Wall Street Prep Premium Exam
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
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%
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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
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% What should the number of shares repurchased by the company be in your financial model?(Ans- 60.6 million
non-controlling interest (Ans- is an expense on the income statement and equity o the balance sheet
A company has the following information:
• 2013 retained earnings balance of $12 billion
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