1. What happens to the intrinsic value of a firm if FCF increases and all else stays the same?

   	A.	The intrinsic value increases
   	B.	The intrinsic value stays the same
   	C.	The intrinsic value decreases
   	D.	There is no way to know

2. Which of the following would be negative to cash on a cash flow statement?

   	A.	Adding back depreciation expenses
   	B.	An increase in accounts payable
   	C.	An increase in accounts receivable
   	D.	An increase in accruals

3. Which of the following would be positive to cash on the cash flow statement?

   	A.	Acquiring a new factory
   	B.	Increasing inventory
   	C.	Increasing long term debt
   	D.	Increase in accounts receivable

4. If corporate tax rates are lowered. it will cause Operating Profitability Ratios to increase.

   True

   False

5. If a firm has an increase in COGS and nothing else changes, it will cause ROIC to decrease.

   True

   False