The highest male voice type is the

Listen to the music example then choose the correct title for the selection:

Current Ratio = Current Assets / Current LiabilitiesQuick Ratio = (Current Assets – Inventory) / Current LiabilitiesInventory Turnover Ratio = Cost of Revenue / InventoryDays in Inventory = 365 / Inventory Turnover RatioReceivables Turnover Ratio = Revenue / Accounts ReceivableDays Sales Outstanding = 365 / Receivables Turnover RatioPayables Turnover Ratio = Cost of Revenue / Accounts PayableDays Payables Outstanding = 365 / Payables Turnover RatioDebt/Equity = Total Debt / (Shares Outstanding * Price) (Market Value Approach)Debt/Equity = Total Liabilities / Total Equity (Book Value Approach) Interest Coverage = (EBIT + Depreciation) / Interest ExpenseTotal Debt Ratio = Total Liabilities / Total AssetsProfit Margin = Net Income / SalesReturn on Assets = Net Income / Total AssetsReturn on Equity = Net Income / Total EquityEarnings Per Share = Net Income / Shares OutstandingPrice/Earnings = Market Price of Share / Earnings per ShareMarket to Book = (Shares Outstanding x Market Price) / Book Value of EquityEffective Tax Rate = Tax Expense / Earnings before TaxesCash Conversion Cycle = Days Sales Out. + Days in Inventory – Days Payable Out.Total Assets Turnover = Sales / Total AssetsNet Working Capital = Cash + Accounts Receivable + Inventory – Accounts PayableOperating Cash Flow = (Sales – Expenses – Depreciation)(1 – Tax Rate) + DepreciationSustainable Growth Rate = (1 – Payout Ratio) x Return on Equity

Which of the following is not one of the three, primary responsibilities of members of the Board of Directors for any company organized as a corporation?

Assume that the change in net working capital during year 3 is 1.0 M.  Given this stipulation, what is the operating cash flow (OCF) for year 3 of the project?

Assume that the depreciable assets have a net salvage of $4 M (even though this is incorrect and you actually found a different answer in question #2). Given this stipulation, what is the terminal cash flow at the end of the project?

You are considering the purchase of a new piece of equipment, “Model A”, that costs $600,000, and will be depreciated using four-year straight line depreciation over the course of the four year project.  The equipment requires 10,000 in annual maintenance, and will be sold for $80,000 at the end of four years.  If your effective tax rate is 20%, what will be the operating cash flow in year 2?  Your WACC is 10% on equipment purchases.  

What is the change in net working capital during year 2?

Which of the following is true regarding venture capital (VC) funds?

As an alternative, you could purchase “Model B” that costs $500,000, and will be depreciated using four-year, straight-line depreciation.  You will have no maintenance cost, and the equipment will be sold for $60,000 at the end of three years.  If your effective tax rate is 20%, what is the net salvage value of this equipment at the end of three years?  Your WACC is 10% on equipment purchases.