Finance 300 Midterm

In: Business and Management

Submitted By godlike84
Words 2755
Pages 12
Ryerson University

CFIN300
Midterm Exam
Spring/Summer 2009
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There are 2.0 hours in this exam.
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Version A

Student Name ____________________________ (Please Print)

Student Number _________________________________

Notes:

1. This is a closed book exam. You may only have pens, pencils and a calculator at your desk. 2. A formula sheet is attached to the end of the exam. You may detach the formula sheet from the exam. 3. Please fill out the scanner sheet as you go along in the exam. You will not be given extra time at the end of the exam to fill it out. 4. Select the best possible answer for each multiple-choice question 5. Each of the 30 MC questions is worth 1 mark

Marks: Available

Total 30 _________

There are 16 pages in this exam. Use the Financial Statements for Blue Bird Inc. For Questions 1-5Blue Bird, Inc.2006 Income Statement | Net Sales | $12,630 | Less: Cost of Goods Sold | | Less: Depreciation | | Earnings Before Interest and Taxes | 3,380 | Less: Interest Paid | | Taxable Income | | Less: Taxes | 920 | Net Income | $1,710 | | |

Blue Bird, Inc.2005 and 2006 Balance Sheets | | 2005 | 2006 | | | 2005 | 2006 | Cash | | $590 | | Accounts payable | $1,240 | $660 | Accounts rec | | 1,390 | | Long-term debt | 2,500 | 2,800 | Inventory | 2,300 | 2,470 | | Common stock | 4,000 | 4,500 | Total | | $4,450 | | Retained earnings | 1,040 | 1,690 | Net fixed assets | 4,640 | | | | | | Total assets | | | | Total liabilities & equity | $8,780 | $9,650 | | | | | | | |

For questions 1-5 assume Cash Flow From Assets…...

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