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Exam 13: Financial Statement Analysis

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Question 121

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Vogelsberg Corporation has provided the following financial data: The company's net operating income in Year 2 was $62,308; its interest expense was $12,000; and its net income was $32,700. Dividends on common stock during Year 2 totaled $2,700. The market price of common stock at the end of Year 2 was $6.37 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 earnings per share for Year 2? e. What is the company's price-earnings ratio for Year 2? f. What is the company's dividend payout ratio for Year 2? g. What is the company's dividend yield ratio for Year 2? h. What is the company's book value per share at the end of Year 2?

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a. Times interest earned = Net operating...

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Question 122

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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?

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a. Net profit margin percentage = Net in...

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Question 123

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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 current ratio at the end of Year 2 is closest to:

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

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 working capital at the end of Year 2 is:

Keyton Corporation's net operating income in Year 2 was $43,714, net income before taxes was $30,714, and the net income was $21,500. Total common stock was $200,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company's total stockholders' equity at the end of Year 2 amounted to $1,148,000 and at the end of Year 1 to $1,130,000. The company declared and paid $3,500 dividends on common stock in Year 2. The market price per share was $8.43 at the end of Year 2. The company's dividend payout ratio for Year 2 is closest to:

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 operating cycle for Year 2 is closest to:

Rubendall Corporation's total current assets are $310,000, its noncurrent assets are $630,000, its total current liabilities are $250,000, its long-term liabilities are $300,000, and its stockholders' equity is $390,000. Required: Compute the company's current ratio. Show your work!

Valdovinos Corporation has provided the following data: $\begin{array} { | l | r | } \hline \text { Sales (all on account) } & \$ 1,150,000 \\\text { Gross margin } & \$ 440,000 \\\hline \text { Net operating income } & \$ 40,077 \\\hline \text { Net income before taxes } & \$ 23,077 \\\hline \text { Net income } & \$ 15,000 \\\hline\end{array}$ The company's net profit margin percentage is closest to:

Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: The company's average collection period (age of receivables) for Year 2 is closest to:

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

Gremel Corporation has provided the following financial data: Required: a. What is the company's working capital? b. What is the company's current ratio? c. What is the company's acid-test (quick) ratio?

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:

Purchasing inventory on credit increases the book value per share of a retailer.

Erastic Corporation has $14,000 in cash, $8,000 in marketable securities, $34,000 in account receivable, $40,000 in inventories, and $42,000 in current liabilities. The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventory. The corporation's acid-test ratio is closest to:

Gnas Corporation's total current assets are $210,000, its noncurrent assets are $590,000, its total current liabilities are $160,000, its long-term liabilities are $490,000, and its stockholders' equity is $150,000. The current ratio is closest to:

Financial statements for Narstad Corporation appear below: Narstad Corporation's times interest earned for Year 2 was closest to:

Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: The company's operating cycle for Year 2 is closest to:

Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. The working capital at the end of Year 2 is:

Babbitt Corporation has provided the following data from its most recent income statement: Required: Compute the times interest earned ratio. Show your work!