Exam 20: Company Performance: Comprehensive Evaluation

The numerator used to calculate accounts receivable turnover is:

Which of the following two ratios measure the short-term solvency of a company?

Which of the following ratios would be computed automatically in performing vertical analysis of an income statement?

The denominator in the gross margin percentage is:

Use the following to answer questions The Ventura Company reported total stockholders' equity of $500,000 at December 31, 2010. In addition, there were 80,000 shares of common stock and zero shares of preferred stock outstanding for the entire year. During 2010, Ventura earned net income equal to $75,000, which included deductions of $7,000 for interest and $11,000 for income taxes. Total dividends paid to common stockholders during the year were $60,000. The company's statement of cash flows showed $56,000 in net cash inflows from operating activities, and its stock was selling for $17 per share on December 31, 2010. -The times interest earned ratio was:

Use the following to answer questions Pioneer Industries gathered the following year-end data (in thousands) for 2010 and 2009: Curent Assets Long-Tenn Arsets 790 720 Curtert Liabilities 280 310 Long-Term Liabilities 410 440 Owners' Equity 445 335 Net Sales 830 790 Gross Margir 375 355 Net Income 120 105 -The return on sales for 2010 was:

Terms of creditors' lending agreements that restrict management's behavior are called:

Use the following to answer questions Little Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009: Curent Assets Long-Tenn Arsets 885 585 Curtert Liabilities 385 385 Long-Term Liabilities 575 575 Owners' Equity 575 265 Net Sales 975 775 Gross Margir 485 365 Net Income 255 100 -The current ratio at the end of 2010 was:

Which of the following is an opinion on the financial statements of the a company?

Use the following to answer questions Pioneer Industries gathered the following year-end data (in thousands) for 2010 and 2009: Curent Assets Long-Tenn Arsets 790 720 Curtert Liabilities 280 310 Long-Term Liabilities 410 440 Owners' Equity 445 335 Net Sales 830 790 Gross Margir 375 355 Net Income 120 105 -The gross margin percentage for 2010 was:

Which of the following statements about sources of external standards for evaluating firm's performance is false?

Write out the earnings per share ratio (EPS)( Show your work here). Explain how the earnings per share ratio is used?

Consumer demand dictates the types of businesses that exist and how much of a given product or service is available in a:

Use the following to answer questions Pioneer Industries gathered the following year-end data (in thousands) for 2010 and 2009: Curent Assets Long-Tenn Arsets 790 720 Curtert Liabilities 280 310 Long-Term Liabilities 410 440 Owners' Equity 445 335 Net Sales 830 790 Gross Margir 375 355 Net Income 120 105 -The current ratio at the end of 2010 was:

Use the following to answer questions Big Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009:                                                         $2010 \quad 2009$ Current Assets \ 450 \ 500 Long-Term Assets 810 620 Current Liabilities 310 420 Long-Term Liabilities 500 610 Owners' Equity 500 300 Net Sales 900 810 Gross Margin 410 400 Net Tncome 180 13 -The asset turnover ratio for 2010 was:

Use the following to answer questions -Using horizontal analysis,the figure that would appear in the percent column for Gross margin is:

Use the following to answer questions -If a vertical analysis were performed relative to the year ended December 31,2010,the figure that would appear in the percent column for Income tax expense would be:

Use the following to answer questions -If a vertical analysis were performed relative to the year ended December 31,2010,the figure that would appear in the percent column for Net income would be:

A company's current ratio equals: