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 inventory turnover for Year 2 is closest to:

Financial statements for Marcalo Company appear below: -Marcalo Company's current ratio at the end of Year 2 was closest to:

Olea Corporation has provided the following data: The inventory turnover for this year 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 working capital at the end of Year 2 is:

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 total assets for Year 2 is closest to:

Data from Waisner Corporation's most recent balance sheet and income statement appear below: The average sale period for this year is closest to:

Tedder Corporation has provided the following financial data (in thousands of dollars): Net income for Year 2 was $80 thousand. Interest expense was $16 thousand. The tax rate was 30%. 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 $6.79 per share. Required: Compute the following for Year 2: a. Earnings per share (of common stock). b. Price-earnings ratio. c. Dividend payout ratio. d. Dividend yield ratio. e. Return on total assets. f. Return on common stockholders' equity. g. Book value per share.

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

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 return on total assets for Year 2 is closest to:

An increase in the market price of a company's common stock will immediately affect its:

Mccaughey Corporation's most recent balance sheet and income statement appear below: -The average collection period for Year 2 is closest to:

If a company has a high current ratio but a low acid-test ratio, one can conclude that:

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

Rahner Company has a current ratio of 1.75. This ratio will decrease if Rahner Company:

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

Allen Company's average collection period for accounts receivable was 40 days last year, but increased to 60 days this year. Which of the following would most likely account for this change?

Financial statements for Oram Company appear below: Dividends during Year 2 totaled $161 thousand, of which $10 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $610. -Oram Company's dividend yield ratio on December 31, Year 2 was closest to:

Working capital equals current assets, plus noncurrent liabilities and stockholders' equity, less total assets.

Data from Colinger Corporation's most recent balance sheet appear below: A total of 200,000 shares of common stock and 20,000 shares of preferred stock were outstanding at the end of the year. Required: Compute the book value per share. Show your work!

Mccaughey Corporation's most recent balance sheet and income statement appear below: -The current ratio for CPZ Enterprises is: