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Section 2 Practice Exam
 Pages:
 2
 School:
 University of Texas at Austin
 Course:
 Fin 320f  Foundations of Finance
Foundations of Finance Documents

12 pages

9 pages

3.3 Amortization  Solutions(1)
6 pages

3.4 Stock & Bond Valuation  Solutions (1)
10 pages

3.5 Capital Budgeting, part 1  Solutions
4 pages

3.6 Capital Budgeting, part 2  Solutions
10 pages

3.7 Capital Structure  Solutions
2 pages

3.6 Capital Budgeting, part 2  Solutions (1)
10 pages

2 pages

2.4 Ratio Analysis  Solutions
7 pages

2.2 Income Taxes  Solutions(2) (1)
7 pages

1.7 Determinants of Interest Rates  Solutions
3 pages

1.6 Federal Reserve  Solutions(1)
5 pages

1.5 Mutual Funds  Solutions(1)
4 pages

8 pages

3 pages

8 pages

9 pages

16 pages

23 pages

26 pages

26 pages

17 pages

23 pages

34 pages

19 pages

21 pages

19 pages

22 pages

2.7 Financial Analysis  Additional Tools
18 pages

17 pages

2.5 Financial Analysis  Ratios
19 pages

2.4 Financial Reporting  The Income Statement
12 pages

2.3 Financial Reporting  The Balance Sheet
8 pages

16 pages

16 pages

1.9 Measuring Market Performance
13 pages

1.5 Financial Market Activities
5 pages

1.4 Financial Markets & Participants
10 pages

1.3 Financial Instruments  Equity
7 pages

1.2 Financial Instruments  Debt, part 2
12 pages

1.1 Financial Instruments  Debt, part 1
15 pages

11.7 Interest Rates  Determinants
21 pages
Unformatted text preview:
FIN 320F Foundations of Finance Section 2 Practice Exam Variety Research, Inc. is preparing its financial reports. Please help Variety by putting the data below in the proper places. Use the results to answer the first 4 questions. Current Liabilities $1,600,000 Accounts Receivable $2,750,000 Operating Expenses $500,000 Net Fixed Assets $3,850,000 Retained Earnings $3,400,000 Marketable Securities $1,000,000 Cost of Goods Sold $3,750,000 LongTerm Liabilities $2,000,000 Tax Expense $260,000 Interest Expense $100,000 Common Stock $2,000,000 Cash $300,000 Inventory $1,100,000 Sales Revenue $5,000,000 1. How much did Variety earn in Net Income? a) $1,250,000 b) $750,000 c) $650,000 d) $490,000 e) $390,000 2. How much Total Equity should Variety report? a) $2,000,000 b) $2,400,000 c) $3,400,000 d) $5,400,000 e) $9,000,000 3. What was Total Current Assets? a) $9,000,000 b) $5,150,000 c) $4,150,000 d) $3,050,000 e) $300,000 4. If Variety chooses to pay a dividend, what is the maximum total amount they could pay? a) $300,000 b) $390,000 c) $1,300,000 d) $3,400,000 e) $5,150,000 SourceDocument.docx Page 1 of 2
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