Filters
Question type
Study Flashcards

Remley Corporation has provided the following financial data: 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? 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? 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?

Correct Answer

verifed

verified

a.Times interest earned = Earnings befor...

View Answer

The company's total asset turnover for Year 2 is closest to:


A) 10.17
B) 0.10
C) 1.02
D) 0.98

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

Correct Answer

verifed

verified

Gremel Corporation has provided the following financial data: Gremel 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?

Correct Answer

verifed

verified

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

View Answer

Which of the following is not a source of financial leverage?


A) Bonds payable.
B) Accounts payable.
C) Taxes payable.
D) Prepaid rent.

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

Correct Answer

verifed

verified

A company whose inventory turnover ratio is much slower than the average for its industry may have too much inventory or the wrong sorts of inventory.

A) True
B) False

Correct Answer

verifed

verified

Tempel Corporation has provided the following data: Tempel Corporation has provided the following data: The market price of common stock at the end of Year 2 was $2.77 per share.The company's price-earnings ratio for Year 2 is closest to: A) 9.23 B) 0.35 C) 4.54 D) 13.40 The market price of common stock at the end of Year 2 was $2.77 per share.The company's price-earnings ratio for Year 2 is closest to:


A) 9.23
B) 0.35
C) 4.54
D) 13.40

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

Correct Answer

verifed

verified

A high price-earnings ratio means that investors are willing to pay a premium for the company's stock.

A) True
B) False

Correct Answer

verifed

verified

If the acid-test ratio is less than one, then paying off some current liabilities with cash will increase the acid-test (quick)ratio.

A) True
B) False

Correct Answer

verifed

verified

Degollado Corporation's most recent income statement appears below: Degollado Corporation's most recent income statement appears below: The beginning balance of total assets was $200,000 and the ending balance was $220,000. Required: Compute the return on total assets.Show your work! The beginning balance of total assets was $200,000 and the ending balance was $220,000. Required: Compute the return on total assets.Show your work!

Correct Answer

verifed

verified

Average total assets = ($200,000 + $220,...

View Answer

Lindboe Corporation has provided the following financial data: Lindboe Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,800.The market price of common stock at the end of Year 2 was $5.46 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 net profit margin percentage for Year 2? e.What is the company's gross margin percentage for Year 2? f.What is the company's return on total assets for Year 2? g.What is the company's return on equity for Year 2? Lindboe Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,800.The market price of common stock at the end of Year 2 was $5.46 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 net profit margin percentage for Year 2? e.What is the company's gross margin percentage for Year 2? f.What is the company's return on total assets for Year 2? g.What is the company's return on equity for Year 2? Dividends on common stock during Year 2 totaled $4,800.The market price of common stock at the end of Year 2 was $5.46 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 net profit margin percentage for Year 2? e.What is the company's gross margin percentage for Year 2? f.What is the company's return on total assets for Year 2? g.What is the company's return on equity for Year 2?

Correct Answer

verifed

verified

a.Times interest earned = Earnings befor...

View Answer

The company's return on equity for Year 2 is closest to:


A) 3.31%
B) 8.50%
C) 5.09%
D) 50.52%

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

Correct Answer

verifed

verified

Mars Corporation has provided the following data for Year 2: Mars Corporation has provided the following data for Year 2: The company's total stockholders' equity at the end of Year 2 amounted to $1,095,000 and at the end of Year 1 to $1,060,000.The company's return on equity for Year 2 is closest to: A) 5.91% B) 7.40% C) 3.84% D) 71.20% The company's total stockholders' equity at the end of Year 2 amounted to $1,095,000 and at the end of Year 1 to $1,060,000.The company's return on equity for Year 2 is closest to:


A) 5.91%
B) 7.40%
C) 3.84%
D) 71.20%

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

Correct Answer

verifed

verified

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

A) True
B) False

Correct Answer

verifed

verified

The company's acid-test (quick) ratio is closest to:


A) 2.47
B) 2.83
C) 3.10
D) 4.25

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

Correct Answer

verifed

verified

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 B)
F) None of the above

Correct Answer

verifed

verified

The company's return on total assets for Year 2 is closest to:


A) 0.99%
B) 1.00%
C) 1.85%
D) 1.83%

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

Correct Answer

verifed

verified

Cutsinger Corporation has provided the following data from its most recent income statement: Cutsinger Corporation has provided the following data from its most recent income statement: The times interest earned ratio is closest to: A) 1.83 B) 0.28 C) 1.28 D) 0.19 The times interest earned ratio is closest to:


A) 1.83
B) 0.28
C) 1.28
D) 0.19

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

Correct Answer

verifed

verified

The company's return on equity for Year 2 is closest to:


A) 3.02%
B) 3.77%
C) 2.11%
D) 79.14%

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

Correct Answer

verifed

verified

The company's acid-test (quick) ratio at the end of Year 2 is closest to:


A) 1.96
B) 1.41
C) 1.20
D) 1.48

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

Correct Answer

verifed

verified

Smay Corporation has provided the following data: Smay Corporation has provided the following data: The accounts receivable turnover for this year is closest to: A) 1.01 B) 0.99 C) 6.08 D) 6.11 The accounts receivable turnover for this year is closest to:


A) 1.01
B) 0.99
C) 6.08
D) 6.11

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

Correct Answer

verifed

verified

Showing 41 - 60 of 289

Related Exams

Exam 1

Managerial Accounting and Cost Concepts

299 Questions

Exam 2

Job-Order Costing: Calculating Unit Product Costs

292 Questions

Exam 3

Job-Order Costing: Cost Flows and External Reporting

256 Questions

Exam 4

Activity-Based Costing

230 Questions

Exam 5

Process Costing6 Cost-Volume-Profit Relationships

139 Questions

Exam 6

Cost-Volume-Profit Relationships

260 Questions

Exam 7

Variable Costing and Segment Reporting: Tools for Management

291 Questions

Exam 8

Master Budgeting

236 Questions

Exam 10

Performance Measurement in Decentralized Organizations

180 Questions

Exam 11

Differential Analysis: The Key to Decision Making

203 Questions

Exam 12

Capital Budgeting Decisions

179 Questions

Exam 9

Flexible Budgets Standard Costs and Variance Analysis

461 Questions

Exam 13

Statement of Cash Flows

132 Questions

Exam 15

Job-Order Costing: Cost Flows and External Reporting

28 Questions

Exam 16

Process Costing6 Cost-Volume-Profit Relationships

100 Questions

Exam 17

Cost-Volume-Profit Relationships

82 Questions

Exam 18

Flexible Budgets, Standard Costs, and Variance Analysis

177 Questions

Exam 19

Flexible Budgets, Standard Costs, and Variance Analysis

140 Questions

Exam 20

A Capital Budgeting Decisions

16 Questions

Exam 21

A Statement of Cash Flows

56 Questions

Show Answer