Exam 14: Financial Statement Analysis Online

Harris Company,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 company's inventory turnover was closest to which of the following?

Marcell Company's accounts receivable turnover for Year 2 was closest to which of the following?

Narumi Company's times interest earned for Year 2 was closest to which of the following?

Laroche Company's dividend payout ratio for Year 2 was closest to which of the following?

Erack Company has $15,000 in cash,$4,000 in marketable securities,$38,000 in current receivables,$18,000 in inventories,and $40,000 in current liabilities.The company's acid-test (quick)ratio is closest to which of the following?

For Year 2,what was the gross margin as a percentage of sales?

Larosa Company's book value per share at the end of Year 2 was closest to which of the following?

Crabtree Company's net income last year was $50,000.The company paid dividends on preferred shares of $20,000,and its average common shareholders' equity was $440,000.The company's return on common shareholders' equity for the year was closest to which of the following?

Which of the following accounts would be included in the calculation of the acid-test ratio?

March Company's accounts receivable turnover for Year 2 was closest to which of the following?

Curry Company's acid-test (quick)ratio at December 31,Year 2 was closest to which of the following?

Only credit sales (i.e. ,sales on account)are included in the computation of the accounts receivable turnover.

What is the company's acid-test (quick)ratio?

Irappa Company,a retailer,had cost of goods sold of $170,000 last year.The beginning inventory balance was $28,000,and the ending inventory balance was $26,000.The company's average sale period (turnover in days)was closest to which of the following?

Eral Company has $17,000 in cash,$3,000 in marketable securities,$36,000 in current receivables,$24,000 in inventories,and $45,000 in current liabilities.The company's acid-test (quick)ratio is closest to which of the following?

Financial statements for Qualle Company appear below: Total dividends paid during Year 2 were $149,000,of which $10,000 were preferred dividends.The market price of a common share on December 31,Year 2 was $280. Required: Calculate the following for Year 2: a)Earnings per share. b)Price-earnings ratio. c)Dividend yield ratio. d)Return on total assets. e)Return on common shareholders' equity. f)Book value per share.

Crasler Company's net income last year was $100,000.The company paid dividends on preferred shares of $20,000,and its average common shareholders' equity was $580,000.The company's return on common shareholders' equity for the year was closest to which of the following?

March Company's working capital (in thousands of dollars)at the end of Year 2 was closest to which of the following?

The price-earnings ratio is calculated by dividing the market price per share by the current earnings per share.

Financial statements for Qiang Company appear below: Total dividends paid during Year 2 were $61,000,of which $12,000 were for preferred shares.The market price of a common share on December 31,Year 2 was $50. The preferred shares are convertible to common shares on the basis of four common shares for each preferred share. Required: Calculate the following for Year 2: a)Basic earnings per common share. b)Fully diluted earnings per common share. c)Price-earnings ratio (use basic earnings per share). d)Dividend yield ratio. e)Return on total assets. f)Return on common shareholders' equity. g)Book value per share.