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Financial Statement Analysis

Detailed breakdown of financial statements and key performance indicators.

Benjamin Fisher
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Financial Statement AnalysisHeading-Display All QuestionsTrue-False Questions[Q1] True False-2 PointsNet Operating Assets (NOA) is determined by subtractingnon-operating assets fromtotalassets.[Q2]TrueFalse-2 PointsOperating assets typically include cash, receivables, property, plant and equipment (PPE),and capitalized lease assets.[Q3]TrueFalse-2 PointsTax expense on the income statement reflects both operating andnon-operating revenueand expenses.[Q4] True False-2 PointsOperating assets exclude short-term and long-term investments in marketable securities.[Q5]TrueFalse-2 PointsAll things equal, ahigherNOAT is preferable than alowerone.[Q6]TrueFalse-2 PointsNet Operating Assets = Net Nonoperating Obligations + Stockholders' Equity[Q7] True False-2 PointsA limitation of Generally Accepted Accounting Principles (GAAP) is that financial statementsreflect whatcan be reliably measured, therefore, excluding some assets that cannot bereliably measured.[Q8] TrueFalse-2 PointsThe net assets of discontinued operations should be considered to be nonoperating,however, their after-tax profit (loss) should be treated as operating.[Q9]TrueFalse-2 PointsVertical analysisfacilitates comparisons within a set of financial statements andhorizontalanalysisprovides comparisons across time periods.[Q10] True False-2 PointsRatiosprovide one way to compare companies in the same industry, regardless of theirsize.[Q11] TrueFalse-2 PointsHighly leveraged firms have ahigher RNOA than firms with lower leverage.[Q12]TrueFalse-2 Points

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