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

A) 33.0% B) 40.1% C) 42.2% D) 45.6% A) 33.0% B) 40.1% C) 42.2% D) 45.6%

Exam 20: Company Performance: Comprehensive Evaluation

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 gross margin percentage for 2010 was:

(Multiple Choice)

4.8/5

(36)

Question 81

Financial statements which report two or more years of information side by side are referred to as

(Multiple Choice)

4.8/5

(32)

Question 82

Which of the following statements about the current ratio is false?

(Multiple Choice)

4.8/5

(33)

Question 83

You know that a firm has a current ratio of 2.2 to 1.What other information do you need in order to determine whether that's good or bad?

(Essay)

4.8/5

(36)

Question 84

All of the following ratios are generally used to assess a firm's creditworthiness except:

(Multiple Choice)

4.8/5

(32)

Question 85

Which of the following statements about the current ratio is false?

(Multiple Choice)

5.0/5

(34)

Question 86

Which of the following ratios commonly used by investors to evaluate a potential stock investment uses the market price of the stock as part of the calculation?

(Multiple Choice)

4.7/5

(36)

Question 87

The return on assets ratio is used to assess a firm's:

(Multiple Choice)

4.8/5

(34)

Question 88

The numerator in the return on assets ratio is:

(Multiple Choice)

4.9/5

(37)

Question 89

Match the appropriate titles to this ratios listed below.

\frac { Net Income } { Average Stockholders' Equity }

Quick Ratio

\frac {Current Market Price per Share (Common Stock) } { Earnings per Share }

Return on Equity

\frac {Income before interest and taxes } { Interest Expense }

Times Interest Earned

Correct Answer:

Verified

\frac { Net Income } { Average Stockholders' Equity }

\frac {Current Market Price per Share (Common Stock) } { Earnings per Share }

\frac {Income before interest and taxes } { Interest Expense }

\underline { \text { Cash } + \text { Temporary Investments } + \text { Receivables } }

Current Liabilities

\frac { Cost of Goods Sold} { Average Inventory}

(Matching)

4.7/5

(38)

Question 90

Write out the dividend yield ratio ( Show your work here). Explain how the dividend yield ratio is used.

(Essay)

4.9/5

(30)

Question 91

The dividend payout ratio relates the amount of dividends paid to the:

(Multiple Choice)

4.8/5

(30)

Question 92

Which combination of ratios describes the length of the operating cycle?

(Multiple Choice)

4.9/5

(40)

Question 93

In a common-sized income statement,each item is shown as a percentage of

(Multiple Choice)

4.8/5

(34)

Question 94

Financial statements which report two or more years of information side by side are referred to as

Which of the following statements about the current ratio is false?

You know that a firm has a current ratio of 2.2 to 1.What other information do you need in order to determine whether that's good or bad?

All of the following ratios are generally used to assess a firm's creditworthiness except:

Which of the following statements about the current ratio is false?

Which of the following ratios commonly used by investors to evaluate a potential stock investment uses the market price of the stock as part of the calculation?

The return on assets ratio is used to assess a firm's:

The numerator in the return on assets ratio is:

Write out the dividend yield ratio ( Show your work here). Explain how the dividend yield ratio is used.

The dividend payout ratio relates the amount of dividends paid to the:

Which combination of ratios describes the length of the operating cycle?

In a common-sized income statement,each item is shown as a percentage of

Accounting and Business

Business Processes and Accounting Information

Operating Processes: Planning and Control

Short-Term Decision Making

Strategic Planning Regarding Operating Processes

Planning, The Balanced Scorecard, and Budgeting

Accounting Information Systems

Purchasinghuman Resourcespayment Process: Recording and Evaluating Expenditure Process Activities

Recording and Evaluating Conversion Process Activities

Recording and Evaluating Revenue Process Activities

Time Value of Money

Planning Investments: Capital Budgeting

Planning Equity Financing

Planning Debt Financing

Recording and Evaluating Capital Resource Process Activities: Financing

Recording and Evaluating Capital Resource Process Activities: Investing

Company Performance: Profitability

Company Performance: Owners Equity and Financial Position

Company Performance: Cash Flows

Filters