Quick Quiz - Please answer - 1.Assets = Liabilities + 2.Cost of Goods Sold = 3.What are two ways that interest expense and dividends are different? 4. RE CASH FLOWS - 3 sources are reflected in the Statement of Cash Flows - they are 5.The SEC Act of 1933 and 1934 are two different ACTS. Explain the main differences 6. True or False - The Balance Sheet reflects a period of time, usually one year in duration 7. Please refer back to the slide in Mod 1 with the 8 companies I highlighted the NET PROFIT ratio for and, using some research - can you come up with the ROA - the return on assets for these companies? Yahoo, Apple, J&J, Starbucks, P&G, Home Depot, Target, CVS. 8. I'm looking at two companies. Co A - NI is $100,000 and ASSETS are $1 million; Co B NI is $200,000 and ASSETS are $2 million. What is the ROA for Co A? ; What is the ROA for Co Why might these ratios be not clearly reflective of a company's true ROA? 9. If Bernie Maddoff came to you and said "be my client and I can GUARANTEE you a secure annual rate of return of at least 10% forever" - What would you have done? B