt x [Debt (yr0+1) ] /2

15. Sales
= Profit before tax + taxes
= --Depreciation rate x [FA At Cost (yr 0+1) ] /2
= sales( from yr 0) x (1+sales growth)
= Sales + COGS + Depreciation + Interest on Debt + Intest earned on cash and marketable securities

16. Profit Before Tax
= Net Fixed Assets + Other Current Assets + Cash
= --Interest rate on debt x [Debt (yr0+1) ] /2
= Sales + COGS + Depreciation + Interest on Debt + Intest earned on cash and marketable securities
= Profit before tax + taxes

17. Retained Earnings
= Interest earned on cash balances rate x [Cash (yr 0 +1)] /2
= Dividends + Profit After Tax
= -- sales(yr1) x COGS/Sales Ratio
= Sales x Current Assets/Sales Ratio

18. Stock
= -- sales(yr1) x COGS/Sales Ratio
= Sales (yr1) x Current Assets/ Sales Ratio
= Net Fixed Assets + Other Current Assets + Cash
= Stock (y0)

19. Dividends
= --Dividend Payout ratio x profit before tax
= Net Fixed Assets -- Deprecitation
= Debt (y0) -- Debt repayment amount
= Dividends + Profit After Tax

20. Interest Payments on Debt
= --Dividend Payout ratio x profit before tax
= Sales + COGS + Depreciation + Interest on Debt + Intest earned on cash and marketable securities
= Net Fixed Assets -- Deprecitation
= --Interest rate on debt x [Debt (yr0+1) ] /2

21. Accumulated Retained Earnings
= Accumulated Retained Earnings (y0) +Retained Earnings
= Profit before tax + taxes
= Net Fixed Assets + Other Current Assets + Cash
= --Depreciation rate x [FA At Cost (yr 0+1) ] /2