Page | 1
WALL STREET PREP PREMIUM EXAM 2025| BRAND NEW
ACTUAL EXAM WITH 100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
What is generally not considered to be a pre-tax non-recurring
(unusual or infrequent) item? - correct answer - Extraordinary
gains/losses
what is false about depreciation and amortization - correct answer
- D&A may be classified within interest expense
Company X's current assets increased by $40 million from 2007-
2008 while the companies current liabilities increased by $25
million over the same period. the cash impact of the change in
working capital was - correct answer - a decrease of 15 million
the final component of an earnings projection model is calculating
interest expense. the calculation may create a circular reference
because - correct answer - interest expense affects net income,
which affects FCF, which affects the amount of debt a company
pays down, which, in turn affects the interest expense, hence the
circular reference
, Page | 2
a 10-q financial filing has all of the following characteristics except
- correct answer - issued four times a year.
Depreciation Expense found in the SG&A line of the income
statement for a manufacturing firm would most likely be
attributable to which of the following - correct answer - computers
used by the accounting department
If a company has projected revenues of $10 billion, a gross profit
margin of 65%, and projected SG&A expenses of $2billion, what
is the company's operating (EBIT) margin? - correct answer -
45%
A company has the following information, 1. 2014 revenues of $5
billion,2013 Accounts receivable of $400 million, 2014 accounts
receivable of $600 million, what are the days sales outstanding -
correct answer - 36.5
A company has the following information:
• 2014 Revenues of $8 billion
, Page | 3
• 2014 COGS of $5 billion
• 2013 Accounts receivable of $400 million
• 2014 Accounts receivable of $600 million
• 2013 Inventories of $1 billion
• 2014 Inventories of $800 million
• 2013 Accounts payable of $250 million
• 2014 Accounts payable of $300 million
What are the inventory days for the company? - correct answer -
65.7 days
Which of the following is true - correct answer - Coca Cola's
brand name is not reflected as an intangible asset on its balance
sheet
A company has the following information:
• 2014 share repurchase plan of $4 billion
• Average share price of $60 for the year 2013
• Expected EPS growth for 2014 of 10%
What should the number of shares repurchased by the company
be in your financial model? - correct answer - 60.6 million
WALL STREET PREP PREMIUM EXAM 2025| BRAND NEW
ACTUAL EXAM WITH 100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
What is generally not considered to be a pre-tax non-recurring
(unusual or infrequent) item? - correct answer - Extraordinary
gains/losses
what is false about depreciation and amortization - correct answer
- D&A may be classified within interest expense
Company X's current assets increased by $40 million from 2007-
2008 while the companies current liabilities increased by $25
million over the same period. the cash impact of the change in
working capital was - correct answer - a decrease of 15 million
the final component of an earnings projection model is calculating
interest expense. the calculation may create a circular reference
because - correct answer - interest expense affects net income,
which affects FCF, which affects the amount of debt a company
pays down, which, in turn affects the interest expense, hence the
circular reference
, Page | 2
a 10-q financial filing has all of the following characteristics except
- correct answer - issued four times a year.
Depreciation Expense found in the SG&A line of the income
statement for a manufacturing firm would most likely be
attributable to which of the following - correct answer - computers
used by the accounting department
If a company has projected revenues of $10 billion, a gross profit
margin of 65%, and projected SG&A expenses of $2billion, what
is the company's operating (EBIT) margin? - correct answer -
45%
A company has the following information, 1. 2014 revenues of $5
billion,2013 Accounts receivable of $400 million, 2014 accounts
receivable of $600 million, what are the days sales outstanding -
correct answer - 36.5
A company has the following information:
• 2014 Revenues of $8 billion
, Page | 3
• 2014 COGS of $5 billion
• 2013 Accounts receivable of $400 million
• 2014 Accounts receivable of $600 million
• 2013 Inventories of $1 billion
• 2014 Inventories of $800 million
• 2013 Accounts payable of $250 million
• 2014 Accounts payable of $300 million
What are the inventory days for the company? - correct answer -
65.7 days
Which of the following is true - correct answer - Coca Cola's
brand name is not reflected as an intangible asset on its balance
sheet
A company has the following information:
• 2014 share repurchase plan of $4 billion
• Average share price of $60 for the year 2013
• Expected EPS growth for 2014 of 10%
What should the number of shares repurchased by the company
be in your financial model? - correct answer - 60.6 million
