CCRA Million Practice Questions
The free CCRA: Certified Credit Research Analyst questions that deal with million, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #6
A firm has an operating margin of 20% and sales of $1 million. What is its operating income?
Correct answer: B
Explanation
Operating Income = Operating Margin * Sales; hence, 20% of $1,000,000 equals $200,000.
Question #7
A corporation's common stock is currently valued at $50 per share, and it has 1 million shares outstanding. What is its market capitalization?
Correct answer: D
Explanation
Market Capitalization = Stock Price Shares Outstanding; thus, $50 1,000,000 = $50 million.
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