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Exam 16: Financial Statement Analysis

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Question 151

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Calin Corporation has total current assets of $639,000, total current liabilities of $248,000, total stockholders' equity of $1,207,000, total plant and equipment (net) of $982,000, total assets of $1,621,000, and total liabilities of $414,000. The company's working capital is:

A) $414,000
B) $343,000
C) $391,000
D) $473,000

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

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Question 152

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All other things the same, when a customer purchases an item for cash, the accounts receivable turnover ratio increases.

A) True
B) False

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Question 153

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Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,415 and the cost of goods sold was $915.The acid-test (quick) ratio at the end of 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 total asset turnover for Year 2 is closest to:

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

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

Neef Corporation has provided the following financial data from its balance sheet and income statement: The company's net profit margin percentage for Year 2 is closest to:

Doonan Corporation has provided the following financial data from its balance sheet and income statement: The market price of common stock at the end of Year 2 was $4.79 per share. The company's earnings per share for Year 2 is closest to:

Kisselburg Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,000. The market price of common stock at the end of Year 2 was $5.75 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?q. What is the company's earnings per share for Year 2?r. What is the company's price-earnings ratio for Year 2?s. What is the company's dividend payout ratio for Year 2?t. What is the company's dividend yield ratio for Year 2?u. What is the company's book value per share at the end of Year 2?

Sapien Corporation has provided the following data for the most recent year: The company's gross margin percentage is closest to:

Mormino Corporation's income statement appears below: The company's gross margin percentage is closest to:

Doonan Corporation has provided the following financial data from its balance sheet and income statement: The market price of common stock at the end of Year 2 was $4.79 per share.The company's return on equity for Year 2 is closest to:

Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share.The company's price-earnings ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

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

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

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:

Feiler Corporation has total current assets of $497,000, total current liabilities of $361,000, total stockholders' equity of $1,071,000, total plant and equipment (net) of $1,045,000, total assets of $1,542,000, and total liabilities of $471,000. The company's current ratio is closest to:

Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share.The company's earnings per share for Year 2 is closest to:

Financial statements for Maraby Corporation appear below: Maraby Corporation's acid-test (quick) ratio at the end of Year 2 was closest to:

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.