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WGU PRINCIPLES OF FINANCE C708 PRE-ASSESSMENT 2024 VERIFIED QUESTIONS AND ANSWERS $13.49   Add to cart

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WGU PRINCIPLES OF FINANCE C708 PRE-ASSESSMENT 2024 VERIFIED QUESTIONS AND ANSWERS

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  • Course
  • WGU C708
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  • WGU C708

A company has fixed assets of $509 million, total equity of $218 million, current liabilities of $128 million, and long-term debt of $390 million. What is the total for the company's current assets? a.) $262 million b.) $119 million c.) $128 million d.) $227 million - CORRECT ANSWER $...

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  • August 4, 2024
  • 35
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • wgu c708
  • WGU C708
  • WGU C708
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WGU PRINCIPLES OF FINANCE C708 PRE-
ASSESSMENT 2024 VERIFIED QUESTIONS AND
ANSWERS
A company has fixed assets of $509 million, total equity of $218 million,
current liabilities of $128 million, and long-term debt of $390 million.

What is the total for the company's current assets?



a.) $262 million

b.) $119 million

c.) $128 million

d.) $227 million - CORRECT ANSWER $227 million



A company has just reported sales of $557 million, costs of goods sold of $150
million, depreciation of $190 million and interest expense of $40.2 million.

What is the company's net income if the tax rate is 35%? (Round your answer
to the nearest decimal place.)



a.) $407.0 million

b.) $217.0 million

c.) $114.9 million

d.) $187.6 million - CORRECT ANSWER $114.9 million

,WGU PRINCIPLES OF FINANCE C708 PRE-
ASSESSMENT 2024 VERIFIED QUESTIONS AND
ANSWERS
Which item from a company's financial statement is considered a non-cash
item?



a.) Interest

b.) Taxes

c.) Utilities

d.) Intangibles - CORRECT ANSWER d.



With the accompanying information on page 4, what is the cash flow from
financing?



a.) $185,000

b.) ($19,000)

c.) ($17,000)

d.) $194,000 - CORRECT ANSWER $185,000



With the accompanying information on page 5, what is the cash flow from
investing in millions?

,WGU PRINCIPLES OF FINANCE C708 PRE-
ASSESSMENT 2024 VERIFIED QUESTIONS AND
ANSWERS
a.) ($1,430)

b.) $1,430

c.) ($1,039)

d.) $1,039 - CORRECT ANSWER ($1,430)



With the accompanying information on page 6, what is the correct times
interest earned?



a.) 1.50

b.) 2.05

c.) 2.91

d.) 3.59

e.) 6.99 - CORRECT ANSWER 6.99



Match the following ratios with the appropriate ratio formulas.



Average collection period, fixed asset turnover, return on equity, inventory
turnover, and quick ratio.

, WGU PRINCIPLES OF FINANCE C708 PRE-
ASSESSMENT 2024 VERIFIED QUESTIONS AND
ANSWERS
a.) Sales/Fixed assets, COGS/Inventory, AR/Daily credit sales, Net
income/Total equity, and (Current assets - Inventory)/Current liabilities



b.) (Current assets - Inventory)/Current liabilities, COGS/Inventory,
Sales/Fixed Assets, Net income/Total equity, and AR/Daily credit sales



c.) AR/Daily credit sales, Sales/Fixed assets, Net income/Total equity,
COGS/Inventory, and (Current assets - Inventory)/Current liabilities



d.) COGS/Inventory, AR/Daily credit sales, (Current assets -
Inventory)/Current liabilities, Sales/Fixed assets, and Net income/Total
equity - CORRECT ANSWER Ar/Daily credit sales, Sales/Fixed assets,
Net income/Total equity, COGS/Inventory, and (Current assets -
Inventory)/Current liabilities



With the accompanying balance sheets on page 8, what was XYZ's quick ratio
in 2012?



a.) 2.39

b.) 2.99

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