

Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community for help and clear up your study doubts
Discover the best universities in your country according to Docsity users
Free resources
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
Material Type: Quiz; Professor: Su; Class: Business Finance; University: San Francisco State University; Term: Spring 2011;
Typology: Quizzes
1 / 2
This page cannot be seen from the preview
Don't miss anything!
Version A FIN 350, 11S
Page 1 of 2
Fin 350 – Business Finance Quiz 1
NAME:______________________ SECTION: _______________ Due date: February 21, 2011
Answer All Questions. Read all the answers carefully and select the best answer for each question.
a) $4.615 million. b) $15.50 million c) $10.00 million d) $11.25 million e) $5.714 million.
Version A FIN 350, 11S
Page 2 of 2
Use the following information to answer the next question. Debt ratio = 0.6 Sales = $11 million Total Asset Turnover ratio = 2.5 Interest expenses = $0.8 million Tax rate = 40% EBIT = $3.0 million
Use the following information to answer the next question. Total Asset = $40 million Depreciation = $1.0 million. Basic earning power (BEP) ratio is 20% Lease payments = 0.6 million Times-interest-earned (TIE) ratio is 6.55 Principal payments = 4 million