1. Which of the following financial variables represents a liability?
Current assets
Net fixed assets
Accounts payable
Receivables
Inventories
2. _____________ should be used in the calculation of debt and equity weights in the weighted average cost of capital formulation.
Market values
Historical values
Estimated values
Book values
Beta values
3. The __________ is the process of “going public” (selling publicly traded equity for the ?rst time).
first in line
initial public offering
opening selloff
public transaction
early stock sale