Quiz – Management Discussion & Analysis
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
The Management’s Discussion and Analysis section of the annual report (required by the SEC) can be described as:
The Management’s Discussion and Analysis section of the annual report (required by the SEC) can be described as:
Compute the current ratio, the acid-test ratio, the debt-to-equity ratio, the time’s interest earned ratio, and the return on shareholders’ equity ratio for the company.
Your numbers will vary.
Calculate the market-to-book ratio for a company with given financial information, including net income, total equity, sales, and shares outstanding.
Your numbers will vary.
Calculate the maximum growth rate for a firm that has net income, total equity, total assets, and a dividend payout ratio, without using specific numbers.
Your numbers will vary.
Compute the missing amounts in the balance sheet.
Your numbers will vary.
Given a partial trial balance they ask you to determine the company’s working capital at year-end.
Your numbers will vary.
Which of the following factors would explain why Michigan Energy’s cash increased if it had a negative cash flow last year?a. The company sold a new issue of bonds.b. The firm heavily invested in plant and equipment.c. The firm paid an enormous dividend.d. The firm incurred high depreciation charges.e. The company repurchased 20% of its…
Given monthly data for periods 1 through 8 and the actual data, determine the moving average forecast for a given month.
Your numbers will vary.
New Oaks Winery Company requires two months to produce the wine, and two total years to age it in barrels, then one month to bottle it, and two months to sell it, and then one month to collect the receivable. Its operating cycle is:
Notes payable due in two years are: