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1. Sh areholder wealth maximization is the concept that is employed by management to: A) Increase the stock price of the company. B) Employ strategies
1. Sh areholder wealth maximization is the concept that is employed by management to: A) Increase the stock price of the company. B) Employ strategies that would be beneficial to all stakeholders. C) Both A and B. D) None of the above. 2. Which of the following is considered a mission statement: A) It is so easy a caveman could do it. B) You can save 20% by signing up with us. C) Both A and B above. D) None of the above. 3. Which of the following ratios would be most useful in evaluating the profitability of a firm? A) Collection period. B) Quick ratio. C) Funded debt ratio D) Return on asset. 4. Which of the following ratios would be most useful to an analyst attempting to determine the accounts receivable? A) Collection period. B) Current ratio. C) Asset/Equity ratio. D) Times interest earned. Which of the following assets is not included in working capital? A) Cash. 5. B) Plant and equipment. C) Raw materials D) Accounts receivables 6. Which ratio would be more useful to an analyst trying to determine the liquidity of the f A) Return on assets. B) Inventory turnover. C) Current ratio. D) Debt ratio
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