Multiple Choice Questions

Multiple Choice Question 55

Planning models that are more sophisticated than the percent of sales method have

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working capital accounts like inventory, accounts receivables, and accounts payables vary directly with sales.

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all variable costs change directly with sales.

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fixed assets that do not always vary directly with sales.

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all of these are true.

Multiple Choice Question 66

Firms that achieve higher growth rates without seeking external financing

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have a high plowback ratio.

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all of these are true.

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have less equity and/or are able to generate high net income leading to a high ROE.

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are not highly leveraged.

Multiple Choice Question 85

External financing needed: Triumph Company has total assets worth $6,413,228. Next year it expects a net income of $3,145,778 and will pay out 70 percent as dividends. If the firm wants to limit its external financing to $1 million, what is the growth rate it can support?

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32.9%

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26.5%

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6.4%

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30.3%

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