WALL STREET PREP PREMIUM EXAM 2024
WITH QUESTIONS & CORRECT ANSWERS
GRADED A+
What is generally not considered to be a pre-tax non-recurring (unusual or
infrequent) item? - ANSWER-Extraordinary gains/losses
what is false about depreciation and amortization - ANSWER-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 - ANSWER-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 - ANSWER-
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 - ANSWER-
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 -
ANSWER-computers used by the accounting department
, 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? - ANSWER-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 - ANSWER-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? - ANSWER-65.7 days
Which of the following is true - ANSWER-Coca Cola's brand name is not reflected
as an intangible asset on its balance sheet
A company has the following information:
• 2014 share repurchase plan of $4 billion
• Average share price of $60 for the year 2013
• Expected EPS growth for 2014 of 10%
WITH QUESTIONS & CORRECT ANSWERS
GRADED A+
What is generally not considered to be a pre-tax non-recurring (unusual or
infrequent) item? - ANSWER-Extraordinary gains/losses
what is false about depreciation and amortization - ANSWER-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 - ANSWER-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 - ANSWER-
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 - ANSWER-
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 -
ANSWER-computers used by the accounting department
, 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? - ANSWER-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 - ANSWER-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? - ANSWER-65.7 days
Which of the following is true - ANSWER-Coca Cola's brand name is not reflected
as an intangible asset on its balance sheet
A company has the following information:
• 2014 share repurchase plan of $4 billion
• Average share price of $60 for the year 2013
• Expected EPS growth for 2014 of 10%
