Younis Corporation's income statement appears below: $\begin{array}{lr}\text { Income Statement }\\ \text { Sales (all on account) }&\$1,240,000\\ \text { Cost of goods sold }&780,000\\ \text { Gross margin }&460,000\\ \text { Operating expenses }&416,571\\ \text { Net operating income }&43,429\\ \text { Interest expense. }&14,000\\ \text { Net income before taxes }&29,429\\ \text { Income taxes (35\%) }&8,829\\ \text { Net income }&\$20,600 \end{array}$ The company's net profit margin percentage is closest to:

A) 37.1% B) 3.5% C) 2.4% D) 1.7% A) 37.1% B) 3.5% C) 2.4% D) 1.7%

Linzey Corporation has provided the following data: $\begin{array}{ll} &\text { Year 2 } & \text { Year 1 } \\ \text {Common stock, \( \$ 2 $ par value }&\$ 120,000 & \$ 120,000 \\ \text {Retained earnings }&\$ 747,000 & \$ 720,000 \\ \text {Total stockholders' equity }&\$ 927,000 & \$ 900,000 \end{array}\) The company's net income in Year 2 was $33,000. The company's book value per share at the end of Year 2 is closest to:

A) $22.45 per share B) $12.45 per share C) $0.55 per share D) $15.45 per share A) $22.45 per share B) $12.45 per share C) $0.55 per share D) $15.45 per share

Mormino Corporation's income statement appears below: $\begin{array}{lr}\text { Income Statement }\\ \text { Sales (all on account) }&\$1,240,000\\ \text { Cost of goods sold }&730,000\\ \text { Gross margin }&510,000\\ \text { Operating expenses }&450,000\\ \text { Net operating income }&59,538\\ \text { Interest expense. }&18,000\\ \text { Net income before taxes }&41,538\\ \text { Income taxes (35\%) }&14,538\\ \text { Net income }&\$27,000 \end{array}$ The company's gross margin percentage is closest to:

A) 1888.9% B) 5.3% C) 41.1% D) 69.9% A) 1888.9% B) 5.3% C) 41.1% D) 69.9%

Hernande Corporation has provided the following data: $\begin{array}{ll} &\text { Year 2 } & \text { Year 1 } \\ \text {Common stock, \$4 par value }&\$ 400,000 & \$ 400,000 \\ \text {Net operating income. }&\$ 75,429 & \\ \text {Net income before taxes }&\$ 61,429 & \\ \text {Net income }&\$ 43,000 & \end{array}$ The company's earnings per share for Year 2 is closest to:

A) $4.25 per share B) $0.43 per share C) $0.61 per share D) $0.75 per share A) $4.25 per share B) $0.43 per share C) $0.61 per share D) $0.75 per share

Exam 15: Financial Statement Analysis

Younis Corporation's income statement appears below: Income Statement Sales (all on account) \1 ,240,000 Cost of goods sold 780,000 Gross margin 460,000 Operating expenses 416,571 Net operating income 43,429 Interest expense. 14,000 Net income before taxes 29,429 Income taxes (35\%) 8,829 Net income \2 0,600 The company's net profit margin percentage is closest to:

(Multiple Choice)

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(76)

Question 81

Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: -The company's operating cycle for Year 2 is closest to:

(Multiple Choice)

4.9/5

(76)

Question 82

Kearin Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share. -The company's net profit margin percentage for Year 2 is closest to:

(Multiple Choice)

4.9/5

(74)

Question 83

Accounts receivable turnover will normally decrease as a result of:

(Multiple Choice)

4.9/5

(83)

Question 84

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 inventory turnover for Year 2 is closest to:

(Multiple Choice)

4.9/5

(68)

Question 85

Mihok Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,000. The market price of common stock at the end of Year 2 was $0.97 per share. Required: a. What is the company's earnings per share for Year 2? b. What is the company's price-earnings ratio for Year 2? c. What is the company's dividend payout ratio for Year 2? d. What is the company's dividend yield ratio for Year 2? e. What is the company's book value per share at the end of Year 2?

(Essay)

4.7/5

(69)

Question 86

Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. -The working capital at the end of Year 2 is:

(Multiple Choice)

4.9/5

(63)

Question 87

Linzey Corporation has provided the following data: Year 2 Year 1 Common stock, \ 2 par value \ 120,000 \ 120,000 Retained earnings \ 747,000 \ 720,000 Total stockholders' equity \ 927,000 \ 900,000 The company's net income in Year 2 was $33,000. The company's book value per share at the end of Year 2 is closest to:

(Multiple Choice)

4.8/5

(69)

Question 88

Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share. -The company's price-earnings ratio for Year 2 is closest to:

(Multiple Choice)

4.8/5

(81)

