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FINA 470 Final - University of South Carolina – Austin Exam Study Guide $12.49   Add to cart

Exam (elaborations)

FINA 470 Final - University of South Carolina – Austin Exam Study Guide

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  • 2025
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  • 2025

FINA 470 Final - University of South Carolina – Austin Exam Study Guide Current Ratio - ANSWERCurrent Assets / Current Liabilities Acid Test Ratio - ANSWERCash & Cash Eq. + Acct Rec + Market Securities / Current Liabilities Collection Period - ANSWERAverage Acct Rev / (Sales / 360) Days to S...

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  • October 30, 2024
  • 35
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 2025
  • 2025
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Emillect
©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




FINA 470 Final - University of South

Carolina – Austin Exam Study Guide


Current Ratio - ANSWER✔✔Current Assets / Current Liabilities


Acid Test Ratio - ANSWER✔✔Cash & Cash Eq. + Acct Rec + Market Securities / Current Liabilities


Collection Period - ANSWER✔✔Average Acct Rev / (Sales / 360)


Days to Sell Inventory - ANSWER✔✔Average Inv. / (COGS / 360)


Debt to Equity - ANSWER✔✔Total Liabilities / Total Equity


Long Term Debt to Equity - ANSWER✔✔Long Term Liabilities / Total Equity


Times Interest Earned - ANSWER✔✔EBIT / Int. Exp


ROA - ANSWER✔✔Net Income + Tax Expense*(1-tax rate) / Average Assets


ROE - ANSWER✔✔Net Income / Equity


Gross Profit Margin - ANSWER✔✔Gross Profit / Sales




Page 1/35

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FIRST PUBLISH OCTOBER 2024




Operating Profit Margin - ANSWER✔✔Op Profit / Sales


Net Profit Margin - ANSWER✔✔Net Income / Sales


Cash Turnover - ANSWER✔✔Sales / Average Cash & Equivalents


Acct Rec Turnover - ANSWER✔✔Sales / Avg Acct Rec


Inv Turnover - ANSWER✔✔COGS / Average Inv


Working Capital Turnover - ANSWER✔✔Sales / Avg Working Capital


PPE Turnover - ANSWER✔✔Sales / PPE


Asset Turnover - ANSWER✔✔Sales / Assets


PE Ratio - ANSWER✔✔Price / EPS


Earnings Yield - ANSWER✔✔EPS / Price


Div Yield - ANSWER✔✔Div / Price


Div Payout Rate - ANSWER✔✔Div / EPS


PB Ratio - ANSWER✔✔Market Price / Book Value


Item: Current Ratio - ANSWER✔✔Category: Liquidity

Page 2/35

, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Item: Acid Test Ratio - ANSWER✔✔Category: Liquidity


Item: Collection Period - ANSWER✔✔Category: Liquidity


Item: Days to Sell Inv - ANSWER✔✔Category: Liquidity


Item: Debt to Equity - ANSWER✔✔Category: Cap Structure & Solvency


Item: Long Term Debt to Equity - ANSWER✔✔Category: Cap Structure & Solvency


Item: Times Interest Earned - ANSWER✔✔Category: Cap Structure & Solvency


Item: ROA - ANSWER✔✔Category: Return on Investment


Item: ROE - ANSWER✔✔Category: Return on Investment


Item: Gross Profit Margin - ANSWER✔✔Category: Operating Performance


Item: Op Income Margin - ANSWER✔✔Category: Operating Performance


Item: Net Income Margin - ANSWER✔✔Category: Operating Performance


Item: Cash Turnover - ANSWER✔✔Category: Asset Utilization


Item: Acct Rec Turnover - ANSWER✔✔Category: Asset Utilization


Item: Inventory Turnover - ANSWER✔✔Category: Asset Utilization

Page 3/35

, ©EMILLECT 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Item: Working Capital Turnover - ANSWER✔✔Category: Asset Utilization


Item: PPE Turnover - ANSWER✔✔Category: Asset Utilization


Item: Asset Turnover - ANSWER✔✔Category: Asset Utilization


Item: PE Ratio - ANSWER✔✔Category: Market Measures


Item: Earnings Yield - ANSWER✔✔Category: Market Measures


Item: Div Yield - ANSWER✔✔Category: Market Measures


Item: Dividend Payout Ratio - ANSWER✔✔Category: Market Measures


Item: PB Ratio - ANSWER✔✔Category: Market Measures


Discussion Question:




Identify at least five different internal and external users of financial statements - ANSWER✔✔Internal:

owners, managers, employees, directors, internal auditors




External: equity investors, debt investors, creditors, suppliers, customers, labor unions, regulators, gov't

agencies

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