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

Last year Javer Company had a net income of $200,000,income tax expense of $74,000,and interest expense of $20,000.The company's times interest earned was closest to:

If the assets in which funds are invested have a rate of return lower than the fixed rate of return paid to the supplier of the funds,then financial leverage is positive.

Orange Company's current ratio at the end of 20 × 6 was closest to:

Karl Company has total assets of $170,000 and total liabilities of $110,000.The company's debt-to-equity ratio is closest to:

Marcial Company's acid-test (quick)ratio at the end of 20 × 6 was closest to:

Dragin Company's working capital is $36,000 and its current liabilities are $61,000.The company's current ratio is closest to:

Desktop Co.presently has a current ratio of 1.2 to 1 and an acid-test ratio of 0.8 to 1.Prepaying next year's office rent of $50,000 will:

Financial statements for Raridan Company appear below:

Crawler Company's net income last year was $80,000.The company paid preferred dividends of $10,000 and its average common shareholders' equity was $400,000.The company's return on common shareholders' equity for the year was closest to:

Curry Company's acid-test (quick)ratio at December 31,20× 7 was closest to:

The total assets of the Philbin Company on January 1,20 × 9 were $2.3 million and on December 31,20 × 9 were $2.5 million.Net income for 20 × 9 was $188,000.Dividends for 19 × 9 totalled $75,000,interest expenses totalled $70,000,and the tax rate was 30%.The return on total assets for 20 × 9 was closest to:

Selected data from Sheridan Corporation's year-end financial statements are presented below.The difference between average and ending inventory is immaterial.There were no prepaid expenses. Sheridan's sales for the year were:

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

The price-earnings ratio is determined by dividing the price of a product by its profit margin.

Calculate the times interest earned for 20 × 4

Calculate the amount of working capital at the end of 20 × 4

Grave Company had $150,000 in sales on account last year.The beginning accounts receivable balance was $14,000 and the ending accounts receivable balance was $10,000.The company's average collection period (age of receivables)was closest to:

Mariah Company has a times interest earned ratio of 3.0 for the year just ended.The company's tax rate is 40% and the interest expense for the year was $25,000.Mariah Company's after-tax net income was:

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

Oratz Company's acid-test (quick)ratio for 20 × 6 was closest to: