Data from Keniston Corporation's most recent balance sheet and income statement appear below: $\begin{array}{lll}&\text { This Year}&\text { Last Year }\\ \text { Accounts receivable ........ } & \$ 128,000 & \$ 114,000 \\ \text { Inventory .................... } & \$ 228,000 & \$ 193,000 \\ \text { Sales on account ........... } & \$ 813,000 & \\ \text { Cost of goods sold.......... } & \$ 597,000 & \end{array}$ The average collection period for this year is closest to:

A) 39.1 days B) 45.1 days C) 54.3 days D) 57.5 days A) 39.1 days B) 45.1 days C) 54.3 days D) 57.5 days

Data from Dunshee Corporation's most recent balance sheet appear below: $\begin{array}{lrr} &\text { Year 2 } & \text { Year 1 } \\\text { Current assets: }\\ \text { Cash}&\$ 130 & \$ 100 \\ \text { Accounts receivable, net.}&270 & 290 \\ \text {Inventory }&90 & 110 \\ \text {Prepaid expenses }&10 & 10\\ \text { Total current assets. }&\$500&\$510\\ \text { Total current liabilities }&\$230&\$220 \end{array}$ Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. -The current ratio at the end of Year 2 is closest to:

A) 0.38 B) 2.17 C) 0.94 D) 0.40 A) 0.38 B) 2.17 C) 0.94 D) 0.40

Cameron Corporation had 50,000 shares of common stock issued and outstanding that it originally issued for $40 per share.The following information pertains to these shares: $\begin{array}{lr} \text {Book value at end of current year }&\$70\\ \text { Market value, beginning of current year}&\$85\\ \text { Market value, end of current vear.}&\$90\\ \end{array}$ The total dividend on common stock for the year was $400,000.Cameron Corporation's dividend yield ratio for the year was:

A) 20.00% B) 11.43% C) 9.41% D) 8.89% A) 20.00% B) 11.43% C) 9.41% D) 8.89%

Exam 15: Financial Statement Analysis

Sabino Corporation's total common stock was $500,000 at the end of both Year 2 and Year 1.The par value of common stock is $5 per share.The company's total stockholders' equity at the end of Year 2 amounted to $1,125,000 and at the end of Year 1 to $1,090,000.The company's total liabilities and stockholders' equity at the end of Year 2 amounted to $1,581,000 and at the end of Year 1 to $1,540,000.The company's retained earnings at the end of Year 2 amounted to $545,000 and at the end of Year 1 to $510,000.The company's net income in Year 2 was $39,000.The company's book value per share at the end of Year 2 is closest to:

(Multiple Choice)

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Question 41

Jester Corporation's most recent income statement appears below: The beginning balance of total assets was $360,000 and the ending balance was $320,000.The return on total assets is closest to:

(Multiple Choice)

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(84)

Question 42

Dahn Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $1,600. The market price of common stock at the end of Year 2 was $2.37 per share. -The company's average collection period for Year 2 is closest to:

(Multiple Choice)

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Question 43

The gross margin percentage is computed by dividing the gross margin by net income before interest and taxes.

(True/False)

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Question 44

Symons Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,500. The market price of common stock at the end of Year 2 was $2.01 per share. -The company's earnings per share for Year 2 is closest to:

(Multiple Choice)

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Question 45

Doonan Corporation has provided the following financial data from its balance sheet and income statement: The market price of common stock at the end of Year 2 was $4.79 per share. -The company's price-earnings ratio for Year 2 is closest to:

(Multiple Choice)

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Question 46

Data from Keniston Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receivable ........ \ 128,000 \ 114,000 Inventory .................... \ 228,000 \ 193,000 Sales on account ........... \ 813,000 Cost of goods sold.......... \ 597,000 The average collection period for this year is closest to:

(Multiple Choice)

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Question 47

Sidell Corporation's most recent balance sheet and income statement appear below: Required: Compute the following for Year 2: a.Times interest earned ratio. b.Debt-to-equity ratio.

(Essay)

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Question 48

All other things the same,when a customer purchases an item for cash,the accounts receivable turnover ratio increases.

(True/False)

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Question 49

Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash \ 130 \ 100 Accounts receivable, net. 270 290 Inventory 90 110 Prepaid expenses 10 10 Total current assets. \5 00 \5 10 Total current liabilities \2 30 \2 20 Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. -The current ratio at the end of Year 2 is closest to:

(Multiple Choice)

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Question 50

The formula for the average sale period is: Average sale period = Accounts receivable turnover ÷ Inventory turnover.

