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Exam 16: Financial Statement Analysis

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Question 51

Multiple Choice

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Financial statements for Maraby Corporation appear below: Maraby Corporation's working capital (in thousands of dollars) at the end of Year 2 was closest to:

A) $260
B) $620
C) $360
D) $990

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

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Question 52

Multiple Choice

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Burdick Corporation has provided the following financial data from its balance sheet: Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000.The company's equity multiplier at the end of Year 2 is closest to:

A) 0.70
B) 1.43
C) 2.34
D) 0.43

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

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Question 53

Multiple Choice

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Freiman Corporation's most recent balance sheet and income statement appear below: The accounts receivable turnover for Year 2 is closest to:

Remley Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $3,000. The market price of common stock at the end of Year 2 was $2.70 per share.Required:a. What is the company's times interest earned ratio for Year 2?b. What is the company's debt-to-equity ratio at the end of Year 2?c. What is the company's equity multiplier at the end of Year 2?d. What is the company's earnings per share for Year 2?e. What is the company's price-earnings ratio for Year 2?f. What is the company's dividend payout ratio for Year 2?g. What is the company's dividend yield ratio for Year 2?h. What is the company's book value per share at the end of Year 2?

Uhri Corporation has provided the following data: Dividends on common stock during Year 2 totaled $4,000. The market price of common stock at the end of Year 2 was $6.08 per share. The company's dividend payout ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

The times interest earned ratio is based on net income because that is the amount of earnings that is available for making interest payments. Interest expense is deducted before taxes are determined; creditors have first claim on the earnings before taxes are paid.

The formula for total asset turnover is: Total asset turnover = Total assets ÷ Total stockholders' equity.

The market price of Friden Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchanged. The company's price-earnings ratio would:

Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: The company's average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

Data from Estrin Corporation's most recent balance sheet and income statement appear below: The average sale period for this year is closest to: (Round your intermediate calculations to 2 decimal places.)

Nickolls Corporation has provided the following financial data: The company's current ratio is closest to:

The accounts receivable for Note Corporation was $240,000 at the beginning of the year and $260,000 at the end of the year. If the accounts receivable turnover for the year was 8 and 20% of the total sales were cash sales, the total sales for the year were:

Irawaddy Company, a retailer, had cost of goods sold of $423,500 last year. The beginning inventory balance was $37,000 and the ending inventory balance was $40,000. The company's average sale period was closest to:

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.Thecompany's inventory turnover for Year 2 is closest to:

All other things the same, if a company uses long-term debt to purchase land to develop in the future, the company's return on total assets will decrease.

Neiger Corporation has provided the following financial data: Required:a. What is the company's working capital at the end of Year 2?b. What is the company's current ratio at the end of Year 2?c. What is the company's acid-test (quick) ratio at the end of Year 2?d. What is the company's times interest earned ratio for Year 2?e. What is the company's debt-to-equity ratio at the end of Year 2?f. What is the company's equity multiplier at the end of Year 2?

Smay Corporation has provided the following data: The accounts receivable turnover for this year is closest to:

Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720.The current ratio at the end of Year 2 is closest to:

Purchasing inventory on credit increases the book value per share of a retailer.

The gross margin percentage is computed by dividing sales by the gross margin.