Accounting Chapter 14 Refer The Information Above Supremes Gross

subject Type Homework Help
subject Pages 14
subject Words 805
subject Authors Jan Williams, Joseph Carcello, Mark Bettner, Susan Haka

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90.
Refer to the information above. Supreme's gross profit rate was:
91.
Refer to the information above. What was Supreme's operating income? (in millions):
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92.
Refer to the information above. Supreme's return on assets was:
93.
Refer to the information above. Supreme's return on equity was:
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94.
Refer to the information above. Supreme's price-earnings ratio at year end was:
Shown below are selected data from the financial statements of Noble Computers. (Dollar
amounts are in millions, except for the per share data.)
Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per
share. At year-end, the Wall Street Journal listed Noble's capital stock as trading at $81 per
share.
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95.
Refer to the information above. Noble's price-earnings ratio at year end was:
96.
Refer to the information above. Noble's gross profit rate was:
page-pf5
97.
Refer to the information above. Noble's operating income was:
98.
Refer to the information above. Noble's return on assets was:
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99.
Refer to the information above. Noble's return on equity was:
100.
Assume that net sales are increasing faster than the rate of inflation, and that the
company's gross profit rate is rising. Of the following, the most logical conclusion is that:
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14-47
101.
Component percentages indicate the relative size of each item included in a total. Which of
the following statements is true?
Given below are comparative balance sheets and an income statement for Namekagon
Corporation.
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102.
Refer to the information above. Namekagon Corporation's return on common stockholders'
equity for 2015 is:
103.
Refer to the information above. Namekagon Corporation's interest coverage ratio for 2015
is:
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104.
Refer to the information above. Namekagon Corporation's book value per share for 2015 is:
105.
The price-earnings ratio is measured by dividing:
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106.
Return on equity computations are used in evaluating:
107.
The financial ratio intended to measure the effectiveness with which management has
utilized the resources of the business, regardless of how these resources are financed, is:
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108.
The return on assets ratio usually is computed as:
109.
The return on equity ratio usually is computed as:
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110.
Amalgamated Corporation's net income was $2,400,000 in 2014 and $800,000 in 2015.
What percentage increase in net income must Amalgamated achieve in 2016 to offset the
decline in profits in 2015?
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Given below are comparative balance sheets and an income statement for Claret
Corporation.
All sales were made on account. Cash dividends declared during the year totaled $11,492.
111.
Refer to the information above. Claret Corporation's return on assets for 2015 rounded to
the nearest tenth of a percent is:
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112.
Refer to the information above. Claret Corporation's return on common stockholders' equity
for 2015, rounded to the nearest tenth of a percent, is:
113.
Refer to the information above. Claret Corporation's accounts receivable turnover for 2015
is:
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114.
Refer to the information above. Claret Corporation's inventory turnover for 2015 is:
115.
Refer to the information above. Claret Corporation's gross profit rate for 2015 is:
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Given below are comparative balance sheets and an income statement for Eleva
Corporation.
All sales were made on account. Cash dividends declared during the year totaled $22,984.
116.
Refer to the information above. Eleva Corporation's accounts receivable turnover for 2015
is closest to:
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117.
Refer to the information above. Eleva Corporation's inventory turnover for 2015 is closest
to:
118.
Refer to the information above. Eleva Corporation's days to collect accounts receivable for
2015 is:
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119.
Refer to the information above. Eleva Corporation's days to sell the average inventory for
2015 is:
120.
Refer to the information above. Eleva Corporation's operating cycle (in days) for 2015 is:
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121.
An organization that provides ratings of corporate governance services is:
122.
In order for investors and creditors to decide whether to invest in a company or loan a
company funds they may:
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123.
Which of the following is
not
a measure of long-term credit risk?
124.
All of the following ratios are considered measures of profitability
except
:

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