TEST BANK
To Accompany
Financial Statement Analysis and Security Valuation
4th edition
By
Stephen Penman
(Solutions at end of Test Bank)
, TEST NUMBER 1
Time allowed: 90 Minutes
Total Points: 40
,Question 1 (32 Points)
The following are partial financial statements for an industrial firm
that you are required to analyze and value. All amounts are in millions of
dollars.
Income Statement for Fiscal Year 2004
1
, _________________________________________________________________
2
The firm’s statutory tax rate is 35.3%.
To Accompany
Financial Statement Analysis and Security Valuation
4th edition
By
Stephen Penman
(Solutions at end of Test Bank)
, TEST NUMBER 1
Time allowed: 90 Minutes
Total Points: 40
,Question 1 (32 Points)
The following are partial financial statements for an industrial firm
that you are required to analyze and value. All amounts are in millions of
dollars.
Income Statement for Fiscal Year 2004
1
, _________________________________________________________________
2
The firm’s statutory tax rate is 35.3%.
