Koofers

Past Exam for FIN 300 - CORPORATION FINANCE with Officer at Kentucky (UK)

Exam Information

Material Type:Exam 1
Professor:Officer
Class:FIN 300 - CORPORATION FINANCE
Subject:Finance
University:University of Kentucky
Term:Fall 2009
Keywords:
  • Large Investment
  • Universities
  • Quick Ratio
  • Current Ratio
  • Rate of Return
  • Following Cash Flow
  • Operating Cash
  • Discounting
  • Interest Expense
  • Sole Proprietorships
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Sample Document Text

Exam 1 1) The objective of the firm is: a. Maximize profits b. Maximize sales c. Maximize the company’s stock price d. Maximize earnings per share 2) A firm has a profit margin of 15% on sales of $20,000,000. If the firm has total debt of $7,500,000, total assets of $22,500,000, and an after-tax interest cost on total debt of 5%, what is the firm’s ROE? a. 9.2% b. 10.9% c. 12.0% d. 13.0% e. 20.0% 3) If you were entitled to $100,000 ten years from now, but wish to sell the rights to the money for its present value, which type of discounting would you prefer? a. Annual b. Semiannual c. Monthly 4) If you were able to invest $10,000 at the end of each of the next five years, how much would you have accumulated at the end of year 10 given an 8% annual rate of return? a. $58,666 b. $86,198 c. $114,873 d. $145,923 5) If an investor invests $4,000 per year in an IRA for the next 20 years, how large will the investment be at the end of year 20 given a 12% rate of return? a. $42,590 b. $52,983 c. $87,654 d. $178,57...

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