Long Quiz Exam Fin2

100 Questions | By Jeffrey_____razo | Updated: Mar 21, 2022 | Attempts: 414

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Questions and Answers

1.

A business enterprises's financial Manager is determining whether to initiate a lock-box arragement that will cost P150,000 semiannual. The daily average collection is P900,000. using a lockbox will reduce mailing and processing time by 3 days.the rate of return is 16%.
2.

Consider the following data: Total Current Asset100,000 Total Liabilities300,000 Total Stockholders Equity400,000 Net Income before Interest and Taxes138,500 Tax Rate 30%
3.

The optimum amount of goods to order each time to minimize total inventory cost.
- A.
  
  Wholesale Lockboxes
- B.
  
  Economic Value Added (EVA)
- C.
  
  Economic Order Quantity
- D.
  
  ROP Reorder point
4.

This is used for checks received from other business enterprises
- A.
  
  Economic Order Quantity
- B.
  
  Wholesale Lockboxes
- C.
  
  ROP Reorder point
- D.
  
  Economic Value Added (EVA)
5.

This is a signal that tells you when to place an order
- A.
  
  Wholesale Lockboxes
- B.
  
  ROP Reorder point
- C.
  
  Economic Value Added (EVA)
- D.
  
  Economic Order Quantity
6.

Compute for the Current Ratio for year 2016
- A.
  
  2.40 Times
- B.
  
  2.60 Times
- C.
  
  2.70 Times
- D.
  
  2.90 Times
7.

Compute for the Current Ratio for year 2015
- A.
  
  2.45 Times
- B.
  
  2.65 Times
- C.
  
  2.55 Times
- D.
  
  2.75 Times
8.

Compute for the Acid Test Ratio for year 2016
- A.
  
  70%
- B.
  
  69%
- C.
  
  68%
- D.
  
  67%
9.

Compute for the Acid Test Ratio for year 2015
- A.
  
  92%
- B.
  
  91%
- C.
  
  90%
- D.
  
  89%
10.

Compute for the Cash Flow Liquidity Ratio for year 2016
- A.
  
  65%
- B.
  
  70%
- C.
  
  75%
- D.
  
  80%
11.

Compute for the Cash Flow Liquidity Ratio for year 2015
- A.
  
  30%
- B.
  
  31%
- C.
  
  32%
- D.
  
  33%
12.

Compute for the Accounts Receivable Turnover for year 2016
- A.
  
  24.90 Times
- B.
  
  24.80 Times
- C.
  
  24.70 Times
- D.
  
  24.60 Times
13.

Compute for the Accounts Receivable Turnover for year 2015
- A.
  
  16.32 Times
- B.
  
  17.32 Times
- C.
  
  18.32 Times
- D.
  
  19.32 Times
14.

Compute for the Average Collections Period for year 2016
- A.
  
  12 Days
- B.
  
  13 Days
- C.
  
  14 Days
- D.
  
  15 Days
15.

Compute for the Average Collections Period for year 2015
- A.
  
  20 Days
- B.
  
  19 Days
- C.
  
  18 Days
- D.
  
  17 Days
16.

Compute for the Inventory Turnover for year 2016
- A.
  
  3.09 Times
- B.
  
  2.59 Times
- C.
  
  2.09 Times
- D.
  
  3.59 Times
17.

Compute for the Inventory Turnover for year 2015
- A.
  
  1.5 Times
- B.
  
  2 Times
- C.
  
  2.5 Times
- D.
  
  3.0 Times
18.

Compute for the Average Sale Period for year 2016
- A.
  
  116 Days
- B.
  
  117 Days
- C.
  
  118 Days
- D.
  
  119 Days
19.

Compute for the Average Sale Period for year 2015
- A.
  
  146 Days
- B.
  
  145 Days
- C.
  
  144 Days
- D.
  
  143 Days
20.

Compute for the Fixed Asset Turnover for year 2016
- A.
  
  8.97 Times
- B.
  
  8.95 Times
- C.
  
  8.93 Times
- D.
  
  8.91 Times
21.

Compute for the Fixed Asset Turnover for year 2015
- A.
  
  8.36 Times
- B.
  
  8.26 Times
- C.
  
  8.16 Times
- D.
  
  8.06 Times
22.

Compute for the Total Asset Turnover for year 2016
- A.
  
  2.52 Times
- B.
  
  2.72 Times
- C.
  
  2.92 Times
- D.
  
  3.02 Times
23.

Compute for the Total Asset Turnover for year 2015
- A.
  
  1.92 times
- B.
  
  2.02 Times
- C.
  
  2.12 Times
- D.
  
  2.22 Times
24.

Compute for the Debt Ratio for year 2016
- A.
  
  51.5%
- B.
  
  51.6%
- C.
  
  51.7%
- D.
  
  51.8%
25.

Compute for the Debt Ratio for year 2015
- A.
  
  50.00%
- B.
  
  50.10%
- C.
  
  50.20%
- D.
  
  50.30%