Exam 14: Financial Statement Analysis

Harwichport Company has a current ratio of 3.5 to 1 and an acid-test ratio of 2.8 to 1.Current assets equal $175,000,of which $5,000 consists of prepaid expenses.What must be Harwichport Company's inventory?

Selected financial data for Irvington Company appear below: Account Balances Beginning of year End of year Preferred shares \ 125,000 \ 125,000 Common shares 300,000 400,000 Retained earnings 75,000 185,000 During the year,the company paid dividends of $10,000 on its preferred shares.The company's net income for the year was $120,000.The company's return on common shareholders' equity for the year was closest to which of the following?

Financial statements for Larosa Company appear below: Total dividends during Year 2 were $47,000, of which $10,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $70. -Larosa Company's return on total assets for Year 2 was closest to which of the following?

McGraw Electronics showed Bonds Payable of $7,500,000 in 2011 and $8,000,000 in 2010 on its comparative Balance Sheet.The percentage change is closest to:

Financial statements for Laroche Company appear below: Shareholders' Equity: Total dividends during Year 2 were $166,000, of which $10,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $150. -Laroche Company's return on total assets for Year 2 was closest to which of the following?

Financial statements for Marcial Company appear below: -Marcial Company's accounts receivable turnover for Year 2 was closest to which of the following?

Selected financial data for Barnstable Company appear below: -For Year 2,what was the net operating income as a percentage of sales?

Financial statements for Narlock Company appear below: -Narlock Company's debt-to-equity ratio at the end of Year 2 was closest to which of the following?

Draban Company's working capital is $38,000,and its current liabilities are $59,000.The company's current ratio is closest to which of the following?

Frantic Company had $130,000 in sales on account last year.The beginning accounts receivable balance was $10,000,and the ending accounts receivable balance was $16,000.The company's accounts receivable turnover was closest to which of the following?

Financial statements for Orantes Company appear below: Total dividends during Year 2 were $181,000, of which $12,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $280. -Orantes Company's current ratio at the end of Year 2 was closest to which of the following?

Which of the following events is unique to the calculation of fully diluted earnings per share?

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 which of the following?

Financial statements for Oratz Company appear below: Total dividends during Year 2 were $139,000, of which $6,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $260. -Oratz Company's earnings per common share for Year 2 was closest to which of the following?

Financial statements for Laroche Company appear below: Shareholders' Equity: Total dividends during Year 2 were $166,000, of which $10,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $150. -Laroche Company's earnings per common share for Year 2 was closest to which of the following?

Financial statements for Rarig Company appear below:

Financial statements for Larosa Company appear below: Total dividends during Year 2 were $47,000, of which $10,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $70. -Larosa Company's dividend payout ratio for Year 2 was closest to which of the following?

Financial statements for Larosa Company appear below: Total dividends during Year 2 were $47,000, of which $10,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $70. -Larosa Company's price-earnings ratio on December 31,Year 2 was closest to which of the following?

Financial statements for Marcial Company appear below: -Marcial Company's acid-test (quick)ratio at the end of Year 2 was closest to which of the following?

At December 31, Curry Co. had the following balances in selected asset accounts: Curry had current liabilities of $1,000 at December 31, Year 2, and credit sales of $7,200 for Year 2. -Curry Company's average collection period (age of receivables)for Year 2 was closest to which of the following?