Exam 2: Introduction to Financial Statement Analysis

Use the table for the question(s)below. Consider the following income statement and other information: -Perrigo's return on equity (ROE)is closest to:

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.Inventory days for 2009 is closest to:

Cash is a:

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.Its Debt-to-Enterprise Value Ratio in 2009 is closest to:

Which of the following statements regarding the income statement is INCORRECT?

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

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:

Which of the following is (are)deducted from EBIT to determine net income?

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 Debt -Capital Ratio for 2009 is closest to:

The third party who checks annual financial statements to ensure that they are prepared according to GAAP and verifies that the information reported is reliable is the:

Use the table for the question(s)below. Consider the following balance sheet: -Luther Corporation's cash ratio for 2009 is closest to:

IECE's Return on Assets (ROA)is:

Perrigo's market debt to equity ratio is closest to:

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

Zoe Dental Implements has gross property,plant and equipment totaling $1.4 million,depreciation expense this year of $200,000,and accumulated depreciation last year of $550,000.What is Zoe's net property,plant and equipment?

If on December 31,2008 Luther has 8 million shares outstanding trading at $15 per share,then what is Luther's market-to-book ratio?

Which of the following is NOT a financial statement that every public company is required to produce?

Use the table for the question(s)below. Consider the following balance sheet: -The change in Luther's quick ratio from 2008 to 2009 is closest to:

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

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