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Exam 16: Financial Statement Analysis

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Question 81

Multiple Choice

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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 book value per share at the end of Year 2 is closest to:

A) $17.94 per share
B) $28.26 per share
C) $0.19 per share
D) $11.54 per share

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

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Question 82

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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 gross margin percentage for Year 2 is closest to:

A) 62.5%
B) 4.2%
C) 38.5%
D) 2381.0%

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

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Question 83

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Fraction Corporation has provided the following financial data: 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?

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:

A portion of Lapore Corporation's Balance Sheet appears below: The company's debt-to-equity ratio at the end of 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 average sale period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

When a company sells used equipment for a loss, the net profit margin percentage is unaffected.

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

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 payout ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

The dividend payout ratio is equal to the dividend per share divided by the earnings per share.

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:

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.

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:

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 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 thecompany's earnings per share for Year 2?e. What is the company's price-earnings ratio for Year 2?f. What is thecompany's dividend payout ratio for Year 2?g. What is thecompany's dividend yield ratio for Year 2?h. What is the company's book value per share at the end of Year 2?

For Year 2, Etzkorn Corporation's sales were $1,480,000, its gross margin was $580,000, its net operating income was $63,714, its net income before taxes was $42,714, and its net income was $29,900. The company's total stockholders' equity at the end of Year 2 amounted to $829,000 and at the end of Year 1 to $800,000. The company's return on equity for Year 2 is closest to:

Freiman Corporation's most recent balance sheet and income statement appear below: The inventory turnover for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

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, if long-term debt is exchanged for short-term debt, the debt-to-equity ratio will be unchanged.

Financial statements for Maraby Corporation appear below: Maraby Corporation's average collection period for Year 2 was closest to: (Round your intermediate calculations to 1 decimal place.)

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 acid-test (quick) ratio at the end of Year 2 is closest to: