Exam 2: Introduction to Financial Statement Analysis

Use the table for the question(s) below. Consider the following balance sheet: -If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share,then what is Luther's Enterprise Value?

Use the table for the question(s) below. Consider the following income statement and other information: -Wyatt Oil has a net profit margin of 4.0%,a total asset turnover of 2.2,total assets of $525 million,and a book value of equity of $220 million.Wyatt Oil's current return-on-assets (ROA)is closest to:

Cash is a:

Use the table for the question(s) below. Consider the following balance sheet: -If in 2009 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share,then Luther's Market-to-book ratio would be closest to:

The firm's asset turnover measures:

Use the table for the question(s) below. Consider the following income statement and other information: -Luther's EBIT coverage ratio for the year ending December 31,2008 is closest to:

On the balance sheet,short-term debt appears:

Accounts payable is a:

Use the table for the question(s) below. Consider the following balance sheet: -Luther Corporation's total sales for 2009 were $610.1,and gross profit was $109.0.Accounts payable days for 2009 is closest to:

If Moon Corporation has an increase in sales,which of the following would result in no change in its EBIT margin?

Which of the following adjustments to net income is NOT correct if you are trying to calculate cash flow from operating activities?

If Moon Corporation's gross margin declined,which of the following is TRUE?

Use the table for the question(s) below. Consider the following income statement and other information: -For the year ending December 31,2009 Luther's earnings per share are closest to:

Use the table for the question(s) below. Consider the following income statement and other information: -Luther's return on assets (ROA)for the year ending December 31,2009 is closest to:

The Sarbanes-Oxley Act (SOX)stiffened penalties for providing false information by:

Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense $2 million -If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding,then ECE's market-to-book ratio is closest to:

Use the tables for the question(s) below. Consider the following financial information: -For the year ending December 31,2009 Luther's cash flow from operating activities is:

Use the table for the question(s) below. Consider the following income statement and other information: -If Luther's accounts receivable were $55.5 million in 2009,then calculate Luther's accounts receivable days for 2009.

Use the table for the question(s) below. Consider the following balance sheet: -Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its excess cash in 2009 is $23.4.If EBIT is 41.2 and tax rate is 35%,its Return on Invested Capital in 2009 is closest to:

Use the information for the question(s) below. In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding, a market-to-book ratio of 3.76. In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $257.09 million. -Perrigo's book value of equity is closest to: