Exam 14: Financial Statement Analysis

The accounts receivable for Note Corporation was $240,000 at the beginning of the year and $260,000 at the end of the year.If the accounts receivable turnover for the year was 8 and 20% of the total sales were cash sales, the total sales for the year were:

(Multiple Choice)

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Question 141

The price-earnings ratio is determined by dividing market price per share of stock by the earnings per share.

(True/False)

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Question 142

Accounts receivable turnover will normally decrease as a result of:

(Multiple Choice)

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Question 143

Kestner Corporation has provided the following financial data: Required: a.What is the company's accounts receivable turnover for Year 2? b.What is the company's average collection period for Year 2? c.What is the company's inventory turnover for Year 2? d.What is the company's average sale period for Year 2? e.What is the company's operating cycle for Year 2? f.What is the company's total asset turnover for Year 2?

(Essay)

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Question 144

McRae Corporation's total current assets are $380,000, its noncurrent assets are $500,000, its total current liabilities are $340,000, its long-term liabilities are $250,000, and its stockholders' equity is $290,000.Working capital is:

(Multiple Choice)

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Question 145

Tobia Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $6,300.The market price of common stock at the end of Year 2 was $1.78 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 earnings per share for Year 2? e.What is the company's price-earnings ratio for Year 2? f.What is the company's dividend payout ratio for Year 2? g.What is the company's dividend yield ratio for Year 2? h.What is the company's book value per share at the end of Year 2?

(Essay)

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Question 146

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

(Multiple Choice)

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Question 147

The average collection period for Year 2 is closest to:

(Multiple Choice)

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Question 148

The company's debt-to-equity ratio at the end of Year 2 is closest to:

(Multiple Choice)

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Question 149

Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.

(True/False)

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Question 150

The acid-test (quick)ratio at the end of Year 2 is closest to:

(Multiple Choice)

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Question 151

Schepp Corporation has provided the following financial data: 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?

(Essay)

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Question 152

Mihok Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,000.The market price of common stock at the end of Year 2 was $0.97 per share. Required: a.What is the company's earnings per share for Year 2? b.What is the company's price-earnings ratio for Year 2? c.What is the company's dividend payout ratio for Year 2? d.What is the company's dividend yield ratio for Year 2? e.What is the company's book value per share at the end of Year 2?

(Essay)

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Question 153

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

(Multiple Choice)

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Question 154

Harris Corporation, a retailer, had cost of goods sold of $290,000 last year.The beginning inventory balance was $26,000 and the ending inventory balance was $24,000.The corporation's inventory turnover was closest to:

(Multiple Choice)

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Question 155

Hagle Corporation has provided the following financial data: Required: a.What is the company's accounts receivable turnover for Year 2? b.What is the company's average collection period for Year 2? c.What is the company's inventory turnover for Year 2? d.What is the company's average sale period for Year 2? e.What is the company's operating cycle for Year 2? f.What is the company's total asset turnover for Year 2?

(Essay)

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Question 156

Maraby Corporation's average collection period for Year 2 was closest to:

(Multiple Choice)

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Question 157

Keyton Corporation's net operating income in Year 2 was $43,714, net income before taxes was $30,714, and the net income was $21,500.Total common stock was $200,000 at the end of both Year 2 and Year 1.The par value of common stock is $4 per share.The company's total stockholders' equity at the end of Year 2 amounted to $1,148,000 and at the end of Year 1 to $1,130,000.The company declared and paid $3,500 dividends on common stock in Year 2.The market price per share was $8.43 at the end of Year 2.The company's dividend payout ratio for Year 2 is closest to:

(Multiple Choice)

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Question 158

A common-size financial statement is a vertical analysis in which each financial statement account is expressed as a percentage.

(True/False)

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Question 159

The company's current ratio is closest to:

(Multiple Choice)

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Question 160

Showing 141 - 160 of 289

The accounts receivable for Note Corporation was $240,000 at the beginning of the year and $260,000 at the end of the year.If the accounts receivable turnover for the year was 8 and 20% of the total sales were cash sales, the total sales for the year were:

The price-earnings ratio is determined by dividing market price per share of stock by the earnings per share.

Accounts receivable turnover will normally decrease as a result of:

McRae Corporation's total current assets are $380,000, its noncurrent assets are $500,000, its total current liabilities are $340,000, its long-term liabilities are $250,000, and its stockholders' equity is $290,000.Working capital is:

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

The average collection period for Year 2 is closest to:

The company's debt-to-equity ratio at the end of Year 2 is closest to:

Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.

The acid-test (quick)ratio at the end of Year 2 is closest to:

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

Harris Corporation, a retailer, had cost of goods sold of $290,000 last year.The beginning inventory balance was $26,000 and the ending inventory balance was $24,000.The corporation's inventory turnover was closest to:

Maraby Corporation's average collection period for Year 2 was closest to:

A common-size financial statement is a vertical analysis in which each financial statement account is expressed as a percentage.

The company's current ratio is closest to:

Managerial Accounting and Cost Concepts

Job-Order Costing: Calculating Unit Product Costs

Job-Order Costing: Cost Flows and External Reporting

Activity-Based Costing

Process Costing6 Cost-Volume-Profit Relationships

Cost-Volume-Profit Relationships

Variable Costing and Segment Reporting: Tools for Management

Master Budgeting

Performance Measurement in Decentralized Organizations

Differential Analysis: The Key to Decision Making

Capital Budgeting Decisions

Flexible Budgets Standard Costs and Variance Analysis

Statement of Cash Flows

Job-Order Costing: Cost Flows and External Reporting

Process Costing6 Cost-Volume-Profit Relationships

Cost-Volume-Profit Relationships

Flexible Budgets, Standard Costs, and Variance Analysis

Flexible Budgets, Standard Costs, and Variance Analysis

A Capital Budgeting Decisions

A Statement of Cash Flows

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