financial management is responsible for acquiring, financing, and managing assets with some overall goal in mind.

TRUE

False

One of the least important decisions a company must make is selecting the legal form of organization.

TRUE

False

Which of the following is a financial manager not responsible for?

1. Coordination and control of operations

2. Budgeting and long-term planting.

3. Job analysis

4. Management of accounts receivable and cash.

Mention at least two parties interested in the analysis of financial statements and why.

Financial ratios - consists of analyzing the two financial statements, that is, the balance sheet and the income statement, by combining the items of one financial statement or both.

TRUE

False

Mention at least two methods of financial analysis and describe them.

Corporate governance includes the relationships between:

1. All of the above

2. Shareholders

3. Board of directors

4. Senior administration

Mention at least two areas that financial management relates to and explain.

Financial liquidity refers to:

1. Ability to pay debts

2. Informal learning

3. On-the-job training

4. Inventory rotation

Total asset turnover indicates how efficiently the company uses its assets to generate sales.

TRUE

False

One of the reasons for measuring debt is the quick ratio or acid test.

TRUE

False

Name at least three activity indices that measure cash and sales, explain