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Exam 14: Financial Statement Analysis

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Question 121

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Groeneweg Corporation has provided the following data: Dividends on common stock during Year 2 totaled $4,500.The market price of common stock at the end of Year 2 was $9.45 per share.The company's dividend payout ratio for Year 2 is closest to:

A) 8.7%
B) 13.4%
C) 4.5%
D) 1.0%

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

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Question 122

Multiple Choice

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

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Question 123

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

The company's return on total assets for Year 2 is closest to:

The company's return on equity for Year 2 is closest to:

The average sale period for Year 2 is closest to:

The Seabury Corporation has a current ratio of 3.5 and an acid-test ratio of 2.8.The corporation's current assets consist of cash, marketable securities, accounts receivable, and inventories.Inventory equals $49,000.Seabury Corporation's current liabilities must be:

The formula for the times interest earned ratio is: Times interest earned = Earnings before interest expense and income taxes ÷ Interest expense.

The company's earnings per share for Year 2 is closest to:

Gambino 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?

The current ratio at the end of Year 2 is closest to:

The company's return on total assets for Year 2 is closest to:

Rawdon Corporation's net operating income in Year 2 was $52,429, net income before taxes was $34,429, and the net income was $24,100.Total common stock was $360,000 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 $976,000 and at the end of Year 1 to $960,000.The company's earnings per share for Year 2 is closest to:

Younis Corporation's income statement appears below: The company's net profit margin percentage is closest to:

As the inventory turnover increases, the average sales period decreases.

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:

The times interest earned ratio for Year 2 is closest to:

Maraby Corporation's inventory turnover for Year 2 was closest to:

Data from Keniston Corporation's most recent balance sheet and income statement appear below: The average collection period for this year is closest to:

The formula for total asset turnover is: Total asset turnover = Total assets ÷ Total stockholders' equity.