Wall Street Prep Premium Exam (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass
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Wall Street Prep
Wall Street Prep Premium Exam (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass What is generally not considered to be a pre-tax non-recurring (unusual or
infrequent) item?
Answer Extraordinary gains/losses
2. what is false about depreciation and amortization
Answer D&A m...
Wall Street Prep Premium Exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Wall%20Street%2
Wall Street Prep Premium Exam
Questions & Answers
1. What is generally not considered to be a pre-tax non-recurring (unusual or
infrequent) item?
Answer Extraordinary gains/losses
2. what is false about depreciation and amortization
Answer D&A may be classifiedwithin interest expense
3. 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
Answer a decrease of 15 million
4. the final component of an earnings projection model is calculating interest
expense. the calculation may create a circular reference because
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,Wall Street Prep Premium Exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Wall%20Street%2
Answer interest expense affects net income, which affects FCF, which affects the
amount of debt acompany pays down, which, in turn affects the interest expense,
hence the circularreference
5. a 10-q financial filing has all of the following characteristics except
Answer issuedfour times a year.
6. Depreciation Expense found in the SG&A line of the income statementfor
a manufacturing firm would most likely be attributable to which of the
following
Answer computers used by the accounting department
7. If a company has projected revenues of $10 billion, a gross profit marginof
65%, and projected SG&A expenses of $2billion, what is the company's
operating (EBIT) margin?
Answer 45%
8. A company has the following information, 1. 2014 revenues of $5 billion,2013
Accounts receivable of $400 million, 2014 accounts receivable of $600 million,
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,Wall Street Prep Premium Exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Wall%20Street%2
what are the days sales outstanding
Answer 36.5
9. 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?
Answer 65.7 days
10. Which of the following is true
Answer Coca Cola's brand name is not reflected as anintangible asset on its balance
sheet
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