Question 1.1.Which of the following organization forms accounts for the greatest number of firms? (Points : 10)

Question 2.2.Which of the following statements is most correct? (Points : 10)

Question 3.3.The person charged with running the corporation by instituting the rules and policies set by the board of directors is called the: (Points : 10)

Question 4.4.If you buy shares of Coca-Cola on the primary market: (Points : 10)

Question 5.5.The third party who checks annual financial statements to ensure that they are prepared according to GAAP and verifies that the information reported is reliable is the: (Points : 10)

Question 6.6.On the balance sheet, current maturities of long-term debt appears: (Points : 10)

Question 7.7.In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, and a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. Perrigo’s market capitalization is closest to __________. (Points : 10)

Question 8.8.Which of the following is not an operating expense? (Points : 10)

Question 9.9.Off-balance sheet transactions are required to be disclosed: (Points : 10)

Question 10.10.ECE has $200 million in assets, $100 million in shareholder equity, and sales of $300. If ECE’s return on assets (ROA) is 12%, then ECE’s return on equity (ROE) is __________. (Points : 10)