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Exam 14: Financial Statement Analysis

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Question 101

Multiple Choice

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The company's return on total assets for Year 2 is closest to:

A) 2.75%
B) 1.64%
C) 1.65%
D) 2.76%

E) A) and C)
F) None of the above

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Question 102

Multiple Choice

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The company's average sale period for Year 2 is closest to:

A) 91.9 days
B) 48.9 days
C) 90.1 days
D) 198.1 days

E) None of the above
F) C) and D)

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Question 103

Multiple Choice

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The company's gross margin percentage for Year 2 is closest to:

Narstad Corporation's debt-to-equity ratio at the end of Year 2 was closest to:

A portion of Lapore Corporation's Balance Sheet appears below: The company's debt-to-equity ratio at the end of Year 2 is closest to:

Steinkraus Corporation has provided the following data: Required: Compute the accounts receivable turnover for this year.Show your work!

The company's total asset turnover for Year 2 is closest to:

All other things the same, purchasing merchandise inventory would have no effect on the accounts receivable turnover ratio at a retailer.

Medina Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,000.The market price of common stock at the end of Year 2 was $1.49 per share. Required: a.What is the company's times interest earned ratio for Year 2? b.What is the company's debt-to-equity ratio at the end of Year 2? c.What is the company's equity multiplier at the end of Year 2? d.What is the company's net profit margin percentage for Year 2? e.What is the company's gross margin percentage for Year 2? f.What is the company's return on total assets for Year 2? g.What is the company's return on equity for Year 2? h.What is the company's earnings per share for Year 2? i.What is the company's price-earnings ratio for Year 2? j.What is the company's dividend payout ratio for Year 2? k.What is the company's dividend yield ratio for Year 2? l.What is the company's book value per share at the end of Year 2?

The current ratio at the end of Year 2 is closest to:

For Year 2, Etzkorn Corporation's sales were $1,480,000, its gross margin was $580,000, its net operating income was $63,714, its net income before taxes was $42,714, and its net income was $29,900.The company's total stockholders' equity at the end of Year 2 amounted to $829,000 and at the end of Year 1 to $800,000.The company's return on equity for Year 2 is closest to:

The working capital at the end of Year 2 is:

The company's working capital at the end of Year 2 is:

Data from Ben Corporation's most recent balance sheet and income statement appear below: Required: Compute the average sale period for this year:

Maraby Corporation's working capital (in thousands of dollars) at the end of Year 2 was closest to:

All other things the same, when a company increases its inventories in anticipation of later higher sales, the accounts receivable turnover ratio for the current period increases.

All other things the same, those who hold the company's debt (i.e., its creditors)would like a low debt-to-equity ratio to provide a buffer of protection.

When computing the return on total assets, the interest expense is added back to net income to show what earnings would have been if the company had no debt.

The average sale period for Year 2 is closest to:

Last year Truro Corporation purchased $800,000 of inventory.The cost of goods sold was $750,000 and the ending inventory was $125,000.The inventory turnover for the year was: