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Exam 15: Financial Statement Analysis

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Question 111

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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 inventory turnover for Year 2 is closest to:

A) 6.54
B) 5.67
C) 6.07
D) 0.87

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

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Question 112

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Kaloi Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $3,500.The market price of common stock at the end of Year 2 was $7.46 per share. Required: a.What is the company's working capital at the end of Year 2? b.What is the company's current ratio at the end of Year 2? c.What is the company's acid-test (quick)ratio at the end of Year 2? d.What is the company's accounts receivable turnover for Year 2? e.What is the company's average collection period for Year 2? f.What is the company's inventory turnover for Year 2? g.What is the company's average sale period for Year 2? h.What is the company's operating cycle for Year 2? i.What is the company's total asset turnover for Year 2? j.What is the company's times interest earned ratio for Year 2? k.What is the company's debt-to-equity ratio at the end of Year 2? l.What is the company's equity multiplier at the end of Year 2? m.What is the company's net profit margin percentage for Year 2? n.What is the company's gross margin percentage for Year 2? o.What is the company's return on total assets for Year 2? p.What is the company's return on equity for Year 2?

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

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Question 113

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Mars Corporation has provided the following data for Year 2: $\begin{array}{lr}\text {Sales }&\$1,330,000\\\text {Gross margin. }&\$500,000\\\text {Net operating income. }&\$79,692\\\text {Net income before taxes }&\$63,692\\\text {Net income. }&\$41,400\\\end{array}$ 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:

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 ratio for Year 2 is closest to:

Perrett Corporation has provided the following financial data: 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?

Mahoe Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share. -The company's equity multiplier at the end of Year 2 is closest to:

Nickolls Corporation has provided the following financial data: -The company's working capital is:

Neelty Corporation has interest expense of $16,000,sales of $600,000,a tax rate of 30%,and after-tax net income of $56,000.The company's times interest earned ratio is closest to:

Financial statements for Maraby Corporation appear below: -Maraby Corporation's accounts receivable turnover for Year 2 was closest to:

Which one of the following statements about book value per share is most correct?

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

Braverman Corporation's net income last year was $75,000 and its interest expense was $10,000.Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000.The corporation's income tax rate was 30%.The corporation's return on total assets for the year was closest to:

Moselle Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,200.The market price of common stock at the end of Year 2 was $9.72 per share. Required: a.What is the company's earnings per share for Year 2? b.What is the company's price-earnings ratio for Year 2? c.What is the company's dividend payout ratio for Year 2? d.What is the company's dividend yield ratio for Year 2? e.What is the company's book value per share at the end of Year 2?

Financial statements for Rardin Corporation appear below: Required: Compute the following for Year 2: a.Current ratio. b.Acid-test (quick)ratio. c.Average collection period. d.Inventory turnover. e.Times interest earned ratio. f.Debt-to-equity ratio.

Kienle Corporation's Year 2 income statement appears below: The company's total assets at the end of Year 2 amounted to $1,359,000 and at the end of Year 1 to $1,320,000.The company's return on total assets for Year 2 is closest to:

All other things the same,those who hold the company's debt (i.e.,its creditors)would like a low debt-to-equity ratio to provide a buffer of protection.

Financial statements for Maraby Corporation appear below: -Maraby Corporation's average collection period for Year 2 was closest to:

Nickolls Corporation has provided the following financial data: -The company's acid-test (quick) ratio is closest to:

Delfavero Corporation has provided the following data: The company's earnings per share for Year 2 is closest to:

Laverde Corporation has provided the following data: $\begin{array}{lrr}& \text { year 2}& \text {Year 1 }\\\text { Inventory ................ } & \$ 185,000 & \$ 200,000 \\\text { Total assets............ } & \$ 1,489,000 & \$ 1,470,000 \\\text { Sales. }&\$1,220,000\end{array}$ The company's total asset turnover for Year 2 is closest to: