Exam 16: How Well Am I Doing Financial Statement Analysis

Data from Gofman Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900. -The acid-test ratio at the end of Year 2 is closest to:

Last year, Iurato Corporation's dividend on common stock was $8.20 per share and the dividend on preferred stock was $3.40 per share. The market price of common stock at the end of the year was $50.70 per share. Required: Compute the dividend yield ratio. Show your work!

Data from Murrish Corporation's most recent balance sheet appear below: A total of 200,000 shares of common stock and 40,000 shares of preferred stock were outstanding at the end of the year. The book value per share is closest to:

Data from Gofman Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900. -The current ratio at the end of Year 2 is closest to:

The gross margin percentage is computed by dividing net income before interest and taxes by sales.

Lesmerises Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share. -The book value per share at the end of Year 2 is closest to:

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