Exam 16: How Well Am I Doing Financial Statement Analysis

Selected financial data (in thousands of dollars) for Barnstable Company appear below: -For Year 2, the gross margin as a percentage of sales was:

Kapinos Corporation has provided the following data: Required: Compute the accounts receivable turnover for this year. Show your work!

Excerpts from Stys Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $50 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $8.20 per share. -The price-earnings ratio for Year 2 is closest to:

Draper Company's working capital is $12,000 and its current liabilities are $71,000. The company's current ratio is closest to:

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

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 dividend yield ratio on December 31, Year 2 was closest to:

Excerpts from Stys Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $50 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $8.20 per share. -The return on common stockholders' equity for Year 2 is closest to:

Mccaughey Corporation's most recent balance sheet and income statement appear below: -What will happen to the ratios below if CPZ Enterprises uses cash to pay 50 percent of its accounts payable?

Excerpts from Stys Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $50 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $8.20 per share. -The earnings per share of common stock for Year 2 is closest to:

Financial statements for Nardella Company appear below: -Nardella Company's times interest earned for Year 2 was closest to:

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 earnings per share of common stock for Year 2 is closest to:

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 times interest earned for 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 gross margin percentage for Year 2 is closest to:

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 inventory turnover for Year 2 is closest to:

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 book value per share of common stock at December 31, Year 2, was closest to:

Mccaughey Corporation's most recent balance sheet and income statement appear below: -The working capital at the end of Year 2 is:

Bracken Company's net income last year was $85,000 and its interest expense was $10,000. Total assets at the beginning of the year were $660,000 and total assets at the end of the year were $600,000. The company's income tax rate was 30%. The company's return on total assets for the year was closest to:

Spina Corporation's net income last year was $5,472,000. The dividend on common stock was $10.70 per share and the dividend on preferred stock was $3.00 per share. The market price of common stock at the end of the year was $49.20 per share. Throughout the year, 400,000 shares of common stock and 100,000 shares of preferred stock were outstanding. Required: Compute the dividend payout ratio. Show your work!

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 book value per share at the end of Year 2 is closest to:

The inventory turnover ratio is equal to the average inventory balance divided by the cost of goods sold.