Exam 14: Financial Statement Analysis

Jersey Corporation has total interest expense of $10,000,sales of $1 million,a tax rate of 40%,and net income (after taxes)of $60,000.What is this firm's times interest earned ratio?

Financial statements for Orange Company appear below: Dividends during Year 2 totaled $156 thousand, of which $18 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $100. -Orange Company's earnings per share of common stock for Year 2 was closest to:

Financial statements for Orange Company appear below: Dividends during Year 2 totaled $156 thousand, of which $18 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $100. -Orange Company's dividend yield ratio on December 31,Year 2 was closest to:

Excerpts from Goodrow Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $20 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $5.34 per share. -The price-earnings ratio for Year 2 is closest to:

Pia Corporation has provided the following data from its most recent income statement: Net operating income \ 71,000 Interest expense.. \ 34,000 Net income before taxes. \ 37,000 Income taxes \ 11,000 Net income \ 26,000 The times interest earned ratio is closest to:

Artist Company's net income last year was $500,000.The company has 150,000 shares of common stock and 40,000 shares of preferred stock outstanding.There was no change in the number of common or preferred shares outstanding during the year.The company declared and paid dividends last year of $1.70 per share on the common stock and $0.70 per share on the preferred stock.The earnings per share of common stock is closest to:

Excerpts from Tigner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,230 and the cost of goods sold was $820. -The inventory turnover for Year 2 is closest to:

The following data have been taken from your company's financial records for the current year: Earnings per share .............. \ 15 Dividend per share ............ \ 9 Market price per share ....... \ 120 Book value per share.......... \ 90 The price-earnings ratio is:

Selected financial data for Bragg Company appear below: -Suppose that 45% of Bragg Company's total sales are cash sales.The company's average collection period (age of receivables)for Year 2 was 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 price-earnings ratio at December 31 was 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 book value per share at the end of Year 2 is closest to:

Excerpts from Tigner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,230 and the cost of goods sold was $820. -The acid-test ratio at the end of Year 2 is closest to:

Financial statements for Marcell Company appear below: -Marcell Company's current ratio at the end of Year 2 was closest to:

Dieringer Corporation's most recent balance sheet and income statement appear below: -The inventory turnover 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 common stockholders' equity for Year 2 is closest to:

Brandon Company's net income last year was $65,000 and its interest expense was $20,000.Total assets at the beginning of the year were $640,000 and total assets at the end of the year were $690,000.The company's income tax rate was 30%.The company's return on total assets for the year was 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 acid-test ratio at December 31 was closest to:

Data from Kooistra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770. -The current ratio at the end of 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 price-earnings ratio 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 price-earnings ratio for Year 2 is closest to: