Filters
Question type
Study Flashcards

Gehlhausen Corporation has provided the following financial data: Gehlhausen Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,600. The market price of common stock at the end of Year 2 was $5.60 per share.Required:a. What is the company's net profit margin percentage for Year 2?b. What is the company's gross margin percentage for Year 2?c. What is the company's return on total assets for Year 2?d. What is the company's return on equity for Year 2? Dividends on common stock during Year 2 totaled $5,600. The market price of common stock at the end of Year 2 was $5.60 per share.Required:a. What is the company's net profit margin percentage for Year 2?b. What is the company's gross margin percentage for Year 2?c. What is the company's return on total assets for Year 2?d. What is the company's return on equity for Year 2?

Correct Answer

verifed

verified

a.Net profit margin percentage = Net inc...

View Answer

During the year just ended, the retailer James Corporation purchased $430,000 of inventory. The inventory balance at the beginning of the year was $181,000. If the cost of goods sold for the year was $455,000, then the inventory turnover for the year was:


A) 2.70
B) 2.51
C) 2.92
D) 2.55

E) B) and D)
F) All of the above

Correct Answer

verifed

verified

Neef Corporation has provided the following financial data from its balance sheet and income statement: Neef Corporation has provided the following financial data from its balance sheet and income statement: The company's return on equity for Year 2 is closest to: A) 67.25% B) 2.27% C) 1.47% D) 4.19% The company's return on equity for Year 2 is closest to:


A) 67.25%
B) 2.27%
C) 1.47%
D) 4.19%

E) None of the above
F) C) and D)

Correct Answer

verifed

verified

Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.The company's dividend yield ratio is closest to: (Round your intermediate calculations to 2 decimal places.)


A) 1.7%
B) 17.1%
C) 1.3%
D) 26.3%

E) None of the above
F) A) and B)

Correct Answer

verifed

verified

Braverman Corporation's net income last year was $75,000 and its interest expense was $10,000. Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000. The corporation's income tax rate was 30%. The corporation's return on total assets for the year was closest to:


A) 13.5%
B) 12.4%
C) 13.0%
D) 11.9%

E) A) and D)
F) A) and C)

Correct Answer

verifed

verified

Financial statements for Narstad Corporation appear below: Financial statements for Narstad Corporation appear below: Narstad Corporation's debt-to-equity ratio at the end of Year 2 was closest to: A) 0.50 B) 0.36 C) 0.19 D) 0.17 Narstad Corporation's debt-to-equity ratio at the end of Year 2 was closest to:


A) 0.50
B) 0.36
C) 0.19
D) 0.17

E) A) and C)
F) A) and D)

Correct Answer

verifed

verified

Freiman Corporation's most recent balance sheet and income statement appear below: Freiman Corporation's most recent balance sheet and income statement appear below: The inventory turnover for Year 2 is closest to: A) 0.92 B) 6.50 C) 1.08 D) 6.24 The inventory turnover for Year 2 is closest to:


A) 0.92
B) 6.50
C) 1.08
D) 6.24

E) All of the above
F) B) and D)

Correct Answer

verifed

verified

Settles Corporation has provided the following financial data: Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share.The company's return on total assets for Year 2 is closest to: A) 2.75% B) 1.64% C) 1.65% D) 2.76% Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share.The company's return on total assets for Year 2 is closest to:


A) 2.75%
B) 1.64%
C) 1.65%
D) 2.76%

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

The ratio of total cash, marketable securities, and accounts receivable to current liabilities is:


A) the debt-to-equity ratio.
B) the current ratio.
C) the acid-test ratio.
D) working capital.

E) B) and D)
F) None of the above

Correct Answer

verifed

verified

The Seabury Corporation has a current ratio of 3.5 and an acid-test ratio of 2.8. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventories. Inventory equals $49,000. Seabury Corporation's current liabilities must be: (Round your intermediate calculations to 1 decimal place.) Garrison 16e Rechecks 2017-10-04


A) $70,000
B) $100,000
C) $49,000
D) $125,000

E) B) and D)
F) A) and C)

Correct Answer

verifed

verified

Leflore Corporation has provided the following data: Leflore Corporation has provided the following data: Dividends on common stock during Year 2 totaled $6,000. The market price of common stock at the end of Year 2 was $1.38 per share. The company's dividend yield ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.) A) 4.3% B) 1.2% C) 35.0% D) 50.0% Dividends on common stock during Year 2 totaled $6,000. The market price of common stock at the end of Year 2 was $1.38 per share. The company's dividend yield ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)


A) 4.3%
B) 1.2%
C) 35.0%
D) 50.0%

E) A) and B)
F) C) and D)

Correct Answer

verifed

verified

Dahn Corporation has provided the following financial data: Dahn Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $1,600. The market price of common stock at the end of Year 2 was $2.37 per share.The company's average sale period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.) A) 226.5 days B) 60.1 days C) 40.0 days D) 64.4 days Dividends on common stock during Year 2 totaled $1,600. The market price of common stock at the end of Year 2 was $2.37 per share.The company's average sale period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)


A) 226.5 days
B) 60.1 days
C) 40.0 days
D) 64.4 days

E) A) and B)
F) A) and D)

Correct Answer

verifed

verified

Macmillan Corporation has provided the following financial data: Macmillan Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share.The company's working capital at the end of Year 2 is: A) $732,000 B) $831,000 C) $289,000 D) $590,000 Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share.The company's working capital at the end of Year 2 is:


A) $732,000
B) $831,000
C) $289,000
D) $590,000

E) A) and D)
F) All of the above

Correct Answer

verifed

verified

Linzey Corporation has provided the following data: Linzey Corporation has provided the following data: The company's net income in Year 2 was $33,000. The company's book value per share at the end of Year 2 is closest to: A) $22.45 per share B) $12.45 per share C) $0.55 per share D) $15.45 per share The company's net income in Year 2 was $33,000. The company's book value per share at the end of Year 2 is closest to:


A) $22.45 per share
B) $12.45 per share
C) $0.55 per share
D) $15.45 per share

E) A) and D)
F) B) and D)

Correct Answer

verifed

verified

Excerpts from Sydner Corporation's most recent balance sheet appear below: Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.The inventory turnover for Year 2 is closest to: A) 3.75 B) 1.20 C) 4.09 D) 0.83 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.The inventory turnover for Year 2 is closest to:


A) 3.75
B) 1.20
C) 4.09
D) 0.83

E) None of the above
F) All of the above

Correct Answer

verifed

verified

Granger Corporation had $191,000 in sales on account last year. The beginning accounts receivable balance was $22,000 and the ending accounts receivable balance was $32,000. The corporation's average collection period was closest to: (Round your intermediate calculations to 2 decimal places.)


A) 42.0 days
B) 51.6 days
C) 61.2 days
D) 7.1 days

E) B) and C)
F) A) and D)

Correct Answer

verifed

verified

Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1. The company's net profit margin percentage for Year 2 is closest to:


A) 1.9%
B) 2.7%
C) 3.3%
D) 38.1%

E) C) and D)
F) A) and C)

Correct Answer

verifed

verified

Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: The company's inventory turnover for Year 2 is closest to: A) 3.89 B) 1.04 C) 3.97 D) 4.05 The company's inventory turnover for Year 2 is closest to:


A) 3.89
B) 1.04
C) 3.97
D) 4.05

E) None of the above
F) B) and C)

Correct Answer

verifed

verified

Neef Corporation has provided the following financial data from its balance sheet and income statement: Neef Corporation has provided the following financial data from its balance sheet and income statement: The company's gross margin percentage for Year 2 is closest to: A) 59.6% B) 2.5% C) 37.3% D) 4076.9% The company's gross margin percentage for Year 2 is closest to:


A) 59.6%
B) 2.5%
C) 37.3%
D) 4076.9%

E) C) and D)
F) None of the above

Correct Answer

verifed

verified

As the accounts receivable turnover ratio decreases, the average collection period increases.

A) True
B) False

Correct Answer

verifed

verified

Showing 181 - 200 of 327

Related Exams

Exam 1

Managerial Accounting and Cost Concepts

346 Questions

Exam 2

Job-Order Costing: Calculating Unit Product Costs

408 Questions

Exam 3

Job-Order Costing: Cost Flows and External Reporting

314 Questions

Exam 4

Process Costing

365 Questions

Exam 5

Cost-Volume-Profit Relationships

396 Questions

Exam 6

Variable Costing and Segment Reporting: Tools for Management

392 Questions

Exam 7

Activity-Based Costing: a Tool to Aid Decision Making

382 Questions

Exam 8

Master Budgeting

284 Questions

Exam 9

Flexible Budgets and Performance Analysis

491 Questions

Exam 10

Standard Costs and Variances

469 Questions

Exam 11

Responsibility Accounting Systems

335 Questions

Exam 12

Strategic Performance Measurement

153 Questions

Exam 13

Differential Analysis: the Key to Decision Making

432 Questions

Exam 14

Capital Budgeting Decisions

405 Questions

Exam 15

Statement of Cash Flows

221 Questions

Show Answer