33. Using the table below compute ROE for 2011 year-end for DuPont (Ticker = DD).

ticker	year	period			revenue			cost of revenue			assets			equity
DD	2010		Y		$	28,899,000,000		$	20,574,000,000		$	40,410,000,000		$	9,800,000,000
DD	2011		Q1			10,059,000,000			6,831,000,000			42,600,000,000			11,279,000,000
DD	2011		Q2			10,493,000,000			7,191,000,000			47,736,000,000			12,502,000,000
DD	2011		Q3			8,303,000,000			6,345,000,000			47,794,000,000			12,024,000,000
DD	2011		Y			34,423,000,000			21,264,000,000			48,643,000,000			9,208,000,000
DD	2012		Q1		$	10,194,000,000		$	6,816,000,000		$	50,223,000,000		$	10,427,000,000

Multiple Choice

• 149.2%

• 70.8%

• 84.9%

• 142.9%

34. Using the table below compute operating leverage for Q3, 2011 for DuPont (Ticker = DD).

ticker	year	period			revenue			cost of revenue			assets			equity
DD	2010		Y		$	28,899,000,000		$	20,574,000,000		$	40,410,000,000		$	9,800,000,000
DD	2011		Q1			10,059,000,000			6,831,000,000			42,600,000,000			11,279,000,000
DD	2011		Q2			10,493,000,000			7,191,000,000			47,736,000,000			12,502,000,000
DD	2011		Q3			8,303,000,000			6,345,000,000			47,794,000,000			12,024,000,000
DD	2011		Y			34,423,000,000			21,264,000,000			48,643,000,000			9,208,000,000
DD	2012		Q1		$	10,194,000,000		$	6,816,000,000		$	50,223,000,000		$	10,427,000,000

Multiple Choice

• 13.3%

• 17.4%

• 25.2%

• 52.8%

35. The acid-test ratio is an example of which type of ratio?

Multiple Choice

• solvency ratio

• profitability ratio

• liquidity ratio

• activity ratio

36. Number of tax audits closed and significance of assessment would be an example of which kind of KPI?

Multiple Choice

• Tax cost

• Tax risk

• Tax efficiency and effectiveness

• Tax sustainability

37. A tax ____________ is used to extract past and real-time data from the financial reporting system that is most applicable to the tax function.

Multiple Choice

• data warehouse

• data mart

• data store

• database

38. According to the text, tax planning would involve all but one of the following questions:

Multiple Choice

• What will be the impact of a new tax rate on our tax liability?

• Are we minimizing our tax burden by tracking all eligible deductible expenses and transactions that qualify for tax credits?

• What would be the impact of relocating our headquarters to a different city, state or country?

• How to minimize taxes on the tax return on the fiscal year just ended?

39. Tax sustainability KPIs appear on dashboards or cockpits, consistent with which components of the IMPACT model?

Multiple Choice

• Tracking Outcomes

• Identify the Question

• Master the Data

• Communicate Insights

40. Level of job satisfaction of the tax personnel would be an example of which kind of KPI?

Multiple Choice

• Tax cost

• Tax risk

• Tax efficiency and effectiveness

• Tax sustainability