STR581 Final Exam
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STR581 Final Exam STR581 Final Exam (Grade 1
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Question
Q1: Gateway, Corp. has an inventory turnover of 5.6. What is the firm’s days’s sales in inventory?
64.3
65.2
57.9
61.7
Q2: Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?
reduced legal liability for investors
most common form of organization
lower taxes
harder to transfer ownership
Q3: Ajax Corp. is expecting the following cash flows - $79,000, $112,000, $164,000, $84,000, and $242,000 – over the next five years. If the com...
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STR581 Final Exam•STR581 Final Exam
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Question
Q1: Gateway, Corp. has an inventory turnover of 5.6. What is the firm’s days’s sales in inventory?
64.3
65.2
57.9
61.7
Q2: Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?
reduced legal liability for investors
most common form of organization
lower taxes
harder to transfer ownership
Q3: Ajax Corp. is expecting the following cash flows - $79,000, $112,000, $164,000, $84,000, and $242,000 – over the next five years. If the com...