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Nickolls Corporation has provided the following financial data: Nickolls Corporation has provided the following financial data: The company's working capital is: A) $1,215,000 B) $542,000 C) $793,000 D) $709,000 The company's working capital is:


A) $1,215,000
B) $542,000
C) $793,000
D) $709,000

E) B) and C)
F) None of the above

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

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Gross margin percent...

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Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years.The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000.Net income for the year was $17,500.Dividends on common stock during the year totaled $4,500.The market price of common stock at the end of the year was $3.76 per share. The company's price-earnings ratio is closest to:


A) 19.79
B) 0.51
C) 8.36
D) 12.53

E) C) and D)
F) None of the above

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Financial statements for Maraby Corporation appear below: Financial statements for Maraby Corporation appear below: Maraby Corporation's average sale period for Year 2 was closest to: A) 38.8 days B) 32.6 days C) 46.6 days D) 27.0 days Financial statements for Maraby Corporation appear below: Maraby Corporation's average sale period for Year 2 was closest to: A) 38.8 days B) 32.6 days C) 46.6 days D) 27.0 days Maraby Corporation's average sale period for Year 2 was closest to:


A) 38.8 days
B) 32.6 days
C) 46.6 days
D) 27.0 days

E) None of the above
F) A) and B)

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Delfavero Corporation has provided the following data: Delfavero Corporation has provided the following data: The company's earnings per share for Year 2 is closest to: A) $10.33 per share B) $0.52 per share C) $0.34 per share D) $0.79 per share The company's earnings per share for Year 2 is closest to:


A) $10.33 per share
B) $0.52 per share
C) $0.34 per share
D) $0.79 per share

E) A) and D)
F) C) and D)

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Neef Corporation has provided the following financial data from its balance sheet and income statement: Neef Corporation has provided the following financial data from its balance sheet and income statement: The company's return on equity for Year 2 is closest to: A) 67.25% B) 2.27% C) 1.47% D) 4.19% Neef Corporation has provided the following financial data from its balance sheet and income statement: The company's return on equity for Year 2 is closest to: A) 67.25% B) 2.27% C) 1.47% D) 4.19% The company's return on equity for Year 2 is closest to:


A) 67.25%
B) 2.27%
C) 1.47%
D) 4.19%

E) A) and B)
F) B) and C)

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Orem Corporation's current liabilities are $75,000,its long-term liabilities are $225,000,and its working capital is $100,000.If the corporation's debt-to-equity ratio is 0.30,total long-term assets must equal:


A) $1,000,000
B) $1,300,000
C) $1,125,000
D) $1,225,000

E) A) and B)
F) A) and C)

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Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: 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: A) 95.9 days B) 75.3 days C) 162.0 days D) 9.2 days The company's operating cycle for Year 2 is closest to:


A) 95.9 days
B) 75.3 days
C) 162.0 days
D) 9.2 days

E) A) and B)
F) A) and C)

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Babbitt Corporation has provided the following data from its most recent income statement: Babbitt Corporation has provided the following data from its most recent income statement: Required: Compute the times interest earned ratio.Show your work! Required: Compute the times interest earned ratio.Show your work!

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Times interest earne...

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

A) True
B) False

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Freiman Corporation's most recent balance sheet and income statement appear below: Freiman Corporation's most recent balance sheet and income statement appear below: The working capital at the end of Year 2 is: A) $260 thousand B) $680 thousand C) $700 thousand D) $540 thousand Freiman Corporation's most recent balance sheet and income statement appear below: The working capital at the end of Year 2 is: A) $260 thousand B) $680 thousand C) $700 thousand D) $540 thousand The working capital at the end of Year 2 is:


A) $260 thousand
B) $680 thousand
C) $700 thousand
D) $540 thousand

E) A) and C)
F) None of the above

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Arkin Corporation's total current assets are $290,000,its noncurrent assets are $520,000,its total current liabilities are $210,000,its long-term liabilities are $420,000,and its stockholders' equity is $180,000. Required: Compute the company's working capital.Show your work!

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Working capital = Cu...

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Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years.The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000.Net income for the year was $17,500.Dividends on common stock during the year totaled $4,500.The market price of common stock at the end of the year was $3.76 per share. The company's dividend yield ratio is closest to:


A) 1.7%
B) 17.1%
C) 1.3%
D) 26.3%

E) None of the above
F) A) and C)

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Excerpts from Colter Corporation's most recent balance sheet appear below: Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. The current ratio at the end of Year 2 is closest to: A) 0.32 B) 0.38 C) 1.25 D) 1.20 Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. The current ratio at the end of Year 2 is closest to:


A) 0.32
B) 0.38
C) 1.25
D) 1.20

E) All of the above
F) None of the above

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Tempel Corporation has provided the following data: Tempel Corporation has provided the following data: The market price of common stock at the end of Year 2 was $2.77 per share.The company's price-earnings ratio for Year 2 is closest to: A) 9.23 B) 0.35 C) 4.54 D) 13.40 The market price of common stock at the end of Year 2 was $2.77 per share.The company's price-earnings ratio for Year 2 is closest to:


A) 9.23
B) 0.35
C) 4.54
D) 13.40

E) A) and B)
F) B) and C)

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Doonan Corporation has provided the following financial data from its balance sheet and income statement: 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 return on total assets for Year 2 is closest to: A) 1.77% B) 2.46% C) 1.80% D) 2.42% The market price of common stock at the end of Year 2 was $4.79 per share. The company's return on total assets for Year 2 is closest to:


A) 1.77%
B) 2.46%
C) 1.80%
D) 2.42%

E) All of the above
F) A) and B)

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Excerpts from Sydner Corporation's most recent balance sheet appear below: 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 average collection period for Year 2 is closest to: A) 55.1 days B) 0.9 days C) 1.1 days D) 57.8 days Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. The average collection period for Year 2 is closest to:


A) 55.1 days
B) 0.9 days
C) 1.1 days
D) 57.8 days

E) All of the above
F) B) and D)

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The formula for the times interest earned ratio is: Times interest earned = Earnings before interest expense and income taxes ÷ Interest expense.

A) True
B) False

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Pascarelli Corporation's inventory at the end of Year 2 was $122,000 and its inventory at the end of Year 1 was $150,000.Cost of goods sold amounted to $870,000 in Year 2.The company's average sale period (turnover in days) for Year 2 is closest to:


A) 230.1 days
B) 51.2 days
C) 57.0 days
D) 32.3 days

E) None of the above
F) C) and D)

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Excerpts from Sydner Corporation's most recent balance sheet appear below: 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 inventory turnover for Year 2 is closest to: A) 3.75 B) 1.20 C) 4.09 D) 0.83 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. The inventory turnover for Year 2 is closest to:


A) 3.75
B) 1.20
C) 4.09
D) 0.83

E) A) and C)
F) All of the above

Correct Answer

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