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Jester Corporation's most recent income statement appears below: Jester Corporation's most recent income statement appears below: The beginning balance of total assets was $360,000 and the ending balance was $320,000.The return on total assets is closest to: A) 26.5% B) 18.5% C) 22.6% D) 32.4% The beginning balance of total assets was $360,000 and the ending balance was $320,000.The return on total assets is closest to:


A) 26.5%
B) 18.5%
C) 22.6%
D) 32.4%

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

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Broch Corporation's income statement appears below: Broch Corporation's income statement appears below: The company's times interest earned ratio is closest to: A) 4.87 B) 1.41 C) 3.16 D) 2.16 The company's times interest earned ratio is closest to:


A) 4.87
B) 1.41
C) 3.16
D) 2.16

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

Correct Answer

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Hyrkas Corporation's most recent balance sheet and income statement appear below: Hyrkas Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $30 thousand.The market price of common stock at the end of Year 2 was $6.90 per share. Required: Compute the following for Year 2: a.Gross margin percentage. b.Earnings per share. c.Price-earnings ratio. d.Dividend payout ratio. e.Dividend yield ratio. f.Return on total assets. g.Return on equity. h.Book value per share. i.Working capital. j.Current ratio. k.Acid-test (quick)ratio. l.Accounts receivable turnover. m.Average collection period. n.Inventory turnover. o.Average sale period. p.Times interest earned ratio. q.Debt-to-equity ratio. Hyrkas Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $30 thousand.The market price of common stock at the end of Year 2 was $6.90 per share. Required: Compute the following for Year 2: a.Gross margin percentage. b.Earnings per share. c.Price-earnings ratio. d.Dividend payout ratio. e.Dividend yield ratio. f.Return on total assets. g.Return on equity. h.Book value per share. i.Working capital. j.Current ratio. k.Acid-test (quick)ratio. l.Accounts receivable turnover. m.Average collection period. n.Inventory turnover. o.Average sale period. p.Times interest earned ratio. q.Debt-to-equity ratio. Dividends on common stock during Year 2 totaled $30 thousand.The market price of common stock at the end of Year 2 was $6.90 per share. Required: Compute the following for Year 2: a.Gross margin percentage. b.Earnings per share. c.Price-earnings ratio. d.Dividend payout ratio. e.Dividend yield ratio. f.Return on total assets. g.Return on equity. h.Book value per share. i.Working capital. j.Current ratio. k.Acid-test (quick)ratio. l.Accounts receivable turnover. m.Average collection period. n.Inventory turnover. o.Average sale period. p.Times interest earned ratio. q.Debt-to-equity ratio.

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a.Gross margin percentage = Gross margin...

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The company's times interest earned ratio for Year 2 is closest to:


A) 1.43
B) 3.47
C) 2.43
D) 1.00

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

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The company's times interest earned ratio for Year 2 is closest to:


A) 7.71
B) 2.61
C) 5.01
D) 4.01

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

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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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To increase total asset turnover, management must either increase sales or reduce total stockholders' equity.

A) True
B) False

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Klein Corporation has provided the following data: Klein Corporation has provided the following data: The company's equity multiplier is closest to: A) 1.24 B) 0.56 C) 1.80 D) 0.81 The company's equity multiplier is closest to:


A) 1.24
B) 0.56
C) 1.80
D) 0.81

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

Correct Answer

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The gross margin percentage is equal to:


A) (Net operating income + Selling and administrative expenses) /Sales
B) Net operating income/Sales
C) Cost of goods sold/Sales
D) Cost of goods sold/Net income

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

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