ANSWER SHEET EXAMINATION #2 1) D Problem 2

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2013 NACM 1 ANSWER SHEET EXAMINATION #2 1) D 2) B 26) D 3) C 27) B 4) A 28) B 5) D 29) C 6) D 30) A 7) D 31) B 8) C 32) D 9) D 33) D 10) B 34) D 11) A 12) A 13) D 14) C 15) A 16) C 17) B 18) B 19) C 20) B 21) B 22) D 23) B 24) A 25) C Problem 1 a. I b. F c. F d. F e. F f. I g. I h. F i. F j. I k. F l. I Problem 2 a. F b. C c. C d. O e. F f. F g. O h. O i. O j. I k. O l. O 2013 NACM 2 NACM-CAP-Solutions Financial Statement Analysis I EXAMINATION - 2 The exam consists of 34 multiple-choice questions (1 point each), two problems (12 points each) and a comprehensive case with 5 parts (42 points). You have 3 hours to complete the exam.

27. Which method of calculating cash flow from operations requires the adjustment of net income for deferrals, accruals, non-cash, and non-operating expenses? a) The direct method. b) The indirect method. c) The inflow method. d) The outflow method. 28. What do the asset turnover ratios measure? a) The liquidity of the firm’s current assets.

  Flows, Sachs, Liquidity, Cash flow