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Perrett Corporation has provided the following financial data: Perrett 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? 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 inc...

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Delfavero Corporation has provided the following data: Delfavero Corporation has provided the following data: The company's earnings per share for Year 2 is closest to: A) $10.33 per share B) $0.52 per share C) $0.34 per share D) $0.79 per share The company's earnings per share for Year 2 is closest to:


A) $10.33 per share
B) $0.52 per share
C) $0.34 per share
D) $0.79 per share

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

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Kaloi Corporation has provided the following financial data: Kaloi Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $3,500.The market price of common stock at the end of Year 2 was $7.46 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? Kaloi Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $3,500.The market price of common stock at the end of Year 2 was $7.46 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? Dividends on common stock during Year 2 totaled $3,500.The market price of common stock at the end of Year 2 was $7.46 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?

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a.Working capital = Current assets - Cur...

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

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Accounts receivable turnover =...

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All other things the same,those who hold the company's debt (i.e.,its creditors)would like a low debt-to-equity ratio to provide a buffer of protection.

A) True
B) False

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Nickolls Corporation has provided the following financial data: Nickolls Corporation has provided the following financial data: -The company's acid-test (quick) ratio is closest to: A) 2.47 B) 2.83 C) 3.10 D) 4.25 -The company's acid-test (quick) ratio is closest to:


A) 2.47
B) 2.83
C) 3.10
D) 4.25

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

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Kienle Corporation's Year 2 income statement appears below: 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: A) 2.48% B) 3.14% C) 2.52% D) 3.10% 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:


A) 2.48%
B) 3.14%
C) 2.52%
D) 3.10%

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

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Moselle Corporation has provided the following financial data: Moselle Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,200.The market price of common stock at the end of Year 2 was $9.72 per share. Required: a.What is the company's earnings per share for Year 2? b.What is the company's price-earnings ratio for Year 2? c.What is the company's dividend payout ratio for Year 2? d.What is the company's dividend yield ratio for Year 2? e.What is the company's book value per share at the end of Year 2? Moselle Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,200.The market price of common stock at the end of Year 2 was $9.72 per share. Required: a.What is the company's earnings per share for Year 2? b.What is the company's price-earnings ratio for Year 2? c.What is the company's dividend payout ratio for Year 2? d.What is the company's dividend yield ratio for Year 2? e.What is the company's book value per share at the end of Year 2? Dividends on common stock during Year 2 totaled $4,200.The market price of common stock at the end of Year 2 was $9.72 per share. Required: a.What is the company's earnings per share for Year 2? b.What is the company's price-earnings ratio for Year 2? c.What is the company's dividend payout ratio for Year 2? d.What is the company's dividend yield ratio for Year 2? e.What is the company's book value per share at the end of Year 2?

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a.Earnings per share = Net Income ÷ Aver...

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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:


A) 6.0
B) 5.0
C) 4.5
D) 3.5

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

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Mars Corporation has provided the following data for Year 2: Sales $1,330,000Gross margin. $500,000Net operating income. $79,692Net income before taxes $63,692Net income. $41,400\begin{array}{lr}\text {Sales }&\$1,330,000\\\text {Gross margin. }&\$500,000\\\text {Net operating income. }&\$79,692\\\text {Net income before taxes }&\$63,692\\\text {Net income. }&\$41,400\\\end{array} The company's total stockholders' equity at the end of Year 2 amounted to $1,095,000 and at the end of Year 1 to $1,060,000.The company's return on equity for Year 2 is closest to:


A) 5.91%
B) 7.40%
C) 3.84%
D) 71.20%

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

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Braverman Corporation's net income last year was $75,000 and its interest expense was $10,000.Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000.The corporation's income tax rate was 30%.The corporation's return on total assets for the year was closest to:


A) 13.5%
B) 12.4%
C) 13.0%
D) 11.9%

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

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Mahoe Corporation has provided the following financial data: 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) 0.28 B) 1.28 C) 3.53 D) 0.78 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) 0.28 B) 1.28 C) 3.53 D) 0.78 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) 0.28
B) 1.28
C) 3.53
D) 0.78

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

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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 times interest earned ratio for Year 2 is closest to: A) 7.71 B) 2.61 C) 5.01 D) 4.01 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 times interest earned ratio for Year 2 is closest to: A) 7.71 B) 2.61 C) 5.01 D) 4.01 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 times interest earned ratio for Year 2 is closest to:


A) 7.71
B) 2.61
C) 5.01
D) 4.01

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

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Financial statements for Rardin Corporation appear below: 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. 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. 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.

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a.Current ratio = Current assets ÷ Curre...

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Laverde Corporation has provided the following data:  year 2Year 1  Inventory ................ $185,000$200,000 Total assets............ $1,489,000$1,470,000 Sales. $1,220,000\begin{array}{lrr}& \text { year 2}& \text {Year 1 }\\\text { Inventory ................ } & \$ 185,000 & \$ 200,000 \\\text { Total assets............ } & \$ 1,489,000 & \$ 1,470,000 \\\text { Sales. }&\$1,220,000\end{array} The company's total asset turnover for Year 2 is closest to:


A) 1.22
B) 7.60
C) 0.13
D) 0.82

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

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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 inventory turnover for Year 2 is closest to: A) 6.54 B) 5.67 C) 6.07 D) 0.87 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 inventory turnover for Year 2 is closest to: A) 6.54 B) 5.67 C) 6.07 D) 0.87 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 inventory turnover for Year 2 is closest to:


A) 6.54
B) 5.67
C) 6.07
D) 0.87

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

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Nickolls Corporation has provided the following financial data: Nickolls Corporation has provided the following financial data: -The company's working capital is: A) $1,215,000 B) $542,000 C) $793,000 D) $709,000 -The company's working capital is:


A) $1,215,000
B) $542,000
C) $793,000
D) $709,000

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

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Financial statements for Maraby Corporation appear below: Financial statements for Maraby Corporation appear below: -Maraby Corporation's average collection period for Year 2 was closest to: A) 38.6 days B) 46.6 days C) 32.6 days D) 27.0 days Financial statements for Maraby Corporation appear below: -Maraby Corporation's average collection period for Year 2 was closest to: A) 38.6 days B) 46.6 days C) 32.6 days D) 27.0 days -Maraby Corporation's average collection period for Year 2 was closest to:


A) 38.6 days
B) 46.6 days
C) 32.6 days
D) 27.0 days

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

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Financial statements for Maraby Corporation appear below: Financial statements for Maraby Corporation appear below: -Maraby Corporation's accounts receivable turnover for Year 2 was closest to: A) 13.5 B) 7.8 C) 11.2 D) 9.4 Financial statements for Maraby Corporation appear below: -Maraby Corporation's accounts receivable turnover for Year 2 was closest to: A) 13.5 B) 7.8 C) 11.2 D) 9.4 -Maraby Corporation's accounts receivable turnover for Year 2 was closest to:


A) 13.5
B) 7.8
C) 11.2
D) 9.4

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

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


A) Market price per common share usually approximates book value per common share.
B) Book value per common share is based on past transactions whereas the market price of a share of stock mainly reflects what investors expect to happen in the future.
C) A market price per common share that is greater than book value per common share is an indication of an overvalued stock.
D) Book value per common share is the amount that would be paid to stockholders if the company were sold to another company.

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

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