(True/False)

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Question 51

Pribyl Corporation has provided the following financial data: Required: a.What is the company's net profit margin percentage for Year 2? b.What is the company's gross margin percentage for Year 2? c.What is the company's return on total assets for Year 2? d.What is the company's return on equity for Year 2?

(Essay)

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Question 52

Deacon Corporation has provided the following financial data from its balance sheet and income statement: -The company's debt-to-equity ratio at the end of Year 2 is closest to:

(Multiple Choice)

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(80)

Question 53

When computing the return on equity,retained earnings should be excluded from the average total stockholders' equity.

(True/False)

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Question 54

Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.

(True/False)

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Question 55

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:

(Multiple Choice)

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(81)

Question 56

Mahoe Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share. -The company's operating cycle for Year 2 is closest to:

(Multiple Choice)

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(78)

Question 57

Stimac Corporation has total cash of $210,000,no marketable securities,total current receivables of $281,000,total inventory of $151,000,total prepaid expenses of $53,000,total current assets of $695,000,total current liabilities of $261,000,total stockholders' equity of $1,014,000,total assets of $1,415,000,and total liabilities of $401,000.The company's acid-test (quick)ratio is closest to:

(Multiple Choice)

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Question 58

Gnas Corporation's total current assets are $210,000,its noncurrent assets are $590,000,its total current liabilities are $160,000,its long-term liabilities are $490,000,and its stockholders' equity is $150,000.The current ratio is closest to:

(Multiple Choice)

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(74)

Question 59

Cameron Corporation had 50,000 shares of common stock issued and outstanding that it originally issued for $40 per share.The following information pertains to these shares: Book value at end of current year \7 0 Market value, beginning of current year \8 5 Market value, end of current vear. \9 0 The total dividend on common stock for the year was $400,000.Cameron Corporation's dividend yield ratio for the year was:

(Multiple Choice)

4.7/5

(78)

Question 60

Showing 41 - 60 of 289

Exam 15: Financial Statement Analysis

Jester Corporation's most recent income statement appears below: The beginning balance of total assets was $360,000 and the ending balance was $320,000.The return on total assets is closest to:

Dahn Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $1,600. The market price of common stock at the end of Year 2 was $2.37 per share. -The company's average collection period for Year 2 is closest to:

The gross margin percentage is computed by dividing the gross margin by net income before interest and taxes.

Symons Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,500. The market price of common stock at the end of Year 2 was $2.01 per share. -The company's earnings per share for Year 2 is closest to:

Doonan Corporation has provided the following financial data from its balance sheet and income statement: The market price of common stock at the end of Year 2 was $4.79 per share. -The company's price-earnings ratio for Year 2 is closest to:

Sidell Corporation's most recent balance sheet and income statement appear below: Required: Compute the following for Year 2: a.Times interest earned ratio. b.Debt-to-equity ratio.

All other things the same,when a customer purchases an item for cash,the accounts receivable turnover ratio increases.

The formula for the average sale period is: Average sale period = Accounts receivable turnover ÷ Inventory turnover.

Deacon Corporation has provided the following financial data from its balance sheet and income statement: -The company's debt-to-equity ratio at the end of Year 2 is closest to:

When computing the return on equity,retained earnings should be excluded from the average total stockholders' equity.

Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.

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:

Mahoe Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share. -The company's operating cycle for Year 2 is closest to:

Gnas Corporation's total current assets are $210,000,its noncurrent assets are $590,000,its total current liabilities are $160,000,its long-term liabilities are $490,000,and its stockholders' equity is $150,000.The current ratio is closest to:

Managerial Accounting and Cost Concepts

Job-Order Costing: Calculating Unit Production Costs

Job-Order Costing: Cost Flows and External Reporting

Process Costing

Cost-Volume-Profit Relationships

Variable Costing and Segment Reporting: Tools for Management

Super-Variable Costing

Master Budgeting

Flexible Budgets and Performance Analysis

Standard Costs and Variances

Performance Measurement in Decentralized Organizations

Differential Analysis: The Key to Decision Making

Capital Budgeting Decisions

Statement of Cash Flows

Cost of Quality

Activity-Based Absorption Costing

The Predetermined Overhead Rate and Capacity

Job-Order Costing: a Microsoft Excel-Based Approach

Fifo Method

Service Department Allocations

Analyzing Mixed Costs

Time-Driven Activity-Based Costing: a Microsoft Excel-Based Approach

Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System

Standard Cost Systems: a Financial Reporting Perspective Using Microsoft Excel

Transfer Pricing

Service Department Charges

Pricing Decisions

The Concept of Present Value

Income Taxes and the Present Value Method

the Direct Method of Determining the Net Cash Provided by Operating Activities

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