If Boyd Corporation has sales of $2 million per year (all credit) and days sales outstanding of 35 days, what is its average amount of accounts receivable outstanding (assume a 360 day year)? $194,444 $57,143 $5,556 $97,222 $285,714 2. An analysis of a firm’s financial ratios over time that is used to determine the improvement or deterioration in its financial situation is called sensitivity analysis DuPont chart ratio analysis progress chart trend analysis 3. Which of the following financial statements shows a firm’s financing activities (how funds were generated) and investment activities (how funds were used) over a particular period of time? balance sheet income statement statement of retained earnings statement of cash flows proxy statement 4. Determine the increase or decrease in cash for Rinky Supply Company for last year, given the following information. (Assume no other changes occurred during the past year.) Decrease in marketable securities = $25 Increase in accounts receivables = $50 Increase in notes payable = $30 Decrease in accounts payable = $20 Increase in accrued wages and taxes = $15 Increase in inventories = $35 Retained earnings = $ 5 -$50 +$40 -$30 +$20 -$10 5. Which of the following statements is correct? The annual report contains four basic financial statements: the income statement; balance sheet; statement of cash flows; and statement of changes in long-term financing. Although the annual report is geared toward the average stockholder, it represents financial analysts’ most complete source of financial information about the firm. The key importance of annual report information is that it is used by investors when they form their expectations about the firm’s future earnings and dividends and the riskiness of those cash flows. The annual report provides no relevant information for use by financial analysts or by the investing public. None of the above…
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