Financial Statement Modeling Exam 2025 Updated Test Pack With Verified A+ Answers And Guaranteed Success

◍ Why do we use "Center Across Selection" instead of "Merge and Center"? Answer: It will still allow you to select entire columns / rows while Merge and Center does not allow that ◍ What is the purpose of using drop down lists in excel? Answer: Prevent errors by limiting inputs ◍ What color should a cell font be that is linked to another sheet? Answer: Green 155 ◍ Your cash flow statement will not include the following: Answer: Revenue Growth ◍ What is the purpose of using the EOMonth formula in excel? Answer: To standardize ending days of months, To calculate forward ad backward months from the current month, To automate the modeling out of dates ◍ Where can you find the historical balance sheet? Answer: 10K, 10Q, Equity Research ◍ How do we calculate historical revenue growth rate for 2019? Answer: (2019 Revenue / 2018 Revenue) - 1 ◍ Which type of ratio is the inventory turns ratio? Answer: Efficiency Ratio ◍ How do you calculate days payable outstanding? Answer: Accounts Payable * 365 / Cost of Goods Sold ◍ We can project cost of goods sold by assuming it's a percentage of... Answer: Revenue ◍ What do current liabilities mean for a company? Answer: Liabilities that will become due within the next 12 months ◍ How did we project out prepaid expenses? Answer: As a % of revenue ◍ How did we project out accrued liabilities? Answer: As a % of COGS ◍ What is Capex? Answer: A capital investment made by a company, Money that is spent to put an asset on the balance sheet, A cash outflow ◍ Which of the below is true regarding the link from the Balance Sheet to the Cash Flow Statement? Answer: Ending cash on both statements must match ◍ Beginning balance = $10M, Capex = $3M, Depreciation= $2M, COGS = $1M. What is the ending PP&E balance? Answer: $11M ◍ What does amortization pertain to? Answer: Intangibles ◍ How did we project out depreciation expense? Answer: As a % of capex ◍ In which section of the cash flow statement will capital raises be found? Answer: Cash flow from financing