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Exam 14: Financial Statement Analysis

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Question 111

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When computing the return on equity, retained earnings should be excluded from the average total stockholders' equity.

A) True
B) False

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Question 112

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The company's earnings per share for Year 2 is closest to:

A) $0.31 per share
B) $0.47 per share
C) $0.79 per share
D) $3.88 per share

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

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Question 113

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Jaquez Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $10,000.The market price of common stock at the end of Year 2 was $5.45 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? 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?

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:

Pribyl 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?

Wegener Corporation's most recent balance sheet and income statement appear below: Required: Compute the following for Year 2: a.Working capital. b.Current ratio. c.Acid-test (quick)ratio. d.Accounts receivable turnover. e.Average collection period. f.Inventory turnover. g.Average sale period.

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 (quick)ratio. e.Accounts receivable turnover. f.Average collection period. g.Inventory turnover. h.Average sale period. i.Times interest earned ratio. j.Debt-to-equity ratio.

Neiger Corporation has provided the following financial data: 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 times interest earned ratio for Year 2? e.What is the company's debt-to-equity ratio at the end of Year 2? f.What is the company's equity multiplier at the end of Year 2?

The working capital at the end of Year 2 is:

Wittels Corporation has provided the following data: In Year 2, the company's net operating income was $42,571, its net income before taxes was $21,571, and its net income was $15,100.The company's equity multiplier is closest to:

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

The company's book value per share at the end of Year 2 is closest to:

The company's average collection period for Year 2 is closest to:

The working capital at the end of Year 2 is:

The company's current ratio is closest to:

The times interest earned ratio of Whitney Corporation is 3.0.The interest expense for the year is $21,000, and the corporation's tax rate is 40%.The corporation's after-tax net income must be:

Sidell Corporation's most recent balance sheet and income statement appear below: Required: Compute the following for Year 2: a.Times interest earned ratio. b.Debt-to-equity ratio.

Rough Corporation's total assets at the end of Year 2 were $1,247,000 and at the end of Year 1 were $1,270,000.The company's total liabilities at the end of Year 2 were $512,000 and at the end of Year 1 were $550,000.The company's total stockholders' equity at the end of Year 2 was $735,000 and at the end of Year 1 was $720,000.The company's equity multiplier is closest to:

The inventory turnover for Year 2 is closest to:

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