CMA-NewPart2-模拟考试01

brooke

第1题
Which of the following statements is true regarding common-size statements?
1、 Common-size statements can be used to compare companies of different sizes.
2、 Horizontal common-size statements can be made only for companies with at least ten years of operational data.
3、 All of the other three answers are correct.
4、 Common-size statements indexed over two years for two companies, with both showing a 10% increase in profits, show that both companies would make equally attractive investments.

第2题
Davis Retail Inc. has total assets of $7,500,000 and a current ratio of 2.3 times before purchasing $750,000 of merchandise on credit for resale. After this purchase, the current ratio will
1、 be lower than 2.3 times.
2、 be exactly 2.53 times.
3、 remain at 2.3 times.
4、 be higher than 2.3 times.

第3题

Garland Corporation’s Income Statement for the year just ended is shown below.Garland’s average inventory turnover ratio is
1、 6.52
2、 6.84.
3、 4.01
4、 3.82

第4题

A summary of the Income Statement of Sahara Company is shown below.Based on the above information, Sahara’s degree of financial leverage is 0.96.
1、 0.96.
2、 2.27.
3、 1.61.
4、 1.36

第5题

Marble Savings Bank has received loan applications from three companies in the auto parts manufacturing business and currently has the funds to grant only one of these requests. Specific data, shown below, has been selected from these applications for review and comparison with industry averages.Based on the information above, select the strategy that should be the most beneficial to Marble Savings.
1、 Grant the loan to Sonex as the company has the highest net profit margin and degree of financial leverage.
2、 Grant the loan to Bailey as all the company’s data approximate the industry average.
3、 Marble Savings Bank should not grant any loans as none of these companies represents a good credit risk.
4、 Grant the loan to Nutron as both the debt/equity ratio and degree of financial leverage are below the industry average.

第6题

Grand Savings Bank has received loan applications from three companies in the plastics manufacturing business and currently has the funds to grant only one of these requests. Specific data, shown below, has been selected from these applications for review and comparison with industry averages.Based on the information above, select the strategy that should be the most beneficial to Grand Savings.
1、 Grand should not grant any loans as none of these companies represents a good credit risk.
2、 Grant the loan to Valley as the company has the highest net profit margin and degree of financial leverage.
3、 Grant the loan to Reston as both the debt/equity ratio and degree of financial leverage are below the industry average.
4、 Grant the loan to Springfield as all the company’s data approximate the industry average.

第7题

Easton Bank has received loan applications from three companies in the computer service business and will grant a loan to the company with the best prospect of fulfilling the loan obligations. Specific data, shown below, has been selected from these applications for review and comparison with industry averages.Based on the information above, select the strategy that would fulfill Easton’s objective.
1、 Easton should not grant any loans as none of these companies represents a good credit risk.
2、 Grant the loan to CompGo as all the company’s data approximate the industry average.
3、 Grant the loan to SysGen as the company has the highest net profit margin and degree of financial leverage.
4、 Grant the loan to Astor as both the debt/equity ratio and degree of financial leverage are below the industry average.

第8题
Archer Inc. has 500,000 shares of $10 par value common stock outstanding. For the current year, Archer paid a cash dividend of $4.00 per share and had earnings per share of $3.20. The market price of Archer’s stock is $36 per share. The average price/earnings ratio for Archer’s industry is 14.00. When compared to the industry average, Archer’s stock appears to be
1、 undervalued by approximately 20%.
2、 overvalued by approximately 10%.
3、 undervalued by approximately 25%.
4、 overvalued by approximately 25%.

第9题

The following information concerning Arnold Company’s common stock was included in the company’s financial reports for the last two years.Arnold’s dividend yield in Year 2
1、 is the same as Year 1.
2、 has declined compared to Year 1.
3、 is indicative of the company’s failure to provide a positive return to the investors.
4、 has increased compared to Year 1.

第10题
ZYX Company's annual statement reports sales of $16 million with a gross profit ratio of 37.5%. Beginning and ending inventory are $483,000 and $517,000, respectively. What is the inventory turnover ratio?
1、 12 times
2、 20 times
3、 10 times
4、 2 times