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10 Cards in this Set
- Front
- Back
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The goal of a financial manager is to |
Maximize shareholder wealth |
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Assets = Liabilities + Owner's Equity is which accounting statement? |
Balance Sheet |
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Choosing which projects a company should accomplish is what kind of financial decision? |
Capital Budgeting |
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The difference between current assets and current liabilities is called |
Net Working Captial |
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Alayzing a set of ratios which show the combined effects of liquidity, asset management, and debt on operating results is known as |
Profitability Analysis |
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If Company A uses more debt than Company B and both companies have identical operations in terms of sales, operating costs, etc, which of the following is true? |
Company B has a higher profit margin on sales than Company A
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Which accounting statement is like a photograph or a snapshot in time? |
Balance Sheet |
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Which of the following statements is incorrect? |
The operating margin is determined by expressing net income as a percentage of total assets |
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As we discussed in class, the recent oil companies' problems caused by a relatively sudden and dramatic decline in oil prices could have been prevented by using the _____ ratio instead of the _______ ratio to determine short-term solvency. |
Quick/Current |
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If External financing is needed, a firm can raise capital by issuing: |
All of the above (notes, bonds, shares of stock) |
