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Exam 13: Financial Statement Analysis

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Question 21

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Leflore Corporation has provided the following data: Dividends on common stock during Year 2 totaled $6,000. The market price of common stock at the end of Year 2 was $1.38 per share. The company's dividend yield ratio for Year 2 is closest to:

A) 4.3%
B) 1.2%
C) 35.0%
D) 50.0%

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

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Question 22

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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 inventory turnover for Year 2 is closest to:

A) 5.17
B) 5.56
C) 6.00
D) 0.86

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

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Question 23

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Wyand Corporation's net operating income last year was $212,000; its interest expense was $26,000; its total stockholders' equity was $1,000,000; and its total liabilities were $370,000. Required: Compute the following for Year 2: a. Times interest earned. b. Debt-to-equity ratio.

Symons Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,500. The market price of common stock at the end of Year 2 was $2.01 per share. The company's earnings per share for Year 2 is closest to:

Tweedle Corporation's most recent balance sheet and income statement appear below: The debt-to-equity ratio at the end of Year 2 is closest to:

As the inventory turnover increases, the average sales period decreases.

Data from Dunshee Corporation's most recent balance sheet appear below: 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:

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 times interest earned for Year 2 is closest to:

The gross margin percentage is equal to:

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 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?

Kearin Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share. The company's return on equity for Year 2 is closest to:

Acquiring land by taking out a long-term mortgage will not affect the current ratio.

All other things the same, purchasing inventory would decrease the inventory turnover ratio.

Financial statements for Praeger Corporation appear below: Dividends during Year 2 totaled $45 thousand. The market price of a share of common stock on December 31, Year 2 was $30. Required: Compute the following for Year 2: a. Return on total assets. b. Working capital. c. Current ratio. d. Acid-test ratio. e. Accounts receivable turnover. f. Average collection period. g. Inventory turnover. h. Average sale period. i. Times interest earned. j. Debt-to-equity ratio.

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. The company's accounts receivable turnover for Year 2 is closest to:

Steinkraus Corporation has provided the following data: Required: Compute the accounts receivable turnover for this year. Show your work!

A company's current ratio and an acid-test ratio are both greater than 1. Payment of an account payable would:

Cameron Corporation had 50,000 shares of common stock issued and outstanding that it originally issued for $40 per share. The following information pertains to these shares: The total dividend on common stock for the year was $400,000. Cameron Corporation's dividend yield ratio for the year was:

Natcher Corporation's accounts receivable at the end of Year 2 was $126,000 and its accounts receivable at the end of Year 1 was $130,000. The company's inventory at the end of Year 2 was $127,000 and its inventory at the end of Year 1 was $120,000. Sales, all on account, amounted to $1,380,000 in Year 2. Cost of goods sold amounted to $800,000 in Year 2. The company's operating cycle for Year 2 is closest to:

The ratio of total cash, marketable securities, accounts receivable, and short-term notes to current liabilities is: