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Financial Statement Analysis

Instructions:

Answer 50 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 to capital
CFO/Total debt
(Cash+Marketable securities+Receivables)/Average Daily Expenditures
CFO/Net Revenue
Total debt/(Total debt+Total shareholders equity)

2. CV Operating Income
CFO/average total assets
STD OI/mean OI
(market rate at issue)*(balance sheet value of the liability at beg period)
ROCE - ROA

3. Interest expense
(CFO-preferred dividends)/weighted average number of common shares
(NI-preferred dividends)/weighted average of common shares
Cash+Marketable Securities+ Receivables)/Current Liabilities
(market rate at issue)*(balance sheet value of the liability at beg period)

4. CF per share
Taxes payable+Change in DTL - Change in DTA
[(Orginal Cost-Salvage)/Life in output units] * output units in production
Cost-Salvage/useful Life
(CFO-preferred dividends)/weighted average number of common shares

5. Interest coverage
(EBIT+lease payments)/(interest payments+lease payments)
NI/average total equity
(CFO+interest paid+taxes paid )/interest paid
EBT/Revenue

6. Return on common equity
NI available to common/average common equity
NI/total capital
CFO/cash long-term debt repayment
(market rate at issue)*(balance sheet value of the liability at beg period)

7. Cash to income
Annual Sales/Average receivables
365/Inventory turnover
CFO/dividends paid
CFO/operating income

8. CV sales
Cost-Salvage/useful Life
365/Inventory turnover
STD of Sales/Mean Sales
CFO/cash outflows from investing and financing

9. Payable Turnover
STD OI/mean OI
CFO/Net Revenue
365/payable turnover ratio
Purchases/Average trade payable

10. Units in production
STD of Sales/Mean Sales
[(Orginal Cost-Salvage)/Life in output units] * output units in production
NI/Revenue
(NI-preferred dividends)+(convertible preferred dividends)+(convertible debt interest)*(1-T)/(weighted average of common shares+conv. preferred shares+conv.of debt+issuable from stock option)

11. Debt to Asset
CA/CL
(EBIT+lease payments)/(interest payments+lease payments)
EBT/Revenue
Total Debt/Total Asset

12. Leverage
CFO/Total debt
Total Debt/Total shareholders' equity
ROCE - ROA
365/Inventory turnover

13. Return on equity
NI/average total equity
NI/Revenue
CFO/cash outflows from investing and financing
CA/CL

14. Working Capital Turnover
Begininng inventories+purchases-COGS
Revenue/Average Working Capital
Total debt/(Total debt+Total shareholders equity)
STD OI/mean OI

15. Financial Leverage
CFO/cash outflows from investing and financing
Begininng inventories+purchases-COGS
NI+ non-cash charges+[Interest expense*(1-T)]-fixed capital investment-working capital investments OR CFO+[Interest expense*(1-T)]-fixed capital investment
Average Total Asset/Average total equity

16. Pretax Income
Taxes payable+Change in DTL - Change in DTA
EBT/Revenue
EBIT/total asset
STD OI/mean OI

17. FCFE
(CFO-preferred dividends)/weighted average number of common shares
CFO-fixed capital investment+net borrowing
EBT/Revenue
CFO/Net Revenue

18. Current Ratio
NI/average total equity
CFO/Total debt
CA/CL
CFO/cash long-term debt repayment

19. Operating Profit Margin
COGS/Average Inventory
EBIT/Revenue
(NI-preferred dividends)+(convertible preferred dividends)+(convertible debt interest)*(1-T)/(weighted average of common shares+conv. preferred shares+conv.of debt+issuable from stock option)
Revenue/Average Fixed Assets

20. Fixed assets turnover
CFO/average total assets
Begininng inventories+purchases-COGS
Revenue/Average Fixed Assets
ROCE - ROA

21. DDB
Revenue/Average Fixed Assets
(2/useful life)*(Cost-Depreciation)
CFO/cash paid for long term asset
STD OI/mean OI

22. Net Profit Margin
NI/Revenue
EBT/Revenue
Total Debt/Total Asset
(CFO-preferred dividends)/weighted average number of common shares

23. Day of inventory on hand
(2/useful life)*(Cost-Depreciation)
(EBIT+lease payments)/(interest payments+lease payments)
STD NI/Mean NI
365/Inventory turnover

24. Defensive interval
CFO/operating income
(Cash+Marketable securities+Receivables)/Average Daily Expenditures
EBT/Revenue
Total debt/(Total debt+Total shareholders equity)

25. Gross Profit Margin
COGS/Average Inventory
EBIT/Revenue
Begininng inventories+purchases-COGS
Gross Profit/Revenue

26. Debt payment
Revenue/Average Fixed Assets
Revenue/Average Working Capital
365/receivables turnover
CFO/cash long-term debt repayment

27. Debt to equity

28. Ending inventories
CA/CL
Begininng inventories+purchases-COGS
STD OI/mean OI
(days sales outstanding)+(Days of Inventory on hand)-(Number of days payable)

29. Return on Asset
CFO/Net Revenue
NI/Average Total assets or [NI+interest expense(1-T)]/average total assets
CFO/cash outflows from investing and financing
EBIT/Revenue

30. CF to Revenue
CFO/Net Revenue
CFO/cash outflows from investing and financing
(CFO-preferred dividends)/weighted average number of common shares
CFO/cash long-term debt repayment

31. Total asset turnover
Annual Sales/Average receivables
NI/Revenue
CFO/Total debt
Revenue/Average Total Assets

32. Straight Line depreciation
CFO/dividends paid
CFO/Net Revenue
NI/total capital
Cost-Salvage/useful Life

33. Cash Conversion Cycle
Total Debt/Total shareholders' equity
(Cash+Marketable securities+Receivables)/Average Daily Expenditures
(days sales outstanding)+(Days of Inventory on hand)-(Number of days payable)
Cash+Marketable Securities+ Receivables)/Current Liabilities

34. Cash to ROE
Begininng inventories+purchases-COGS
ROCE - ROA
365/payable turnover ratio
CFO/average total equity

35. Diluted EPS
CFO/Net Revenue
Revenue/Average Fixed Assets
EBIT/Revenue
(NI-preferred dividends)+(convertible preferred dividends)+(convertible debt interest)*(1-T)/(weighted average of common shares+conv. preferred shares+conv.of debt+issuable from stock option)

36. Inventory turnover
COGS/Average Inventory
(days sales outstanding)+(Days of Inventory on hand)-(Number of days payable)
CFO/operating income
Revenue/Average Total Assets

37. Cash to ROA
CFO/operating income
CFO/average total assets
STD of Sales/Mean Sales
CFO/cash paid for long term asset

38. Cash Ratio
365/Inventory turnover
NI+ non-cash charges+[Interest expense*(1-T)]-fixed capital investment-working capital investments OR CFO+[Interest expense*(1-T)]-fixed capital investment
CFO/average total equity
(Cash+Marketable Securities)/Current Liabilities

39. Basic EPS
365/Inventory turnover
Cost-Salvage/useful Life
(Cash+Marketable Securities)/Current Liabilities
(NI-preferred dividends)/weighted average of common shares

40. Receivables Turnover
Annual Sales/Average receivables
NI/Average Total assets or [NI+interest expense(1-T)]/average total assets
EBIT/total asset
Taxes payable+Change in DTL - Change in DTA

41. CV NI
STD NI/Mean NI
ROCE - ROA
CFO/dividends paid
365/Inventory turnover

42. Investing and financing
(days sales outstanding)+(Days of Inventory on hand)-(Number of days payable)
CFO/cash outflows from investing and financing
CFO/cash paid for long term asset
NI+ non-cash charges+[Interest expense*(1-T)]-fixed capital investment-working capital investments OR CFO+[Interest expense*(1-T)]-fixed capital investment

43. Return on total capital
NI/total capital
(NI-preferred dividends)+(convertible preferred dividends)+(convertible debt interest)*(1-T)/(weighted average of common shares+conv. preferred shares+conv.of debt+issuable from stock option)
NI+ non-cash charges+[Interest expense*(1-T)]-fixed capital investment-working capital investments OR CFO+[Interest expense*(1-T)]-fixed capital investment
Cash+Marketable Securities+ Receivables)/Current Liabilities

44. Number of days of payable
STD of Sales/Mean Sales
CFO/average total assets
STD OI/mean OI
365/payable turnover ratio

45. Debt coverage
(Cash+Marketable securities+Receivables)/Average Daily Expenditures
(days sales outstanding)+(Days of Inventory on hand)-(Number of days payable)
(market rate at issue)*(balance sheet value of the liability at beg period)
CFO/Total debt

46. Fixed charged coverage
(EBIT+lease payments)/(interest payments+lease payments)
CFO/operating income
NI/Average Total assets or [NI+interest expense(1-T)]/average total assets
(NI-preferred dividends)/weighted average of common shares

47. Dividend payment
CFO/dividends paid
365/Inventory turnover
Begininng inventories+purchases-COGS
(Cash+Marketable Securities)/Current Liabilities

48. Operating return on assets
(CFO-preferred dividends)/weighted average number of common shares
(2/useful life)*(Cost-Depreciation)
EBIT/total asset
STD OI/mean OI

49. Income tax expense
(Cash+Marketable securities+Receivables)/Average Daily Expenditures
COGS/Average Inventory
ROCE - ROA
Taxes payable+Change in DTL - Change in DTA

50. Quick Ratio
Cash+Marketable Securities+ Receivables)/Current Liabilities
NI+ non-cash charges+[Interest expense*(1-T)]-fixed capital investment-working capital investments OR CFO+[Interest expense*(1-T)]-fixed capital investment
CA/CL
CFO/Net Revenue