(TCO 1) Which one of the following actions best matches the primary goal of financial management? (Points : 3) increasing the net working capital while lowering the long-term asset requirements improving the operating efficiency, thereby increasing the market value of the stock increasing the firm’s market share reducing fixed costs and increasing variable costs increasing the liquidity of the firm by transferring short-term debt into long-term debt 2. (TCO 1) When analyzing alternative capital structures for a firm, a financial manager must consider which of the following? (Points : 3) type of loan amount of funds needed cost of funds mix of debt and equity all of the above 3. (TCO 1) Market value reflects which of the following: (Points : 3) The amount someone is willing to pay today for an asset. The value of the asset based on generally-accepted accounting principles. The asset’s historical cost. A and B only None of the above 4. (TCO 1) Which of the following is true regarding income statements? (Points : 3) It reveals the net cash flows of a firm over a stated period of time. It reflects the financial position of a firm as of a particular date. It records revenue only when cash is received for the product or service provided. It records expenses based on the recognition principle. None of the above is a true statement.