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Exam 14: Financial Statement Analysis

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Question 91

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Wyand Corporation's net operating income last year was $212,000; its interest expense was $26,000; its total stockholders' equity was $1,000,000; and its total liabilities were $370,000. Required: Compute the following for Year 2: a.Times interest earned ratio. b.Debt-to-equity ratio.

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a.Times interest earned = Earnings befor...

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Question 92

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Jepson Corporation's most recent income statement appears below: Required: Compute the gross margin percentage.

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Gross margin percent...

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Question 93

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The ratio of total cash, marketable securities, accounts receivable, and short-term notes to current liabilities is:

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

The company's inventory turnover for Year 2 is closest to:

If current assets exceed current liabilities, prepaying an expense on the last day of the year will:

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

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:

Data from Dalpiaz Corporation's most recent balance sheet and income statement appear below: Required: Compute the average collection period for this year:

The company's average sale period for Year 2 is closest to:

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:

When fixed costs are included in the cost of goods sold, the gross margin percentage should increase and decrease with sales volume.

Zack Company has a current ratio of 2.5.What will be the effect of a purchase of inventory with cash on the acid-test ratio and on working capital?

Weightman Corporation's net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was $36,000.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 $983,000 and at the end of Year 1 to $950,000.The market price per share at the end of Year 2 was $7.92.The company's price-earnings ratio for Year 2 is closest to:

Calin Corporation has total current assets of $615,000, total current liabilities of $230,000, total stockholders' equity of $1,183,000, total net plant and equipment of $958,000, total assets of $1,573,000, and total liabilities of $390,000.The company's working capital is:

The average collection period for Year 2 is closest to:

The company's book value per share at the end of the year is closest to:

The company's average collection period for Year 2 is closest to:

Kopas Corporation has provided the following data: The inventory turnover for this year is closest to:

Dratif Corporation's working capital is $33,000 and its current liabilities are $80,000.The corporation's current ratio is closest to: