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Exam 16: Financial Statement Analysis

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Question 111

Multiple Choice

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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: (Round your intermediate calculations to 2 decimal places.)

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

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

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Question 112

Multiple Choice

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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 working capital at the end of Year 2 is:

A) $600
B) $1,000
C) $880
D) $240

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

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Question 113

Multiple Choice

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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 average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

The price-earnings ratio is determined by dividing market price per share of stock by the earnings per share.

McRae Corporation's total current assets are $380,000, its noncurrent assets are $500,000, its total current liabilities are $340,000, its long-term liabilities are $250,000, and its stockholders' equity is $290,000. Working capital is:

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 ratio. b. Debt-to-equity ratio.

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

Financial statements for Maraby Corporation appear below: Maraby Corporation's current ratio at the end of Year 2 was closest to:

Younis Corporation's income statement appears below: The company's net profit margin percentage is closest to:

Kopas Corporation has provided the following data: The inventory turnover for this year is closest to:

Spomer Corporation's inventory at the end of Year 2 was $114,000 and its inventory at the end of Year 1 was $120,000. Cost of goods sold amounted to $710,000 in Year 2. The company's inventory turnover for Year 2 is closest to:

Financial statements for Maraby Corporation appear below: Maraby Corporation's average sale period for Year 2 was closest to: (Round your intermediate calculations to 1 decimal place.)

Lasch Corporation has provided the following financial data from its balance sheet and income statement: The company's debt-to-equity ratio at the end of Year 2 is closest to:

Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,635 and the cost of goods sold was $975.The acid-test (quick) ratio at the end of Year 2 is closest to:

Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,515 and the cost of goods sold was $975.The current ratio at the end of Year 2 is closest to:

Rawe Corporation's accounts receivable at the end of Year 2 was $329,000 and its accounts receivable at the end of Year 1 was $280,000. Sales, all on account, amounted to $1,350,000 in Year 2. The company's average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

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?

Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.

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.

Valdovinos Corporation has provided the following data: The company's net profit margin percentage is closest to: