Financial Statement Modeling Exam Latest 2024/2025 Questions And Correct Answers(100% Correct Verified Answers)

FINANCIAL STATEMENT MODELING EXAM LATEST 2024/2025 QUESTIONS AND CORRECT ANSWERS(100% CORRECT VERIFIED ANSWERS)ALREADY GRADED A+ Which formula is used to check that a Balance Sheet has been built correctly? - ANSWER-Total Assets = Total Liabilities + Stockholders' Equity :ow do you calculate =nventory Turns? - ANSWER-COGS / =nventory :ow do you calculate Days Sales Outstanding? - ANSWER-Accounts Receivable / Revenue * 365 We can project prepaid expenses by assuming its percentage of... - ANSWER-Revenue :ow do you calculate Net Working Capital? - ANSWER-Total non-cash current assets - Total non-debt current liabilities Depreciation is to PP&E as Amortization is to... - ANSWER-=ntangible Assets. We use this driver to project Capex: - ANSWER-% of revenueWhen calculating the ending balance of a line item in a projected year, we reference last year's ending balance as the beginning balance (T or F) - ANSWER-TRUE Beginning =ntangible Balance is $10 million; Amortization = $1.5 million; Additions = $0.75 million. What is the ending balance? - ANSWER-$9.25 million Assuming =ntangible Balance is 10.0 in C11, amortization is -1.5 in C12, and additions is 0.75 in C13, how would you quickly calculate ending Tangible Balance in C14? - ANSWER-Alt + = =n the Cash Flow Statement, we