Exam 14: Financial Statement Analysis

Hick Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $20 thousand. The market price of common stock at the end of Year 2 was $9.57 per share. -The price-earnings ratio for Year 2 is closest to:

Cadarette Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $17.73 per share. -The return on total assets for Year 2 is closest to:

Cadarette Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $17.73 per share. -The earnings per share of common stock for Year 2 is closest to:

Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share. -The working capital at the end of Year 2 is:

Tubergen Corporation's most recent income statement appears below: Required: Compute the gross margin percentage.

Tronnes Corporation's net income last year was $1,750,000.The dividend on common stock was $2.60 per share and the dividend on preferred stock was $2.50 per share.The market price of common stock at the end of the year was $57.70 per share.Throughout the year,300,000 shares of common stock and 100,000 shares of preferred stock were outstanding.The price-earnings ratio is closest to:

The purchase of marketable securities for cash will lower a firm's acid-test ratio.

Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share. -The accounts receivable turnover for Year 2 is closest to:

Financial statements for Harwich Company for the most recent year appear below: The balances in the Cash, Accounts Receivable, Inventory, Bonds Payable, Common Stock, and Additional Paid-In Capital accounts are unchanged from the beginning of the year. A $0.75 per share dividend was declared and paid during the year. On December 31, Harwich Company's common stock was trading at $24.00 per share. -Harwich Company's dividend payout ratio for the year was closest to:

Financial statements for Marcell Company appear below: -Marcell Company's average sale period for Year 2 was closest to:

The dividend yield ratio is calculated by dividing dividends per share by earnings per share.

Hick Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $20 thousand. The market price of common stock at the end of Year 2 was $9.57 per share. -The gross margin percentage for Year 2 is closest to:

Sabb Corporation's net income last year was $6,190,000.The dividend on common stock was $13.90 per share and the dividend on preferred stock was $1.60 per share.The market price of common stock at the end of the year was $41.50 per share.Throughout the year,300,000 shares of common stock and 100,000 shares of preferred stock were outstanding. Required: Compute the dividend payout ratio.Show your work!

Data from Davoren Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receivable. \ 114,000 \ 112,000 Inventory. \ 160,000 \ 189,000 Sales on account \ 716,000 Cost of goods sold \ 522,000 The average sale period for this year is closest to:

Ozols Corporation's most recent income statement appears below: The gross margin percentage is closest to:

The market price of XYZ Company's common stock dropped from $25 to $21 per share.The dividend paid per share remained unchanged.The company's dividend payout ratio would:

Cotuit Company has a current ratio of 3.2 and an acid-test ratio of 2.4.The company's current assets consist of cash,marketable securities,accounts receivable,and inventory.The company's inventory is $40,000.Cotuit Company's current liabilities must be:

Selected financial data from Osterville Company for the most recent year appear below: The income tax rate is 40%. -Net income as a percentage of sales was:

Excerpts from Stepney Corporation's most recent balance sheet (in thousands of dollars)appear below: Sales on account during the year totaled $1,440 thousand.Cost of goods sold was $890 thousand. Required: Compute the following for Year 2: a.Working capital. b.Current ratio. c.Acid-test ratio. d.Accounts receivable turnover. e.Average collection period. f.Inventory turnover. g.Average sale period.

Cadarette Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $17.73 per share. -The dividend payout ratio for Year 2 is closest to: