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Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years.The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000.Net income for the year was $17,500.Dividends on common stock during the year totaled $4,500.The market price of common stock at the end of the year was $3.76 per share. The company's earnings per share is closest to:


A) $7.37 per share
B) $0.45 per share
C) $0.30 per share
D) $0.19 per share

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

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Earnings per share is computed by multiplying net income by the average number of common shares outstanding.

A) True
B) False

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Freiman Corporation's most recent balance sheet and income statement appear below: Freiman Corporation's most recent balance sheet and income statement appear below: The average sale period for Year 2 is closest to: A) 58.5 days B) 33.4 days C) 217.3 days D) 56.2 days Freiman Corporation's most recent balance sheet and income statement appear below: The average sale period for Year 2 is closest to: A) 58.5 days B) 33.4 days C) 217.3 days D) 56.2 days The average sale period for Year 2 is closest to:


A) 58.5 days
B) 33.4 days
C) 217.3 days
D) 56.2 days

E) All of the above
F) B) and D)

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A company could improve its acid-test ratio by selling some equipment it no longer needs for cash.

A) True
B) False

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Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Net income for Year 2 was $30,400.Dividends on common stock during Year 2 totaled $6,400.The market price of common stock at the end of Year 2 was $3.08 per share. The company's earnings per share for Year 2 is closest to: A) $8.18 per share B) $0.38 per share C) $0.54 per share D) $0.68 per share Net income for Year 2 was $30,400.Dividends on common stock during Year 2 totaled $6,400.The market price of common stock at the end of Year 2 was $3.08 per share. The company's earnings per share for Year 2 is closest to:


A) $8.18 per share
B) $0.38 per share
C) $0.54 per share
D) $0.68 per share

E) All of the above
F) B) and D)

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An increase in the number of shares of common stock outstanding will increase a company's price-earnings ratio if the market price per share remains unchanged.

A) True
B) False

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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!

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Current ratio = Curr...

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Lasch Corporation has provided the following financial data from its balance sheet and income statement: Lasch Corporation has provided the following financial data from its balance sheet and income statement: The company's equity multiplier at the end of Year 2 is closest to: A) 1.60 B) 1.68 C) 0.63 D) 0.60 Lasch Corporation has provided the following financial data from its balance sheet and income statement: The company's equity multiplier at the end of Year 2 is closest to: A) 1.60 B) 1.68 C) 0.63 D) 0.60 The company's equity multiplier at the end of Year 2 is closest to:


A) 1.60
B) 1.68
C) 0.63
D) 0.60

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

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Remley Corporation has provided the following financial data: Remley Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $3,000.The market price of common stock at the end of Year 2 was $2.70 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? Remley Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $3,000.The market price of common stock at the end of Year 2 was $2.70 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? Dividends on common stock during Year 2 totaled $3,000.The market price of common stock at the end of Year 2 was $2.70 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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Dahn Corporation has provided the following financial data: 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 total asset turnover for Year 2 is closest to: A) 10.17 B) 0.10 C) 1.02 D) 0.98 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 total asset turnover for Year 2 is closest to: A) 10.17 B) 0.10 C) 1.02 D) 0.98 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 total asset turnover for Year 2 is closest to:


A) 10.17
B) 0.10
C) 1.02
D) 0.98

E) All of the above
F) None of the above

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Fayer Corporation has provided the following financial data: 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 debt-to-equity ratio at the end of Year 2 is closest to: A) 0.22 B) 0.27 C) 0.45 D) 0.19 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 debt-to-equity ratio at the end of Year 2 is closest to: A) 0.22 B) 0.27 C) 0.45 D) 0.19 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 debt-to-equity ratio at the end of Year 2 is closest to:


A) 0.22
B) 0.27
C) 0.45
D) 0.19

E) C) and D)
F) A) and D)

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Symons Corporation has provided the following financial data: 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 dividend yield ratio for Year 2 is closest to: A) 1.0% B) 18.4% C) 26.3% D) 2.5% 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 dividend yield ratio for Year 2 is closest to: A) 1.0% B) 18.4% C) 26.3% D) 2.5% 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 dividend yield ratio for Year 2 is closest to:


A) 1.0%
B) 18.4%
C) 26.3%
D) 2.5%

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

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Excerpts from Colter Corporation's most recent balance sheet appear below: Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. The inventory turnover for Year 2 is closest to: A) 1.06 B) 0.94 C) 4.36 D) 4.24 Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. The inventory turnover for Year 2 is closest to:


A) 1.06
B) 0.94
C) 4.36
D) 4.24

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

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Dahn Corporation has provided the following financial data: 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 (age of receivables) for Year 2 is closest to: A) 35.7 days B) 1.1 days C) 1.0 days D) 35.2 days 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 (age of receivables) for Year 2 is closest to: A) 35.7 days B) 1.1 days C) 1.0 days D) 35.2 days 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 (age of receivables) for Year 2 is closest to:


A) 35.7 days
B) 1.1 days
C) 1.0 days
D) 35.2 days

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

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Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: The debt-to-equity ratio at the end of Year 2 is closest to: A) 0.38 B) 0.13 C) 0.16 D) 0.43 Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: The debt-to-equity ratio at the end of Year 2 is closest to: A) 0.38 B) 0.13 C) 0.16 D) 0.43 The debt-to-equity ratio at the end of Year 2 is closest to:


A) 0.38
B) 0.13
C) 0.16
D) 0.43

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

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Kearin Corporation has provided the following financial data: 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: A) 71.44% B) 4.72% C) 2.97% D) 1.93% 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: A) 71.44% B) 4.72% C) 2.97% D) 1.93% 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:


A) 71.44%
B) 4.72%
C) 2.97%
D) 1.93%

E) All of the above
F) B) and C)

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Guttery Corporation has provided the following financial data from its balance sheet: 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 total asset turnover for Year 2 is closest to: A) 1.17 B) 11.04 C) 0.09 D) 0.85 Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. The company's total asset turnover for Year 2 is closest to:


A) 1.17
B) 11.04
C) 0.09
D) 0.85

E) All of the above
F) B) and C)

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If a company's operating cycle is much longer than its average payment period for suppliers,it creates the need to borrow money to fund its inventories and accounts receivable.

A) True
B) False

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Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: The company's inventory turnover for Year 2 is closest to: A) 3.89 B) 1.04 C) 3.97 D) 4.05 The company's inventory turnover for Year 2 is closest to:


A) 3.89
B) 1.04
C) 3.97
D) 4.05

E) None of the above
F) All of the above

Correct Answer

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Mormino Corporation's income statement appears below: Mormino Corporation's income statement appears below: The company's gross margin percentage is closest to: A) 1888.9% B) 5.3% C) 41.1% D) 69.9% The company's gross margin percentage is closest to:


A) 1888.9%
B) 5.3%
C) 41.1%
D) 69.9%

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

Correct Answer

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