29. M are valuable things owned by the fim a) Retained earnings b) Owners' equities c) Liabilities d) Assets 26 go. These documents Investors are provided withfrom the firms whose stockthey own. provide additional information about the firm's practices and operations a) profitability quotients b) annual reports e) vertical analysis d) pro rata analysis to protect the interests of investors and further the The Sarbanes-Oxley Act created the public interest in the preparation of fair and informative financial statement a) Public Company Accounting Oversight Board (PCAOB) b) Securities and Exchange Commission (SEC) c) Financial Accounting Standards Board (FASB) d) Forensic Accounting Standards Commision (FASC) 33 addresses the needs of managers, providing detailed reports to masagemet w information that makes informed decision-making possible a) Forensic accounting b) lavestigative accounting c) Managerial accounting d) Financial accounting 33, Financial management includes all of the following functions EXCEPT a) making decisions about the appropriate way to promote-t b) managing the firm's working capital. c) evaluating afimn's long-runinvestment opportunities. d evaluating a firm's recent financial performance 34 Key numbers that financial managers use to calculate ratios usually come from the ms a) prospectus and operating budget b) statement of cash flows c) balance sheet and income statement d) pro forma statements When financial managers are concerned about the ability to pay off debts that will come due in the next year, they are likely to focus on a) liquidity ration b) capital badgets c) incremental analysis d) leverage ratios Financial planning asks all of the following questions EXCEPT a) What specific assets must the firm obtain in order to achieve its goals? b) How much additional financing will the firm need to acquire assets c) Will the firm need to acquire external financing? d) How does the firm determine its pricing strategy 2b