What advantages do sole proprietorships and partnerships offer?What is a major drawback of these types of organization? (10points)
In a corporate governance, what group has the ultimateresponsibility for monitoring management and protecting thestockholders' interests? Who elects this group? (10 points)
What is meant by maximizing ownerâs equity value (shareholderwealth)? Why are maximizing just net income, or just profit,inappropriate goals? (10 points)
List and describe the four major financial statements. (20points)
Why do financial managers and investors find cash flows to bemore important than accounting profit? (10 points)
What information does time series analysis provide for firmmanagers, analysts, and investors? (10 points)
Define the following ratios and explain their significance. (30points)
Quick ratio,Average collection period ,Return on equity,Debtratio, Profit margin
What advantages do sole proprietorships and partnerships offer?What is a major drawback of these types of organization? (10points)
In a corporate governance, what group has the ultimateresponsibility for monitoring management and protecting thestockholders' interests? Who elects this group? (10 points)
What is meant by maximizing ownerâs equity value (shareholderwealth)? Why are maximizing just net income, or just profit,inappropriate goals? (10 points)
List and describe the four major financial statements. (20points)
Why do financial managers and investors find cash flows to bemore important than accounting profit? (10 points)
What information does time series analysis provide for firmmanagers, analysts, and investors? (10 points)
Define the following ratios and explain their significance. (30points)
Quick ratio,Average collection period ,Return on equity,Debtratio, Profit margin
