FIN MISC
University of Cincinnati
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FIN MISC-Finance Exam 1 Practice Problems with Answers
- Exam (elaborations) • 49 pages • 2021
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FIN MISC-Finance Exam 1 Practice Problems with Answers 
 
Chapter 2 
1. A firm has beginning retained earnings of $4,200 and ending retained earnings of $4,550. What is the 
amount of dividends paid if the firm earned a net income of $1,950? 
A) $1,600 
B) $1,950 
C) $1,900 
D) $2,000 
E) $2,100 
Explanation: Dividends paid = $1,950 – ($4,550 – $4,200) = $1,600 
2. MLM Enterprises has net income of $984, interest expense of $146, sales of $6,320, addition to 
retained earnings of $495, selli...
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FIN MISC-Chapter 3 Financial Statements Analysis and Financial Models
- Exam (elaborations) • 14 pages • 2021
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FIN MISC-Chapter 3 Financial Statements Analysis and Financial Models 
 
Chapter 3 Financial Statements Analysis and Financial Models 
1. On a common-size income statement, depreciation will be 
A) omitted since it is a noncash expense. 
B) added back to convert net income to cash flows. 
C) expressed as a percentage of total assets. 
D) expressed as a percentage of sales. 
E) expressed as a percentage of gross fixed assets. 
Answer: D 
Difficulty: 1 Easy 
Section: 3.1 Financial Statements Analy...
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