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Managerial Finance A pro forma financial statement is a financial statement that: expresses all values as a percentage of either total assets or total sales.

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A pro forma financial statement is a financial statement that: expresses all values as a percentage of either total assets or total sales. compares actual results to the budgeted amounts compares the performance of a firm to its industry. projects future years' operations. values all assets based on their current market values. Which one of the following refers to a method of increasing the rate at which an asset is depreciated? Non-cash expense Straight-line depreciation Depreciation tax shield D. Accelerated cost recovery system Market based depreciation The weighted average cost of capital is defined as the weighted average of a firm's: return on its investments. cost of equity and its aftertax cost of debt. pretax cost of debt and equity securities. bond coupon rates. dividend and capital gains yields. Which one of the following is a direct bankruptcy cost? Loss of customer goodwill resulting from a bankruptcy filing Legal and accounting fees related to

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