LATEST WALL STREET PREP PREMIUM EXAM
2024/2025 QUESTIONS WITH VERIFIED
SOLUTIONS
What is generally not considered to be a pre-tax non-recurring (unusual or infrequent)
item? - CORRECT ANSWER Extraordinary gains/losses
what is false about depreciation and amortization - CORRECT ANSWER D&A may be
classified within interest expense
Company X's current assets increased by $40 million from 2007-2008 while the
companies current liabilities increased by $25 million over the same period. the cash
impact of the change in working capital was - CORRECT ANSWER a decrease of 15
million
the final component of an earnings projection model is calculating interest expense. the
calculation may create a circular reference because - CORRECT ANSWER interest
expense affects net income, which affects FCF, which affects the amount of debt a
company pays down, which, in turn affects the interest expense, hence the circular
reference
a 10-q financial filing has all of the following characteristics except - CORRECT
ANSWER issued four times a year.
Depreciation Expense found in the SG&A line of the income statement for a
manufacturing firm would most likely be attributable to which of the following -
CORRECT ANSWER computers used by the accounting department
,LATEST WALL STREET PREP PREMIUM EXAM
2024/2025 QUESTIONS WITH VERIFIED
SOLUTIONS
If a company has projected revenues of $10 billion, a gross profit margin of 65%, and
projected SG&A expenses of $2billion, what is the company's operating (EBIT) margin? -
CORRECT ANSWER 45%
A company has the following information, 1. 2014 revenues of $5 billion,2013 Accounts
receivable of $400 million, 2014 accounts receivable of $600 million, what are the days
sales outstanding - CORRECT ANSWER 36.5
A company has the following information:
• 2014 Revenues of $8 billion
• 2014 COGS of $5 billion
• 2013 Accounts receivable of $400 million
• 2014 Accounts receivable of $600 million
• 2013 Inventories of $1 billion
• 2014 Inventories of $800 million
• 2013 Accounts payable of $250 million
• 2014 Accounts payable of $300 million
What are the inventory days for the company? - CORRECT ANSWER 65.7 days
Which of the following is true - CORRECT ANSWER Coca Cola's brand name is not
reflected as an intangible asset on its balance sheet
, LATEST WALL STREET PREP PREMIUM EXAM
2024/2025 QUESTIONS WITH VERIFIED
SOLUTIONS
A company has the following information:
• 2014 share repurchase plan of $4 billion
• Average share price of $60 for the year 2013
• Expected EPS growth for 2014 of 10%
What should the number of shares repurchased by the company be in your financial
model? - CORRECT ANSWER 60.6 million
non-controlling interest - CORRECT ANSWER is an expense on the income
statement and equity o the balance sheet
A company has the following information:
• 2013 retained earnings balance of $12 billion
• Net income of $3.5 billion in 2014
• Capex of $200 million in 2014
• Preferred dividends of $100 million in 2014
• Common dividends of $400 million in 2014
What is the retained earnings balance at the end of 2014? - CORRECT ANSWER 15
billion
in order to find out how much cash is available to pay down short term debt, such as
revolving credit line, you must take - CORRECT ANSWER beginning cash balance +
pre-debt cash flows - min. cash balance - required principal payments of LT and other
debt
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NURSINGTRAINER. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
