Which one of the following would be considered a capital budgeting decision?

The balance sheet and income statement shown below are for Acorn Inc.   Balance Sheet (Millions of $) Assets 2022 Cash and securities $8,400 Accounts receivable 40,000 Inventories 35,600 Total current assets $84,000 Net plant and equipment $56,000 Total assets $140,000 Liabilities and Equity Accounts payable $42,500 Bonds payable 32,300 Notes payable 12,000 Total current liabilities $86,800 Long-term bonds $22,000 Total liabilities $108,800 Common stock $7,100 Retained earnings 24,100 Total common equity $31,200 Total liabilities and equity $140,000 Income Statement (Millions of $) 2022 Net sales $210,000 Operating costs except depreciation 190,650 Depreciation 4,100 Earnings before interest and taxes (EBIT) $15,250 Less interest 2,420 Earnings before taxes (EBT) $12,830 Taxes 2,348 Net income $10,482 Other data: Shares outstanding (millions) 780.00 Common dividends (millions of $) $1,243.20 Int rate on notes payable & L-T bonds 7% Federal plus state income tax rate 32% Year-end stock price $110.50 COMPUTE THE FOLLOWING 4 RATIOS. Explain the use of 2 of the ratios you calculated. Show all inputs and work. a) What is the firm’s current ratio?  b) What is the firm’s total assets turnover?  c) What is the firm’s TIE?  d) What is the firm’s ROA? 

The primary operating goal of a publicly-owned firm interested in serving its stockholders should be to:

Part II: Problems begins here–Answer 4 of the following 8 questions @ 10 points each Show all work label completely for full credit.  Calculators must be set to at least 5 decimal places.  Final answers should be in %  or $ form.  Do not round intermediate numbers. Select yes if you understand the instructions, and continue the exam.

Quest Inc. operates as a partnership. Now the partners have decided to convert the business into a corporation. Which of the following statements is CORRECT?

Determine the net change in the statement of cash flows from 2024 to 2025 if the following changes occur by creating the three categories from the statement of cash flows and putting each item into one of them. Indicate if it is a positive or negative change for each item and sum those changes in part IV to get net change. Each value is in millions of $. a. bonds payable increased by $11          b. notes payable decreased $8                c. depreciation increased $13      d. vehicles purchased $18                        e. accounts receivable decreased $7       f. dividend payments decreased $4 g. accounts payable decreased $14          h. inventory decreased $5                       i. land sold $23             j. interest earned on commercial paper $2

Which of the following is the least effective measure of operating performance?

A balance sheet may be considered backward-looking from the perspective that it:

Question 3 (20 Points).  A function

A 38-year-old male with treatment-resistant schizophrenia continues to experience persistent auditory hallucinations despite trials of multiple antipsychotics. He has a history of suicide attempts. Clozapine is initiated. Which statement BEST reflects appropriate monitoring and clinical considerations for this medication?