Exam 13: How Well Am I Doing Statement of Cash Flows

Granger Company had $180,000 in sales on account last year.The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000.The company's average collection period (age of receivables)was closest to:

Assuming that a company has a current ratio greater than 1.0 to 1,repaying a short-term note payable will increase the current ratio.

Orantes Company's earnings per share of common stock for 20 × 6 were closest to:

Eral Company has $17,000 in cash,$3,000 in marketable securities,$36,000 in current receivables,$24,000 in inventories,and $45,000 in current liabilities.The company's acid-test (quick)ratio is closest to:

Marcell Company's accounts receivable turnover for 20 × 6 was closest to:

Orange Company's return on total assets for 20 × 6 was closest to:

Laroche Company's book value per share at the end of 20 × 6 was closest to:

The price-earnings ratio is computed by dividing the current market price per share by the current earnings per share.

Cameron Company had 50,000 shares of common stock issued and outstanding during the year just ended.The following information pertains to these shares: The total dividend on common stock for the year was $400,000.Cameron Company's dividend yield ratio for the year was:

Brachlan Company's net income last year was $80,000 and its interest expense was $20,000.Total assets at the beginning of the year were $660,000 and total assets at the end of the year were $620,000.The company's income tax rate was 30%.The company's return on total assets for the year was closest to:

Oratz Company's times interest earned for 20 × 6 was closest to:

Financial statements for Lowe Company appear below:

Lisa Inc.'s working capital at December 31,20 × 7,was closest to:

Orantes Company's dividend yield ratio on December 31,20 × 6 was closest to:

For 20 × 9,the net income before taxes as a percentage of sales was:

A low price-earnings ratio suggests that investors anticipate that the business's earnings will increase in future periods.

MK Company's return on common shareholders' equity for the current year was closest to:

The expected dividend per share of common stock is:

Irawaddy Company,a retailer,had cost of goods sold of $230,000 last year.The beginning inventory balance was $24,000 and the ending inventory balance was $22,000.The company's average sale period (turnover in days)was closest to:

Last year Jackson Company had a net income of $160,000,income tax expense of $66,000,and interest expense of $20,000.The company's times interest earned was closest to: