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Financial statements for Maraby Corporation appear below: Financial statements for Maraby Corporation appear below: -Maraby Corporation's inventory turnover for Year 2 was closest to: A) 11.2 B) 7.8 C) 9.4 D) 13.5 Financial statements for Maraby Corporation appear below: -Maraby Corporation's inventory turnover for Year 2 was closest to: A) 11.2 B) 7.8 C) 9.4 D) 13.5 -Maraby Corporation's inventory turnover for Year 2 was closest to:


A) 11.2
B) 7.8
C) 9.4
D) 13.5

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

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Doonan Corporation has provided the following financial data from its balance sheet and income statement: Doonan Corporation has provided the following financial data from its balance sheet and income statement: The market price of common stock at the end of Year 2 was $4.79 per share. -The company's return on total assets for Year 2 is closest to: A) 1.77% B) 2.46% C) 1.80% D) 2.42% The market price of common stock at the end of Year 2 was $4.79 per share. -The company's return on total assets for Year 2 is closest to:


A) 1.77%
B) 2.46%
C) 1.80%
D) 2.42%

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

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Grosvenor Corporation's most recent income statement appears below: Grosvenor Corporation's most recent income statement appears below: The gross margin percentage is closest to: A) 80.9% B) 44.7% C) 376.0% D) 26.6% The gross margin percentage is closest to:


A) 80.9%
B) 44.7%
C) 376.0%
D) 26.6%

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

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Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: -The debt-to-equity ratio at the end of Year 2 is closest to: A) 0.38 B) 0.13 C) 0.16 D) 0.43 Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: -The debt-to-equity ratio at the end of Year 2 is closest to: A) 0.38 B) 0.13 C) 0.16 D) 0.43 -The debt-to-equity ratio at the end of Year 2 is closest to:


A) 0.38
B) 0.13
C) 0.16
D) 0.43

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

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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) B) and D)

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Guttery Corporation has provided the following financial data from its balance sheet: Guttery Corporation has provided the following financial data from its balance sheet: Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. -The company's total asset turnover for Year 2 is closest to: A) 1.17 B) 11.04 C) 0.09 D) 0.85 Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. -The company's total asset turnover for Year 2 is closest to:


A) 1.17
B) 11.04
C) 0.09
D) 0.85

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

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Goldsmith Corporation has provided the following data: Goldsmith Corporation has provided the following data: The company's net income in Year 2 was $24,400.The company's book value per share at the end of Year 2 is closest to: A) $8.32 per share B) $4.66 per share C) $14.34 per share D) $0.27 per share The company's net income in Year 2 was $24,400.The company's book value per share at the end of Year 2 is closest to:


A) $8.32 per share
B) $4.66 per share
C) $14.34 per share
D) $0.27 per share

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

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Pascarelli Corporation's inventory at the end of Year 2 was $122,000 and its inventory at the end of Year 1 was $150,000.Cost of goods sold amounted to $870,000 in Year 2.The company's average sale period for Year 2 is closest to:


A) 230.1 days
B) 51.2 days
C) 57.0 days
D) 32.3 days

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

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Kisselburg Corporation has provided the following financial data: Kisselburg Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,000.The market price of common stock at the end of Year 2 was $5.75 per share. 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 accounts receivable turnover for Year 2? e.What is the company's average collection period for Year 2? f.What is the company's inventory turnover for Year 2? g.What is the company's average sale period for Year 2? h.What is the company's operating cycle for Year 2? i.What is the company's total asset turnover for Year 2? j.What is the company's times interest earned ratio for Year 2? k.What is the company's debt-to-equity ratio at the end of Year 2? l.What is the company's equity multiplier at the end of Year 2? m.What is the company's net profit margin percentage for Year 2? n.What is the company's gross margin percentage for Year 2? o.What is the company's return on total assets for Year 2? p.What is the company's return on equity for Year 2? q.What is the company's earnings per share for Year 2? r.What is the company's price-earnings ratio for Year 2? s.What is the company's dividend payout ratio for Year 2? t.What is the company's dividend yield ratio for Year 2? u.What is the company's book value per share at the end of Year 2? Kisselburg Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,000.The market price of common stock at the end of Year 2 was $5.75 per share. 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 accounts receivable turnover for Year 2? e.What is the company's average collection period for Year 2? f.What is the company's inventory turnover for Year 2? g.What is the company's average sale period for Year 2? h.What is the company's operating cycle for Year 2? i.What is the company's total asset turnover for Year 2? j.What is the company's times interest earned ratio for Year 2? k.What is the company's debt-to-equity ratio at the end of Year 2? l.What is the company's equity multiplier at the end of Year 2? m.What is the company's net profit margin percentage for Year 2? n.What is the company's gross margin percentage for Year 2? o.What is the company's return on total assets for Year 2? p.What is the company's return on equity for Year 2? q.What is the company's earnings per share for Year 2? r.What is the company's price-earnings ratio for Year 2? s.What is the company's dividend payout ratio for Year 2? t.What is the company's dividend yield ratio for Year 2? u.What is the company's book value per share at the end of Year 2? Dividends on common stock during Year 2 totaled $4,000.The market price of common stock at the end of Year 2 was $5.75 per share. 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 accounts receivable turnover for Year 2? e.What is the company's average collection period for Year 2? f.What is the company's inventory turnover for Year 2? g.What is the company's average sale period for Year 2? h.What is the company's operating cycle for Year 2? i.What is the company's total asset turnover for Year 2? j.What is the company's times interest earned ratio for Year 2? k.What is the company's debt-to-equity ratio at the end of Year 2? l.What is the company's equity multiplier at the end of Year 2? m.What is the company's net profit margin percentage for Year 2? n.What is the company's gross margin percentage for Year 2? o.What is the company's return on total assets for Year 2? p.What is the company's return on equity for Year 2? q.What is the company's earnings per share for Year 2? r.What is the company's price-earnings ratio for Year 2? s.What is the company's dividend payout ratio for Year 2? t.What is the company's dividend yield ratio for Year 2? u.What is the company's book value per share at the end of Year 2?

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a.Working capital = Current assets - Cur...

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Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: -The times interest earned ratio for Year 2 is closest to: A) 2.22 B) 4.17 C) 3.17 D) 5.95 Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: -The times interest earned ratio for Year 2 is closest to: A) 2.22 B) 4.17 C) 3.17 D) 5.95 -The times interest earned ratio for Year 2 is closest to:


A) 2.22
B) 4.17
C) 3.17
D) 5.95

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

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Data from Dunshee Corporation's most recent balance sheet appear below:  Year 2  Year 1  Current assets:  Cash$130$100 Accounts receivable, net.270290Inventory 90110Prepaid expenses 1010 Total current assets. $500$510 Total current liabilities $230$220\begin{array}{lrr}&\text { Year 2 } & \text { Year 1 } \\\text { Current assets: }\\\text { Cash}&\$ 130 & \$ 100 \\\text { Accounts receivable, net.}&270 & 290 \\\text {Inventory }&90 & 110 \\\text {Prepaid expenses }&10 & 10\\\text { Total current assets. }&\$500&\$510\\\text { Total current liabilities }&\$230&\$220\end{array} Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. -The average sale period for Year 2 is closest to:


A) 28.1 days
B) 45.0 days
C) 50.0 days
D) 227.7 days

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

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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 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)

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Financial statements for Maraby Corporation appear below: 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 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 -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) B) and C)
F) A) and D)

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Wowk Corporation has provided the following financial data: Wowk Corporation has provided the following financial data: Required: a.What is the company's working capital? b.What is the company's current ratio? c.What is the company's acid-test (quick)ratio? Required: a.What is the company's working capital? b.What is the company's current ratio? c.What is the company's acid-test (quick)ratio?

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a.Working capital = Current assets - Cur...

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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.

A) True
B) False

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Rubendall Corporation's total current assets are $310,000,its noncurrent assets are $630,000,its total current liabilities are $250,000,its long-term liabilities are $300,000,and its stockholders' equity is $390,000. Required: Compute the company's current ratio.Show your work!

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Current ratio = Curr...

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Mayfield Corporation has provided the following financial data: Mayfield Corporation has provided the following financial data: -The company's working capital is: A) $671,000 B) $665,000 C) $418,000 D) $983,000 -The company's working capital is:


A) $671,000
B) $665,000
C) $418,000
D) $983,000

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

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Data from Estrin Corporation's most recent balance sheet and income statement appear below:  This Year Last Year  Accounts receivable ........ $109,000$106,000 Inventory .................... $139,000$158,000 Sales on account ........... $787,000 Cost of goods sold.......... $501,000\begin{array}{lll}&\text { This Year}&\text { Last Year }\\\text { Accounts receivable ........ } & \$ 109,000 & \$ 106,000 \\\text { Inventory .................... } & \$ 139,000 & \$ 158,000 \\\text { Sales on account ........... } & \$ 787,000 & \\\text { Cost of goods sold.......... } & \$ 501,000 &\end{array} The average sale period for this year is closest to:


A) 101 days
B) 50 days
C) 108 days
D) 45 days

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

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Granger Corporation had $180,000 in sales on account last year.The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000.The corporation's average collection period was closest to:


A) 20.3 days
B) 28.4 days
C) 36.5 days
D) 56.8 days

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

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Data from Dunshee Corporation's most recent balance sheet appear below:  Year 2  Year 1  Current assets:  Cash$130$100 Accounts receivable, net.270290Inventory 90110Prepaid expenses 1010 Total current assets. $500$510 Total current liabilities $230$220\begin{array}{lrr}&\text { Year 2 } & \text { Year 1 } \\\text { Current assets: }\\\text { Cash}&\$ 130 & \$ 100 \\\text { Accounts receivable, net.}&270 & 290 \\\text {Inventory }&90 & 110 \\\text {Prepaid expenses }&10 & 10\\\text { Total current assets. }&\$500&\$510\\\text { Total current liabilities }&\$230&\$220\end{array} Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. -The working capital at the end of Year 2 is:


A) $270
B) $500
C) $770
D) $740

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

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