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Fin3403

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Submitted By Samieb2711
Words 2828
Pages 12
FIN 3403 (Financial Management)
Test I Spring 2015
Version: 1 (Bubble “1” on GRADE or EDUC on the scantron)

Name :_______________________________________

Panther ID :_______________________________________
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FIU E-mail :_______________________________________
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Instructions

1. You have 110 minutes. 2. At anytime during the test, you can’t have anything other than your test, pencil, eraser, calculator and formula sheet on your desk. 3. ABSOLUTELY NO QUESTIONS/TALKING DURING EXAMINATION 4. Read, write your name and sign below.

-------------------------------------------------------------------------------------------------------, I solemnly declare that I will not cheat or help others in cheat in the examination

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SIGNATURE

There are 35 questions, bubble your answer on your scantron using a pencil. GOOD LUCK!

1. If you just purchased a share of IBM through a New York Stock Exchange-based transaction, you participated in a) | a secondary market transaction. | b) | a primary market transaction. | c) | a direct financing transaction. | d) | none of the above. |

2. Centennial Brewery produced revenues of $2,207,558 in 2015. Its cost of goods sold and selling and administrative expenses are a total of $867,025, depreciation is $160,201, and interest expense is $112,571. It pays a marginal tax rate of 34 percent. What is the firm's net income after taxes? a) | $627,203 | b) | $704,722 | c) | $641,297 | d) | $613,108 |

3. All but one of the following is true about quick ratios. a) | Quick ratios will tend to be much smaller than current ratio for manufacturing firms or other industries

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