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FIN 380 Chapter 3 Exam Study Guide 100% Verified.

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©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 1:25PM A+ 1 FIN 380 Chapter 3 Exam Study Guide 100% Verified. ROE = return on equity = - Answer(PM)(TAT)(EM) profit margin * total asset turnover * equity multiplier or net income / total equity or (net income / sales)*(sales / assets)*(assets / equity) debt-equity ratio = D/E - AnswerD/E = EM - 1 Based only on the following information for Bennington Corp., did cash go up or down? By how much? Decrease in inventory $580 Decrease in accounts payable 190 Increase in notes payable 610 Increase in accounts receivable 210 = - AnswerDecrease in inventory - Decrease in accounts payable + Increase in notes payable - Increase in accounts receivable Net investment in FA = - Answer(NFA end - NFA beg) + Depreciation current ratio = - AnswerCA / CL NWC = - AnswerCA - CL CA = - AnswerNWC

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©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 1:25PM A+




FIN 380 Chapter 3 Exam Study Guide 100%
Verified.



ROE =

return on equity = - Answer✔(PM)(TAT)(EM)
profit margin * total asset turnover * equity multiplier
or net income / total equity
or (net income / sales)*(sales / assets)*(assets / equity)
debt-equity ratio =

D/E - Answer✔D/E = EM - 1
Based only on the following information for Bennington Corp., did cash go up or down? By how
much?
Decrease in inventory $580
Decrease in accounts payable 190
Increase in notes payable 610
Increase in accounts receivable 210

= - Answer✔Decrease in inventory - Decrease in accounts payable + Increase in notes payable -
Increase in accounts receivable

Net investment in FA = - Answer✔(NFA end - NFA beg) + Depreciation

current ratio = - Answer✔CA / CL

NWC = - Answer✔CA - CL

CA = - Answer✔NWC + CL

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