Series 7 Exam Question 393: Answer and Explanation

Question: 393

All the following calculations can be determined by finding the information on a corporation's balance sheet EXCEPT

• A. working capital
• B. net worth
• C. current yield
• D. quick assets

Correct Answer: C

Explanation:

C. You can calculate the working capital, net worth, and quick assets by looking at a corporation's balance sheet, but you need information on the income statement to calculate the current yield.