Question 89

Rough Corporation's total assets at the end of Year 2 were $1,247,000 and at the end of Year 1 were $1,270,000. The company's total liabilities at the end of Year 2 were $512,000 and at the end of Year 1 were $550,000. The company's total stockholders' equity at the end of Year 2 was $735,000 and at the end of Year 1 was $720,000. The company's equity multiplier is closest to:

(Multiple Choice)

4.8/5

(81)

Question 90

Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. -The company's return on total assets for Year 2 is closest to:

(Multiple Choice)

5.0/5

(67)

Question 91

Fayer Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. -The company's debt-to-equity ratio at the end of Year 2 is closest to:

(Multiple Choice)

4.9/5

(76)

Question 92

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 working capital at the end of Year 2 is:

(Multiple Choice)

4.8/5

(83)

Question 93

Mormino Corporation's income statement appears below: Income Statement Sales (all on account) \1 ,240,000 Cost of goods sold 730,000 Gross margin 510,000 Operating expenses 450,000 Net operating income 59,538 Interest expense. 18,000 Net income before taxes 41,538 Income taxes (35\%) 14,538 Net income \2 7,000 The company's gross margin percentage is closest to:

(Multiple Choice)

4.8/5

(77)

Question 94

Kaloi Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $3,500. The market price of common stock at the end of Year 2 was $7.46 per share. Required: a. What is the company's working capital at the end of Year 2? b. What is the company's current ratio at the end of Year 2? c. What is the company's acid-test (quick) ratio at the end of Year 2? d. What is the company's accounts receivable turnover for Year 2? e. What is the company's average collection period (age of receivables) for Year 2? f. What is the company's inventory turnover for Year 2? g. What is the company's average sale period (turnover in days) for Year 2? h. What is the company's operating cycle for Year 2? i. What is the company's total asset turnover for Year 2? j. What is the company's times interest earned for Year 2? k. What is the company's debt-to-equity ratio at the end of Year 2? l. What is the company's equity multiplier at the end of Year 2? m. What is the company's net profit margin percentage for Year 2? n. What is the company's gross margin percentage for Year 2? o. What is the company's return on total assets for Year 2? p. What is the company's return on equity for Year 2?

(Essay)

4.8/5

(95)

Question 95

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 current ratio is closest to:

(Multiple Choice)

4.8/5

(81)

Question 96

To increase total asset turnover, management must either increase sales or reduce total stockholders' equity.

(True/False)

4.8/5

(67)

Question 97

Vogelsberg Corporation has provided the following financial data: The company's net operating income in Year 2 was $62,308; its interest expense was $12,000; and its net income was $32,700. Dividends on common stock during Year 2 totaled $2,700. The market price of common stock at the end of Year 2 was $6.37 per share. Required: a. What is the company's times interest earned for Year 2? b. What is the company's debt-to-equity ratio at the end of Year 2? c. What is the company's equity multiplier at the end of Year 2? d. What is the company's earnings per share for Year 2? e. What is the company's price-earnings ratio for Year 2? f. What is the company's dividend payout ratio for Year 2? g. What is the company's dividend yield ratio for Year 2? h. What is the company's book value per share at the end of Year 2?

(Essay)

4.8/5

(86)

Question 98

Hernande Corporation has provided the following data: Year 2 Year 1 Common stock, \4 par value \ 400,000 \ 400,000 Net operating income. \ 75,429 Net income before taxes \ 61,429 Net income \ 43,000 The company's earnings per share for Year 2 is closest to:

(Multiple Choice)

4.9/5

(75)

Question 99

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 price-earnings ratio for Year 2 is closest to:

(Multiple Choice)

4.8/5

(92)

Question 100

Showing 81 - 100 of 289

Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: -The company's operating cycle for Year 2 is closest to:

Kearin Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share. -The company's net profit margin percentage for Year 2 is closest to:

Accounts receivable turnover will normally decrease as a result of:

Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. -The working capital at the end of Year 2 is:

Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. -The company's return on total assets for Year 2 is closest to:

Fayer Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share. -The company's debt-to-equity ratio at the end of Year 2 is closest to:

To increase total asset turnover, management must either increase sales or reduce total stockholders' equity.

Hernande Corporation has provided the following data: Year 2 Year 1 Common stock, \4 par value \ 400,000 \ 400,000 Net operating income. \ 75,429 Net income before taxes \ 61,429 Net income \ 43,000 The company's earnings per share for Year 2 is closest to:

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 price-earnings ratio for Year 2 is closest to:

Master Budgeting

Flexible Budgets and Performance Analysis

Standard Costs and Variances

Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System

Journal Entries to Record Variances

Performance Measurement in Decentralized Organizations

Transfer Pricing

Service Department Charges

Differential Analysis: the Key to Decision Making

Capital Budgeting Decisions

The Concept of Present Value

Income Taxes and the Net Present Value Method

Statement of Cash Flows

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

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