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Past Exam for FIN 3104 - Introduction to Finance with Keown at Virginia Tech (VT)

Exam Information

Material Type:Exam 1
Professor:Keown
Class:FIN 3104 - Introduction to Finance
Subject:Finance, Insurance, and Business
University:Virginia Polytechnic Institute And State University
Term:--
Keywords:
  • Receivable Turnover Ratio
  • Accounts Receivable Turnover Ratio
  • Installments
  • Current Asset
  • Debt Financing
  • Agency Problem
  • Inventories
  • Opportunity
  • You Have...
  • Maturity Date
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Sample Document Text

,(\ . Test Form A FINANCE 3104 DR. KEOWN EXAM #1 Name _________ _ Instructions: Comolete the OPSCAN with your name. student 10. and the test form on this test. Select the sj'ngle best answer and darken the corresponding letter em the OPSCAN. Double check your student 10 on the OPSCAN. Note: Assume all cash flows occur at the end of each period unless otherwise stated . .. " ' 1. Ortny Industries has an accounts receivable turnover ratio of 4.3. If Ortny has an ac counts receivable balance of $90.000. what is Ortny's average ~ credit sales? 1) $387.000 /, c.~s~ C~ ~ :::. S J7 tJOo "'1' ~ -;. 2) $1.548 "70./'&>o -n-~ ~ """ ~ -::. lOiS" 3) $1.075 ,>" 0 4) Cannot be determined - more data necessary. 2. You are considering the purchase of XYZ Company's perpetual preferred stock which pays a perpetual annual dividend of S8 per share. If the appropriate discount rare for this investment is 14%. what is the price of one share of this stock? 1 ) 2) 3) 4) $7.02 $57...

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