Finance Objective Questions - Calculating Growth Rate by Sales and Time Taken to Repay Outstanding Bills
Question
1. Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc.
Sales in 2003 were $10,000. Therefore, the compounded average growth rate is:
- 8.6%
- 6.7%
- 6.3%
- Not enough information available
2. Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc.
All the customers of Toys by Tom, Inc. take advantage of credit offered. On average, they take ______ days to pay outstanding bills.
- 76 days
- 30 days
- 228 days
- 45 days
Summary
These two objective questions belong to Finance and they are about Toys By Tom Inc. The first question is about the growth rate achieved with sales and the second question is about the time taken by Toys By Tom to repay their outstanding bills.
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