126.
One of several ratios that reflects solvency includes the:
127.
A company had a market price of $27.50 per share, earnings per share of $1.25, and
dividends per share of $0.40. Its price-earnings ratio equals:
128.
A company reports basic earnings per share of $3.50, cash dividends per share of $1.25,
and a market price per share of $64.75. The company’s dividend yield equals:
129.
Rajan Company’s most recent balance sheet reported total assets of $1.9 million, total
liabilities of $0.8 million, and total equity of $1.1 million. Its debt to equity ratio is:
130.
Desjardin Landscaping’s income statement reports net income of $75,300, which includes
deductions for interest expense of $11,500 and income taxes of $34,900. Its times interest
earned is:
131.
Selected current year company information follows:
Net income
$15,953
Net sales
712,855
Total liabilities, beginning-year
83,932
Total liabilities, end-of–year
103,201
Total stockholders’ equity, beginning-
year
198,935
Total stockholders’ equity, end-of–year
121,851
Total liabilities
Total equity
Total assets
The total asset turnover is:
132.
Selected current year company information follows:
Net income
$15,953
Net sales
712,855
Total liabilities, beginning-year
83,932
Total liabilities, end-of–year
103,201
Total stockholders’ equity, beginning-
year
198,935
Total stockholders’ equity, end-of–year
121,851
The return on total assets is:
133.
All of the following statements regarding a business segment are true
except
:
134.
Use the following selected information from Wheeler, LLC to determine the 2017 and 2016
common size percentages for cost of goods sold using Net sales as the base.
2017
2016
Net sales
$276,200
$231,400
Cost of goods sold
151,900
129,590
Operating expenses
55,240
53,240
Net earnings
27,820
19,820
135.
Use the following selected information from Wheeler, LLC to determine the 2017 and 2016
common size percentages for operating expenses using Net sales as the base.
2017
2016
Net sales
$276,200
$231,400
Cost of goods sold
151,900
129,590
Operating expenses
55,240
53,240
Net earnings
27,820
19,820
136.
Use the following selected information from Wheeler, LLC to determine the 2017 and 2016
trend percentages for net sales using 2016 as the base.
2017
2016
Net sales
$276,200
$231,400
Cost of goods sold
151,900
129,590
Operating expenses
55,240
53,240
Net earnings
27,820
19,820
137.
Use the following selected information from Wheeler, LLC to determine the 2017 and 2016
trend percentages for cost of goods sold using 2016 as the base.
2017
2016
Net sales
$276,200
$231,400
Cost of goods sold
151,900
129,590
Operating expenses
55,240
53,240
Net earnings
27,820
19,820
138.
Refer to the following selected financial information from McCormik, LLC. Compute the
company’s working capital for Year 2.
Year 2
Year 1
Cash
$37,500
36,850
Short-term investments
90,000
90,000
Accounts receivable, net
85,500
86,250
Merchandise inventory
121,000
117,000
Prepaid expenses
12,100
13,500
Plant assets
388,000
392,000
Accounts payable
113,400
111,750
Net sales
711,000
706,000
Cost of goods sold
390,000
385,500
139.
Refer to the following selected financial information from McCormik, LLC. Compute the
company’s current ratio for Year 2.
Year 2
Year 1
Cash
$37,500
36,850
Short-term investments
90,000
90,000
Accounts receivable, net
85,500
86,250
Merchandise inventory
121,000
117,000
Prepaid expenses
12,100
13,500
Plant assets
388,000
392,000
Accounts payable
113,400
111,750
Net sales
711,000
706,000
Cost of goods sold
390,000
385,500
140.
Refer to the following selected financial information from McCormik, LLC. Compute the
company’s acid-test ratio for Year 2.
Year 2
Year 1
Cash
$37,500
36,850
Short-term investments
90,000
90,000
Accounts receivable, net
85,500
86,250
Merchandise inventory
121,000
117,000
Prepaid expenses
12,100
13,500
Plant assets
388,000
392,000
Accounts payable
113,400
111,750
Net sales
711,000
706,000
Cost of goods sold
390,000
385,500
141.
Refer to the following selected financial information from McCormik, LLC. Compute the
company’s accounts receivable turnover for Year 2.
Year 2
Year 1
Cash
$37,500
36,850
Short-term investments
90,000
90,000
Accounts receivable, net
85,500
86,250
Merchandise inventory
121,000
117,000
Prepaid expenses
12,100
13,500
Plant assets
388,000
392,000
Accounts payable
113,400
111,750
Net sales
711,000
706,000
Cost of goods sold
390,000
385,500
142.
Refer to the following selected financial information from McCormik, LLC. Compute the
company’s inventory turnover for Year 2.
Year 2
Year 1
Cash
$37,500
36,850
Short-term investments
90,000
90,000
Accounts receivable, net
85,500
86,250
Merchandise inventory
121,000
117,000
Prepaid expenses
12,100
13,500
Plant assets
388,000
392,000
Accounts payable
113,400
111,750
Net sales
711,000
706,000
Cost of goods sold
390,000
385,500
143.
Refer to the following selected financial information from McCormik, LLC. Compute the
company’s days’ sales uncollected for Year 2.
Year 2
Year 1
Cash
$37,500
36,850
Short-term investments
90,000
90,000
Accounts receivable, net
85,500
86,250
Merchandise inventory
121,000
117,000
Prepaid expenses
12,100
13,500
Plant assets
388,000
392,000
Accounts payable
113,400
111,750
Net sales
711,000
706,000
Cost of goods sold
390,000
385,500
144.
Refer to the following selected financial information from McCormik, LLC. Compute the
company’s days’ sales in inventory for Year 2.
Year 2
Year 1
Cash
$37,500
36,850
Short-term investments
90,000
90,000
Accounts receivable, net
85,500
86,250
Merchandise inventory
121,000
117,000
Prepaid expenses
12,100
13,500
Plant assets
388,000
392,000
Accounts payable
113,400
111,750
Net sales
711,000
706,000
Cost of goods sold
390,000
385,500
145.
Refer to the following selected financial information from Frankle Corp. Compute the
company’s working capital.
Current Assets
306,450
Plant assets
338,000
Current Liabilities
107,800
Net sales
676,000
Net Income
75,000
146.
Refer to the following selected financial information from Frankle Corp. Compute the
company’s current ratio.
Current assets
306,450
Plant assets
388,000
Current Liabilities
107,800
Net sales
676,000
Net Income
75,000