Exam 16: How Well Am I Doing Financial Statement Analysis

Excerpts from Shelton Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,320 and the cost of goods sold was $890. -The working capital at the end of Year 2 is:

Dadisman Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $30 thousand. Dividends on preferred stock totaled $20 thousand. The market price of common stock at the end of Year 2 was $6.75 per share. -The price-earnings ratio for Year 2 is closest to:

The Miller Company paid off some of its accounts payable using cash. The company's current ratio is greater than 1. The company's current ratio would:

Juncker Corporation's most recent balance sheet and income statement appear below: -The debt-to-equity ratio at the end of Year 2 is closest to:

Data from Panganiban Corporation's most recent balance sheet appear below: Required: Compute the company's acid-test ratio. Show your work!

Trusillo Corporation's net operating income last year was $103,000; its interest expense was $17,000; its total stockholders' equity was $1,260,000; and its total liabilities were $380,000. Required: Compute the following for Year 2: a. Times interest earned. b. Debt-to-equity ratio.

Financial statements for Larkins Company appear below: Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150. -Lisa Inc.'s return on common stockholders' equity for Year 2 was closest to:

Excerpts from Deandrade Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,360 and the cost of goods sold was $830. -The current ratio at the end of Year 2 is closest to:

Guynn Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $10 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.05 per share. -The dividend yield ratio for Year 2 is closest to:

Financial statements for Raridan Company appear below: Required: Compute the following for Year 2: a. Current ratio. b. Acid-test ratio. c. Average collection period. d. Inventory turnover. e. Times interest earned. f. Debt-to-equity ratio.

Financial statements for Marcalo Company appear below: -Marcalo Company's average collection period for Year 2 was closest to:

Financial statements for Qiang Company appear below: Dividends during Year 2 totaled $61 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $50. Required: Compute the following for Year 2: a. Earnings per share of common stock. b. Price-earnings ratio. c. Dividend yield ratio. d. Return on total assets. e. Return on common stockholders' equity. f. Book value per share.

Litten Corporation's most recent income statement appears below: The gross margin percentage is closest to:

Which one of the following would increase the working capital of a company?

The following information relates to Poblano Company for last year: -What is Poblano's price-earnings ratio for last year?

Financial statements for Larkins Company appear below: Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150. -Larkins Company's price-earnings ratio on December 31, Year 2 was closest to:

Net operating income will always increase when a company increases its accounts receivable turnover.

Excerpts from Deandrade Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,360 and the cost of goods sold was $830. -The acid-test ratio at the end of Year 2 is closest to:

Data from Karmely Corporation's most recent balance sheet and the company's income statement appear below: -The debt-to-equity ratio at the end of Year 2 is closest to:

Marcy Corporation's current ratio is currently 1.75. The firm's current ratio cannot fall below 1.5 without violating agreements with its bondholders. If current liabilities are presently $250 million, the maximum new short-term debt that can be issued to finance an equivalent amount of inventory expansion is: