Exam 3: Working With Financial Statements

You are analyzing a company that has cash of $8,800,accounts receivable of $15,800,fixed assets of $87,600,accounts payable of $40,300,and inventory of $46,900.What is the quick ratio?

Adell Furniture has a profit margin of 8.2 percent on sales of $211,000.The common size ratio of dividends is .03 and total assets are $196,000.What is the plowback ratio?

Spring Falls Gifts has sales of $680,300,total assets of $589,100,and a profit margin of 4.3 percent.What is the return on assets?

Donegal's Industrial Products wishes to maintain a growth rate of 6 percent a year,a debt-equity ratio of .45,and a dividend payout ratio of 30 percent.The ratio of total assets to sales is constant at 1.25.What profit margin must the firm achieve?

All else held constant,which one of the following will decrease if a firm increases its net income?

Peterboro Supply has a current accounts receivable balance of $391,648.Credit sales for the year just ended were $5,338,411.How long did it take on average for credit customers to pay off their accounts during the past year? Assume a 365-day year.

Tower Pharmacy pays out a fixed percentage of its net income to its shareholders in the form of annual dividends.Given this,the percentage shown on a common-size income statement for the dividend account will:

Wiley’s has total equity of $679,400,long-term debt of $316,900,net working capital of $31,600,and total assets of $1,123,900.What is the total debt ratio?

Healthy Foods has a book value per share of $32.68,earnings per share of $3.09,and a price-earnings ratio of 16.8.What is the market-to-book ratio?

A firm has net working capital of $6,800 and current assets of $21,800.What is the current ratio?

The Blue Lagoon has a return on equity of 23.62 percent,an equity multiplier of 1.48,and a capital intensity ratio of 1.06.What is the profit margin?

A firm has a current ratio of 1.4 and a quick ratio of .9.Given this,you know for certain that the firm:

SRC,Inc.,sells its inventory in an average of 43 days and collects its receivables in 3.6 days,on average.What is the inventory turnover rate? Assume a 365-day year.

Jessica’s Sports Wear has $38,100 in receivables and $523,700 in total assets.The total asset turnover rate is 1.17 and the profit margin is 7.3 percent.How long on average does it take to collect the receivables? Assume a 365-day year.

ABD common stock is selling for $36.08 a share.The company has earnings per share of $.34 and a book value per share of $12.19.What is the market-to-book ratio?

Assume earnings before interest and taxes of $38,218 and net income of $14,042.The tax rate is 34 percent.What is the times interest earned ratio?

KBJ has total assets of $613,000.There are 21,000 shares of stock outstanding with a market value of $13 a share.The firm has a profit margin of 6.2 percent and a total asset turnover of 1.08.What is the price-earnings ratio?

UXZ has sales of $683,200,cost of goods sold of $512,900,and inventory of $74,315.What is the inventory turnover rate?

Leisure Products has sales of $738,800,cost of goods sold of $598,200,and accounts receivable of $86,700.How long on average does it take the firm's customers to pay for their purchases? Assume a 365-day year.

A firm has net income of $4,238 and interest expense of $898.The tax rate is 35 percent.What is the firm's times interest earned ratio?