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Exam 13: Financial Statement Analysis

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Question 151

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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) A) and C)

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Question 152

Multiple Choice

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Fongeallaz Corporation's income statement for Year 2 appears below: The company's total stockholders' equity at the end of Year 2 amounted to $841,000 and at the end of Year 1 to $810,000. The company's return on equity for Year 2 is closest to:

A) 64.40%
B) 8.93%
C) 6.75%
D) 4.72%

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

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Question 153

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Fayer Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. The company's equity multiplier at the end of Year 2 is closest to:

Straton Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,100. The market price of common stock at the end of Year 2 was $5.56 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? e. What is the company's earnings per share for Year 2? f. What is the company's price-earnings ratio for Year 2? g. What is the company's dividend payout ratio for Year 2? h. What is the company's dividend yield ratio for Year 2? i. What is the company's book value per share at the end of Year 2?

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 total asset turnover for Year 2 is closest to:

All other things the same, when a company increases its inventories in anticipation of later higher sales, the accounts receivable turnover ratio for the current period increases.

Last year Javer Corporation had a net income of $200,000, income tax expense of $74,000, and interest expense of $20,000. The corporation's times interest earned was closest to:

Spincic Corporation has provided the following data: The market price of common stock at the end of Year 2 was $4.13 per share. The company's price-earnings ratio for Year 2 is closest to:

Medina Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,000. The market price of common stock at the end of Year 2 was $1.49 per share. Required: a. What is the company's times interest earned 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? h. What is the company's earnings per share for Year 2? i. What is the company's price-earnings ratio for Year 2? j. What is the company's dividend payout ratio for Year 2? k. What is the company's dividend yield ratio for Year 2? l. What is the company's book value per share at the end of Year 2?