1 | Page
Wall Street Prep Premium Exam Questions and
Correct Answers/ Latest Update / Already Graded
What is generally not considered to be a pre-tax non-recurring (unusual or
infrequent) item?
Ans: Extraordinary gains/losses
what is false about depreciation and amortization
Ans: D&A may be classified within interest expense
Company X's current assets increased by $40 million from 2007-2008 while the
companies current liabilities increased by $25 million over the same period. the
cash impact of the change in working capital was
Ans: a decrease of 15 million
the final component of an earnings projection model is calculating interest
expense. the calculation may create a circular reference because
Ans: interest expense affects net income, which affects FCF, which affects the
amount of debt a company pays down, which, in turn affects the interest expense,
hence the circular reference
a 10-q financial filing has all of the following characteristics except
Ans: issued four times a year.
Depreciation Expense found in the SG&A line of the income statement for a
manufacturing firm would most likely be attributable to which of the following
Ans: computers used by the accounting department
© 2025/ 2026 | ® All rights reserved
, 2 | Page
If a company has projected revenues of $10 billion, a gross profit margin of 65%,
and projected SG&A expenses of $2billion, what is the company's operating
(EBIT) margin?
Ans: 45%
A company has the following information, 1. 2014 revenues of $5 billion,2013
Accounts receivable of $400 million, 2014 accounts receivable of $600 million,
what are the days sales outstanding
Ans: 36.5
A company has the following information:
• 2014 Revenues of $8 billion
• 2014 COGS of $5 billion
• 2013 Accounts receivable of $400 million
• 2014 Accounts receivable of $600 million
• 2013 Inventories of $1 billion
• 2014 Inventories of $800 million
• 2013 Accounts payable of $250 million
• 2014 Accounts payable of $300 million
What are the inventory days for the company?
Ans: 65.7 days
Which of the following is true
Ans: Coca Cola's brand name is not reflected as an intangible asset on its
balance sheet
© 2025/ 2026 | ® All rights reserved
Wall Street Prep Premium Exam Questions and
Correct Answers/ Latest Update / Already Graded
What is generally not considered to be a pre-tax non-recurring (unusual or
infrequent) item?
Ans: Extraordinary gains/losses
what is false about depreciation and amortization
Ans: D&A may be classified within interest expense
Company X's current assets increased by $40 million from 2007-2008 while the
companies current liabilities increased by $25 million over the same period. the
cash impact of the change in working capital was
Ans: a decrease of 15 million
the final component of an earnings projection model is calculating interest
expense. the calculation may create a circular reference because
Ans: interest expense affects net income, which affects FCF, which affects the
amount of debt a company pays down, which, in turn affects the interest expense,
hence the circular reference
a 10-q financial filing has all of the following characteristics except
Ans: issued four times a year.
Depreciation Expense found in the SG&A line of the income statement for a
manufacturing firm would most likely be attributable to which of the following
Ans: computers used by the accounting department
© 2025/ 2026 | ® All rights reserved
, 2 | Page
If a company has projected revenues of $10 billion, a gross profit margin of 65%,
and projected SG&A expenses of $2billion, what is the company's operating
(EBIT) margin?
Ans: 45%
A company has the following information, 1. 2014 revenues of $5 billion,2013
Accounts receivable of $400 million, 2014 accounts receivable of $600 million,
what are the days sales outstanding
Ans: 36.5
A company has the following information:
• 2014 Revenues of $8 billion
• 2014 COGS of $5 billion
• 2013 Accounts receivable of $400 million
• 2014 Accounts receivable of $600 million
• 2013 Inventories of $1 billion
• 2014 Inventories of $800 million
• 2013 Accounts payable of $250 million
• 2014 Accounts payable of $300 million
What are the inventory days for the company?
Ans: 65.7 days
Which of the following is true
Ans: Coca Cola's brand name is not reflected as an intangible asset on its
balance sheet
© 2025/ 2026 | ® All rights reserved
