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1、2023年广东注册金融分析师考试真题卷（9）本卷共分为1大题26小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共26题，每题2分。每题的备选项中，只有一个最符合题意） 1.Based on the following information, calculate the basic earnings per share. Income after tax: $180000 50000 common stock of $ 5 par: $ 250000 10000, 8% preference share of $ 5 par: $ 50000（）A. $3.23.B.
2、$3.52.C. $4.97.2.A company being analyzed has net income of $ 97, liabilities of $ 600, preferred equity of $ 30, total shareholder equity of $ 700, interest expense of $ 48, and preferred dividends of $1.80. What is the return on common equity（）A. 7.00%.B. 14.21%.C. 10.18%.3.A company has a cash co
3、nversion cycle of 70 days. If the company s payables turnover decreases from 11 to 10 and days of sales outstanding increase by 5, the companys cash conversion cycle will :（）A. decrease by approximately 8 days.B. decrease by approximately 3 days.C. increase by approximately 2 days.4.Baetica Company
4、reported the following selected financial statement data for the year ended December 31, 207 :（）A$25 millionB$ 30 millionC$ 35 million5.A firm s financial statements reflect the following:（）A0.4B0.5C0.66.Falcon Financial Group is considering the purchase of Company A or Company B based on a low pric
5、e-to-book investment strategy that also considers differences in solvency. Selected financial data for both firms, as of December 31, 207, follows:（）A$ 25.00B$ 26.00C$ 22.507.At the beginning of 2007, Thunderbird Company started a 3-year construction project. The following data relates to the projec
6、t:（）A$ 50 millionB$ 100 millionC$ 37 million8.Accounting warning signs related to the Enron scandal not included:（）AHigh senior management turnover.BPressure to support the stock price and debt rating.CNegative operating cash flow.9.An analyst has gathered the following data about a company: Average
7、 receivables collection period of 95 days Average inventory processing period of 183 days A payables payment period of 274 days What is their cash conversion cycle（）A. 186 days.B. 552 days.C. 4 days.10.Sterling Company is a start-up technology firm that has been experiencing super-normal growth over
8、 the past two years. Selected common-size financial information follows:AB2007 Actual % of SalesC2008 Forecast % of SalesDSalesE100 %F100%FCost of goods soldF60%F55%FSelling and administration expensesF25%F20%FDepreciation expenseF10%F10%FNet incomeF5%F15%FNon-cash operating working capitalF20%F25%F
9、Non-cash operating working capital = Receivables + Inventory - PayablesFF 11.An analyst has gathered the following information about a firm: Quick ratio of 0.25 Cash ratio of 0.20 $ 2 million in marketable securities $10 million in cash What is their receivables balance（）A. 3 million.B. 5 million.C.
10、 2 million.12.Study the following data, calculate the return on equity for 2001 and 2002.AB2001C2002DPre-interest profit margin(EBIT/S)E0.3F0.15FAsset turnover (S/A)F2F2FLeverage multiplier f A/E)F2F2FTax retention rate (1-t)F0.8F0.8FInterest expense ratio (I/A)F0.06F0.06 13.An analysis of the indus
11、try reveals that firms have been paying out 45 percent of their earnings in dividends, asset turnover = 1.2 ; asset-to-equity (A/E) = 1.1 and profit margins are 8 percent. What is the industry s projected growth rate（）A. 4.55%.B. 4.95%.C. 5.81%.14.Selected financial information gathered from the Mat
12、ador Corporation follows:AB2007C2006D2005EAverage debtF$ 792000F$ 800000F$ 820000FAverage equityF$ 215000F$ 294000F$ 364000FReturn on assetsF5.9%F6.6%F7.2%FQuick ratioF0.3F0.5F0.6FSalesF$1650000F$1452000F$1304000FCost of goods soldF$ 1345000F$1176000F$1043000 15.The main difference between the curre
13、nt ratio and the quick ratio is that the quick ratio excludes :（）A. cost of goods sold.B. inventory.C. sales.16.At year-end , Sun company reported cost of goods sold of $ 400 million. Ending accounts payable is $100 million, Assuming there are 365 days in a year, How many days on average it takes Su
14、n company to pay its suppliers.（）A80.75 daysB91.25 daysC102.25 days17.Risk factors related to opportunities for fraud invlude:（）A. The nature of the industry or operations.B. Threats to the firms' financial stability or profitability.C. Complex or unstable organizational structure.18.Johnson Corp. had the following financial results for the fiscal 2004 year:ACurrent ratioB2.00CQuick ratioD1.25ECurrent liabilitiesF$100000FInventory turnoverF12FGross profit %F25 19.Given the following income statement:（）A0.30B0.36C0.2520.A company has a c
