FMVA Practice Test ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Using the financial statements attached, what is the 27.15%
company's return on equity in year 5?
Using the financial statements attached, what is the 25.09%
company's return on assets in year 2?
Using the financial statements attached, what is the 21.75%
company's operating profit (EBIT) margin in year 1?
Using the financial statements attached, what is the 14.71%
company's net profit margin in year 1?
Using the financial statements attached, what is the 28.06%
company's effective tax rate in year 2?
Using the financial statements attached, what is the 1.28x
company's total asset turnover ratio in year 3?
Using the financial statements attached, what is the 4.0 days
company's accounts receivable days ratio in year 1?
Using the financial statements attached, what is the 188.8 days
company's inventory days ratio in year 5?
Using the financial statements attached, what is the 95.4 days
company's cash days ratio in year 3?
, Using the financial statements attached, what is the 0.00x
company's debt to equity ratio in year 1?
Using the financial statements attached, what is the 1.32x
company's total assets to equity ratio in year 2?
Using the financial statements attached, what is the 2.41x
company's current ratio in year 3?
When analyzing the income statement, which line item do Sales
you typically use as the denominator in the ratio?
What is typically NOT included in a checklist used to Same type of management team
identify appropriate peer group companies?
What is the correct formula for calculating NOPAT? EBIT x (1 - Tax Rate)
When conducting financial analysis, what is the 5 years
recommended best practice for minimum number of
years of financial statements?
What are the three ROE levers of the DuPont pyramid? Net Profit Margin x Total Asset Turnover x Financial Leverage
Which of the following is NOT a characteristic of It is most effective when comparing one period with each other.
horizontal analysis?
Which current asset or liability is omitted from this ratio? Inventory
Which of the following retailers is most likely to have the A grocery store / supermarket
lowest inventory days?
The proper structure of a 3-statement model should Inputs, Calculations, Outputs
contain which of the following modules?
Which of the following is a best practice for financial Data should only be entered once
model inputs?
What is the formula for the Capital Asset Turnover Ratio? Sales/Property, Plant & Equipment
According to the course, a 3-statement financial model Strategic planning, Corporate transactions, and Investment decisions
can be used for which of the following purposes? Select
ALL that apply.
Complex financial models are all of the following They are easy to audit
EXCEPT:
Which of the following items are considered "operating Changes in operating assets and liabilities, Net income, and Depreciation
activities" on the cash flow statement? Select ALL correct
answers.
Using the financial statements attached, what is the 27.15%
company's return on equity in year 5?
Using the financial statements attached, what is the 25.09%
company's return on assets in year 2?
Using the financial statements attached, what is the 21.75%
company's operating profit (EBIT) margin in year 1?
Using the financial statements attached, what is the 14.71%
company's net profit margin in year 1?
Using the financial statements attached, what is the 28.06%
company's effective tax rate in year 2?
Using the financial statements attached, what is the 1.28x
company's total asset turnover ratio in year 3?
Using the financial statements attached, what is the 4.0 days
company's accounts receivable days ratio in year 1?
Using the financial statements attached, what is the 188.8 days
company's inventory days ratio in year 5?
Using the financial statements attached, what is the 95.4 days
company's cash days ratio in year 3?
, Using the financial statements attached, what is the 0.00x
company's debt to equity ratio in year 1?
Using the financial statements attached, what is the 1.32x
company's total assets to equity ratio in year 2?
Using the financial statements attached, what is the 2.41x
company's current ratio in year 3?
When analyzing the income statement, which line item do Sales
you typically use as the denominator in the ratio?
What is typically NOT included in a checklist used to Same type of management team
identify appropriate peer group companies?
What is the correct formula for calculating NOPAT? EBIT x (1 - Tax Rate)
When conducting financial analysis, what is the 5 years
recommended best practice for minimum number of
years of financial statements?
What are the three ROE levers of the DuPont pyramid? Net Profit Margin x Total Asset Turnover x Financial Leverage
Which of the following is NOT a characteristic of It is most effective when comparing one period with each other.
horizontal analysis?
Which current asset or liability is omitted from this ratio? Inventory
Which of the following retailers is most likely to have the A grocery store / supermarket
lowest inventory days?
The proper structure of a 3-statement model should Inputs, Calculations, Outputs
contain which of the following modules?
Which of the following is a best practice for financial Data should only be entered once
model inputs?
What is the formula for the Capital Asset Turnover Ratio? Sales/Property, Plant & Equipment
According to the course, a 3-statement financial model Strategic planning, Corporate transactions, and Investment decisions
can be used for which of the following purposes? Select
ALL that apply.
Complex financial models are all of the following They are easy to audit
EXCEPT:
Which of the following items are considered "operating Changes in operating assets and liabilities, Net income, and Depreciation
activities" on the cash flow statement? Select ALL correct
answers.
