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FIN MISC-Finance Exam 1 Practice Problems with Answers
Exam (elaborations) • 49
pages
• 2021
FIN MISC-Finance Exam 1 Practice Problems with Answers



Chapter 2

1. A firm has beginning retained earnings of $4,200 and ending retained earnings of $4,550. What is the

amount of dividends paid if the firm earned a net income of $1,950?

A) $1,600

B) $1,950

C) $1,900

D) $2,000

E) $2,100

Explanation: Dividends paid = $1,950 – ($4,550 – $4,200) = $1,600

2. MLM Enterprises has net income of $984, interest expense of $146, sales of $6,320, addition to

retained earnings of $495, selli...
FIN MISC-Finance Exam 1 Practice Problems with Answers
Last document update:
ago
FIN MISC-Finance Exam 1 Practice Problems with Answers



Chapter 2

1. A firm has beginning retained earnings of $4,200 and ending retained earnings of $4,550. What is the

amount of dividends paid if the firm earned a net income of $1,950?

A) $1,600

B) $1,950

C) $1,900

D) $2,000

E) $2,100

Explanation: Dividends paid = $1,950 – ($4,550 – $4,200) = $1,600

2. MLM Enterprises has net income of $984, interest expense of $146, sales of $6,320, addition to

retained earnings of $495, selli...
FIN MISC-Chapter 3 Financial Statements Analysis and Financial Models
Exam (elaborations) • 14
pages
• 2021
FIN MISC-Chapter 3 Financial Statements Analysis and Financial Models



Chapter 3 Financial Statements Analysis and Financial Models

1. On a common-size income statement, depreciation will be

A) omitted since it is a noncash expense.

B) added back to convert net income to cash flows.

C) expressed as a percentage of total assets.

D) expressed as a percentage of sales.

E) expressed as a percentage of gross fixed assets.

Answer: D

Difficulty: 1 Easy

Section: 3.1 Financial Statements Analy...
FIN MISC-Chapter 3 Financial Statements Analysis and Financial Models
Last document update:
ago
FIN MISC-Chapter 3 Financial Statements Analysis and Financial Models



Chapter 3 Financial Statements Analysis and Financial Models

1. On a common-size income statement, depreciation will be

A) omitted since it is a noncash expense.

B) added back to convert net income to cash flows.

C) expressed as a percentage of total assets.

D) expressed as a percentage of sales.

E) expressed as a percentage of gross fixed assets.

Answer: D

Difficulty: 1 Easy

Section: 3.1 Financial Statements Analy...
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