Testbank Fundamentals of Corporate Finance Latest Edition, Ross Westerfield Jordan Test Bank 13th Edition ISBN 9781264250073

Test Bank for Fundamentals of Corporate
Finance, latest Edition

Which of the following is NOT one of the three basic financial statements?




Income statement




Statement of retained earnings.




Statement of cash flows.




Balance sheet - answers-statement of retained earning



Cost of Goods Sold (COGS) is the sum of three things:




Units Produced, Ending Inventory, Beginning Inventory




1

, Quick Assets: Cash, Marketable Securities, Accounts Receivable




Raw Materials, Work In Process, Finished Goods



Direct Materials, Direct Labor, Overhead - answers-direct materials, direct labor, overhead



If a firm has Preferred Stock outstanding, earnings per share is calculated as




EBIT plus preferred dividends divided by the number of common shares outstanding.




net income divided by the number of common shares outstanding.




net income divided by stockholder's equity minus preferred stock.



net income less preferred stock dividends divided by the number of common shares
outstanding. - answers-net income less preferred stock dividends divided by the number of
common shares outstanding.



The P/E ratio is calculated by dividing the ____ by the ____




2