WALL STREET ACTUAL
RETAKE EXAM QUESTIONS AND
CORRECT ANSWERS LATEST
GUIDE 2026.
1/
14
, 1. What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) item? ✔✔ correct answer
Extraordinary gains/losses
2. what is false about depreciation and amortization ✔✔ correct answer D&A may be classified within interest expense
3. 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
4. the final component of an earnings projection model is calculating interest expense. the calculation may create a
circular reference because ✔✔ correct answer interest expense attects net income, which attects FCF, which attects the amount of debt a company
pays down, which, in turn attects the interest expense, hence the circular reference
5. a 10-q financial filing has all of the following characteristics except ✔✔ correct answer issued four times a year.
6. 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 follow- ing ✔✔ correct answer computers used by the accounting department
7. 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%
8. 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
9. A company has the following information ✔✔ correct answer
• 2014 Revenues of $8 billion
• 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
2/
14
RETAKE EXAM QUESTIONS AND
CORRECT ANSWERS LATEST
GUIDE 2026.
1/
14
, 1. What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) item? ✔✔ correct answer
Extraordinary gains/losses
2. what is false about depreciation and amortization ✔✔ correct answer D&A may be classified within interest expense
3. 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
4. the final component of an earnings projection model is calculating interest expense. the calculation may create a
circular reference because ✔✔ correct answer interest expense attects net income, which attects FCF, which attects the amount of debt a company
pays down, which, in turn attects the interest expense, hence the circular reference
5. a 10-q financial filing has all of the following characteristics except ✔✔ correct answer issued four times a year.
6. 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 follow- ing ✔✔ correct answer computers used by the accounting department
7. 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%
8. 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
9. A company has the following information ✔✔ correct answer
• 2014 Revenues of $8 billion
• 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
2/
14
