单选题An analyst computes the following ratios for Iridescent Carpeting Inc.
and compares the results to the industry averages:
Financial Ratio
Iridescent Carpeting
Industry Average
Current Ratio
2.3x
1.8x
Net Profit Margin
22%
24%
Return on Equity
17%
20%
Total Debt / Total Capital
35%
56%
Times Interest Earned
4.7x
4.1x Based on the
above data, which of the following can the analyst conclude?
A. Iridescent Carpeting has better short-term liquidity than its
competitors.
B. Iridescent Carpeting has stronger profitability than its
competitors.
C. Iridescent Carpeting has more financial risk than its
competitors.
单选题Which of the following most accurately describes a market structure that has one seller of a specific, well-defined product that has no good substitutes?
单选题If the Capital Asset Pricing Model(CAPM) assumption that there are no transactions costs is relaxed and transactions costs are permitted, all else equal, the most likely result is that the security market line (SML) will:
单选题During deflation and decreasing inventory quantities, a company using last-in first-out (LIFO) rather than first-in first-out (FIFO). What is the effect on inventory turnover and net profit mar-gin? Inventory Turnover Net Profit Margin ①A. higher lower ②B. higher higher ③C. lower higher
单选题For a manufacturing company and for a financial services company, is interest expense most likely classified as an operating or non-operating component of income? Manufacturing Financial services ①A. Operating Operating ②B. Operating Non-operating ③C. Non-operating Operating
单选题An analyst gathers the following information about a portfolio's performance over the past ten years:
单选题When considering convertible preferred stock which of the following components of the earnings per share (EPS) equation needs to be adjusted to calculate diluted earnings per share?
单选题
Question
The following information has been gathered regarding a firm that uses
straight line depreciation. Gross plant and equipment
$1250000
Depreciation expense
$ 235000 Accumulated depreciation
$
725000
单选题A company has a cash conversion cycle of 70 days. If the company' s payables turnover decreases from 11 to 10 and days of sales outstanding increase by 5, the company's cash conversion cycle will :
单选题Which of the following types of unemployment is most likely to be associated with an economy in which constant changes occur in the economy that prevent qualified unemployed people from filling existing job openings?
单选题An analyst does research about cash conversion cycle and gathers the following information about two companies from the same industry: Company Days of Receivables Days of Payables Days of Inventories 1 18 10 22 2 20 17 27 All else being equal, the cash conversion cycle of company 1 is most likely: A. less than that of company 2. B. equal to that of company 2. C. more than that of company 2.
单选题Louis Perkowski, CFA, is an investment advisor for institutional clients in Sarkozi Securities. To comply with the Standards of Professional Conduct relating to diligence and reasonable basis, when selecting external advisors, Perkowski must: A. ensure that Sarkozi Securities has standardized criteria for reviewing external advisors. B. ensure that the external advisors have the lowest management fee relative to others. C. ensure that the external advisors have the best historical performance relative to others.
单选题When GIPS and local laws conflict, in order to be in compliance with GIPS, the investment firm must : A. follow GIPS and need not reference the local law. B. follow local law, and no additional disclosure is required. C. follow local law but disclose the conflict with GIPS.
单选题When the government reallocates spending based upon a decision to promote new and developing industries, this would be categorized as: A. a structural change. B. monetary policy. C. a cyclical change.
单选题The risk-free rate is 4% and the expected market return is 12%. An investor sees a stock with a beta of 0.8 selling for $30 per stock that will pay a $0.5 dividend next year. If he thinks the stock will be selling for $33 per stock at the end of the year, the stock is:
单选题With respect to inventory management（ ）
单选题An analyst does research about the treasury stock method and gathers the following information about a company for 2011: ·Net income is $1360000 ·Dividends paid on stocks is $80000 ·Average number of shares outstanding is 400000 ·Number of options outstanding is 15000 ·Average price of common stocks during the year is $25 ·Exercise price of option is $15 There are no other potentially diluted securities outstanding. The company's diluted earnings per share in 2011 using the treasury stock method under U. S. GAAP is closest to: A. $3.28 B. $3.33 C. $3.35
单选题ABC is a new (established 2002) asset management firm, and wishes to adhere to the GIPS standards. ABC is aware that this will entail significant input data requirements. These requirements will include（ ）
单选题An analyst does research about option value. Prior to expiration, the maximum value of an American call is the: A. excise price. B. current price of the underlying. C. present value of the exercise price.
单选题An investor sold ten March stock index futures contracts. The multiplier on the contract is 250. At yesterdays settlement price of 998.40 the margin balance in the account was computed as $86450. Today the index future had a settlement price of 1000.20. The new margin amount is（ ）