age 1 of 22
Wall Street Prep Premium Exam 2025 Questions with
100% correct Answers
What is generally not considered to be a pre-tax non-recurring
(unusual or infrequent) item? ......ANSWER........Extraordinary
gains/losses
what is false about depreciation and amortization
......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 ......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 ......ANSWER........interest expense
affects net income, which affects FCF, which affects the amount
,age 2 of 22
of debt a company pays down, which, in turn affects the interest
expense, hence the circular reference
a 10-q financial filing has all of the following characteristics
except ......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 ......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?
......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 ......ANSWER........36.5
, age 3 of 22
A company has the following information:
• 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?
......ANSWER........65.7 days
Which of the following is true ......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
Wall Street Prep Premium Exam 2025 Questions with
100% correct Answers
What is generally not considered to be a pre-tax non-recurring
(unusual or infrequent) item? ......ANSWER........Extraordinary
gains/losses
what is false about depreciation and amortization
......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 ......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 ......ANSWER........interest expense
affects net income, which affects FCF, which affects the amount
,age 2 of 22
of debt a company pays down, which, in turn affects the interest
expense, hence the circular reference
a 10-q financial filing has all of the following characteristics
except ......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 ......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?
......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 ......ANSWER........36.5
, age 3 of 22
A company has the following information:
• 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?
......ANSWER........65.7 days
Which of the following is true ......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
