Devry Fin 515 Midterm Exam – Latest

DeVRY FIN 515 Midterm Exam – Latest

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Question 1. Question : (TCO G) The firm's asset turnover measures

Student Answer: the value of assets held per dollar of shareholder equity.

the return the firm has earned on its past investments.

the firm's ability to sell a product for more than the cost of producing it.

how efficiently the firm is utilizing its assets to generate sales.

Instructor Explanation: Chapter 2

Points Received: 10 of 10

Comments:

Question 2. Question : (TCO G) The DuPont Identity expresses the firm's ROE in terms of

Student Answer: profitability, asset efficiency, and leverage.

valuation, leverage, and interest coverage.

profitability, margins, and valuation.

equity, assets, and liabilities.

Instructor Explanation: Chapter 2

Question 3. Question : (TCO B) You plan on retiring in 20 years. You currently have $275,000 and think you will need $1,000,000 to retire. Assuming you don’t deposit any additional money into the account, what annual return will you need to earn to meet this goal?

Question 4. Question : (TCO B) You take out a 5 year car loan for $20,000. The loan has a 5% annual interest rate. The payments are made monthly. What are the monthly payments? Show your work.

Question 3. Question : (TCO B) You plan on retiring in 20 years. You currently have $275,000 and think you will need $1,000,000 to retire. Assuming you don’t deposit any additional money into the account, what annual return will you need to earn to meet this goal?

Question 4. Question : (TCO B) You take out a 5 year car loan for $20,000. The loan has a 5% annual interest rate. The payments are made monthly. What are the monthly payments? Show your work.

Question 5. Question :...