Question 12 Not yet answered Marked out of 1.00 p Flag question Which of the following should NOT be taken into account in calculating free cash flow? Select one: a. Operating income O b b. Interest expense c. Depreciation O d. Net working capital d Question 13 Not yet answered Marked out of 1.00 p Flag question In conducting ratio analysis, an analyst should ensure Select one: a. different accounting procedures are used. b. the role of inflation is ignored. C. ratios being compared should be calculated using financial statements prepared at different sub-periods during the year. d. the overall performance of a firm is not judged based on a single ratio. Question 14 Not yet answered Marked out of 1.00 Flag question What is the MOST important variable of the financial planning process? Select one: a. The capacity of the fixed asset b. The pro forma income statement O C. The sales forecast c O d. The costs Question 15 Not yet answered Marked out of 1.00 Flag question The primary benefit of being a limited partner is Select one: a. the receipt of tax-free income. b. the lack of any potential financial loss. C. the daily control over the business affairs of the partnership. d. the partner's maximum loss is limited to their capital investment. Question 16 Not yet answered Marked out of 1.00 Flag question The decision to issue additional stock is an illustration of Select one: a. a net working capital decision b. a capital structure decision O c. a financial controller's duties d. working capital management