Download Toro's annual report from the activities folder and try questions 1-2. What is the balance-sheet based
Question:
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Download Toro's annual report from the activities folder and try questions 1-2. What is the balance-sheet based accrual ratio of Toro for the year of 2011? Note that total debts should include debts, loans, bonds, leases, borrowings, ect., which have interest requirements. Long-term debts due within a year should be reclassified as short-term debts, but they are still debts in nature. A) .08 B) .14 C) .18 D) .20 E) .24 2. What is the cash-flow-statement based accrual ratio of Toro for the year of 2011? A) 0.28 B) 0.20 C) 0.03 D) -0.18 E) -0.28 3. What is the average age of the PP&E of Ouyang Inc. for the year of 2013? Table: Ouyang Inc. Financial Information (in millions)
A) 38% B) 34% C) 30% D) 26% E) 21% 4. Ouyang Inc. reports $356 million capital lease in the balance sheet of 2013. It also discloses in its annual report that the value of total future capital lease payments is $928 million and the value of total future operating lease payments is $6,374 million. The adjustment a financial analyst should make is (round any ratio used in the calculation to two decimal places, such as 15%): A) the long-term liabilities and long-term assets should be increased by $2,422 million approximately. B) the long-term liabilities and long-term assets should be decreased by $2,422 million approximately. C) the long-term liabilities and long-term assets should be increased by $1,273 million approximately. D) the long-term liabilities and long-term assets should be decreased by $1,273 million approximately. E) None of the above. 5. Ouyang Inc reports 2012 revenue of $20 billion. During 2012, its A/R rose by $0.8 billion, A/P increased by $1.3 billion, inventories decreased by $0.2 billion and unearned revenue increased by $0.6 billion. Its ratio of revenue to cash collected from customers of 2012 is closest to: A) 1.84 B) 1.63 C) 1.48 D) 1.24 E) 1.01 |
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