In a ratio comparing an income statement number with a balance sheet number, the external analyst:
a. will be able to arrive at a good ratio by totaling two balance sheet numbers.
b. will usually divide the income statement number by the beginning balance sheet number.
c. will probably not capture changes that occur unevenly throughout the year.
d. will usually divide the income statement number by the sum of the beginning and ending balance sheet numbers.
c
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A company that takes short term deposits and makes long term loans is a
A. a financial intermediary. B. a brokerage. C. an investment bank. D. a secondary market maker.
In an efficient market, a stock with a standard deviation of returns of 12% could have a higher
expected return than a stock with a standard deviation of 10% because the beta for the higher standard deviation stock could be lower than the beta for the lower standard deviation stock. Indicate whether the statement is true or false
A posthumous heir can never inherit from a decedent
Indicate whether the statement is true or false
In Dunkin' Donuts v. Sandip the court held that the parent company (Dunkin') properly terminated a franchise operation due to violations of operating requirements
a. True b. False Indicate whether the statement is true or false