Exam 14: Financial Statement Analysis

Debutiaco 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 $12.00 per share. Required: Compute the following for Year 2: a.Earnings per share (of common stock). b.Price-earnings ratio. c.Dividend payout ratio. d.Dividend yield ratio. e.Return on total assets. f.Return on common stockholders' equity. g.Book value per share.

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 debt-to-equity ratio at the end of the year was closest to:

A drop in the market price of a firm's common stock will immediately affect its:

Dieringer Corporation's most recent balance sheet and income statement appear below: -The accounts receivable turnover for Year 2 is closest to:

Financial statements for Marcell Company appear below: -Marcell Company's working capital (in thousands of dollars)at the end of Year 2 was closest to:

One would expect the book value of a share of stock to be about the same as the stock's market value.

Data from Saldivar Corporation's most recent balance sheet appear below: A total of 150,000 shares of common stock and 40,000 shares of preferred stock were outstanding at the end of the year.The book value per share is closest to:

Financial statements for Narita Company appear below: -Narita Company's debt-to-equity ratio at the end of Year 2 was 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 acid-test ratio at the end of Year 2 is closest to:

Mclaughlin Corporation's most recent balance sheet and income statement appear below: -The times interest earned 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 book value per share at December 31 was closest to:

The ratio of cash,trade receivables,and marketable securities to current liabilities is:

Excerpts from Zorra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850. -The average sale period for Year 2 is closest to:

Erastic Company has $14,000 in cash,$8,000 in marketable securities,$34,000 in account receivable,$40,000 in inventories,and $42,000 in current liabilities.The company's current assets consist of cash,marketable securities,accounts receivable,and inventory.The company's acid-test ratio is closest to:

Data from Weichbrodt Corporation's most recent balance sheet appear below: Cash \ 15,000 Marketable securities \ 26,000 Accounts receivables. \ 37,000 Inventory \ 51,000 Prepaid expenses \ 17,000 Current liabilities. \ 102,000 Required: Compute the company's acid-test ratio.Show your work!

Financial statements for Larned Company appear below: Dividends during Year 2 totaled $263 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $160. -Larned Company's price-earnings ratio on December 31,Year 2 was closest to:

Damon Corporation has provided the following data from its most recent balance sheet: Total assets. \ 630,000 Total liabilities \ 540,000 Total stockholders' equity \ 90,000 The debt-to-equity ratio is closest to:

Which of the following is not a potential source of financial leverage?

Hagerman Corporation's most recent income statement appears below: The beginning balance of total assets was $140,000 and the ending balance was $90,000.The return on total assets is 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 acid-test ratio at the end of Year 2 is closest to: