1. Question: Planning for future growth is called ________.

    A
    capital budgeting

    B
    working capital management

    C
    financial forecasting

    D
    none of these

    Note: Not available
    1. Report
  2. Question: Pro forma statements are _______ statements.

    A
    actual

    B
    projected

    C
    previous years'

    D
    next years'

    Note: Not available
    1. Report
  3. Question: Which of the following is not a fundamental of accounting?

    A
    Materiality

    B
    Timeliness

    C
    Matching

    D
    Magnitude

    Note: Not available
    1. Report
  4. Question: Asset Turnover is defined as ______.

    A
    Assets/Inventory

    B
    Sales/Assets

    C
    Sales/Net Income

    D
    Assets/Net Income

    Note: Not available
    1. Report
  5. Question: What is the purpose of measuring liquidity?

    A
    To determine if the firm is keeping enough cash on hand to pay accounts payable

    B
    To determine if the firm is investing their liquid assets to earn the highest return available

    C
    To measure a firm's ability to remain cash flow positive and meet its short-term obligations

    D
    To measure a firm's return on investment

    Note: Not available
    1. Report
  6. Question: Which is/are the primary financial statements used to measure solvency?

    A
    Balance Sheet

    B
    Income Statement

    C
    Balance Sheet and Statement of Retained Earnings

    D
    Cash Flow Statement and Income Statement

    Note: Not available
    1. Report
  7. Question: When a company files a statement of their financial plans for the next two years with the SEC, it is called a ______.

    A
    Market plan

    B
    Shelf registration

    C
    Stock plan

    D
    Statement of intent

    E
    Prospectus

    Note: Answer not sure
    1. Report
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