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The accounts receivable turnover for Year 2 is closest to:


A) 1.10
B) 0.91
C) 11.52
D) 12.10

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

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Walker Corporation has provided the following financial data: Walker Corporation has provided the following financial data: The company's net operating income for Year 2 was $63,615 and its interest expense was $15,000. 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 times interest earned ratio for Year 2? e.What is the company's debt-to-equity ratio at the end of Year 2? f.What is the company's equity multiplier at the end of Year 2? The company's net operating income for Year 2 was $63,615 and its interest expense was $15,000. 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 times interest earned ratio for Year 2? e.What is the company's debt-to-equity ratio at the end of Year 2? f.What is the company's equity multiplier at the end of Year 2?

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a.Working capital = Current assets - Cur...

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Grosvenor Corporation's most recent income statement appears below: Grosvenor Corporation's most recent income statement appears below: The gross margin percentage is closest to: A) 80.9% B) 44.7% C) 376.0% D) 26.6% The gross margin percentage is closest to:


A) 80.9%
B) 44.7%
C) 376.0%
D) 26.6%

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

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Narstad Corporation's times interest earned ratio for Year 2 was closest to:


A) 11.0
B) 10.0
C) 18.0
D) 7.0

E) A) and B)
F) A) and D)

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Maraby Corporation's accounts receivable turnover for Year 2 was closest to:


A) 13.5
B) 7.8
C) 11.2
D) 9.4

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

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Norton Inc.could improve its current ratio of 2 by:


A) paying a previously declared stock dividend.
B) writing off an uncollectible receivable.
C) selling merchandise on credit at a profit.
D) purchasing inventory on credit.

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

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Earnings per share is computed by multiplying net income by the average number of common shares outstanding.

A) True
B) False

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Uhri Corporation has provided the following data: Uhri Corporation has provided the following data: Dividends on common stock during Year 2 totaled $4,000.The market price of common stock at the end of Year 2 was $6.08 per share.The company's dividend payout ratio for Year 2 is closest to: A) 7.8% B) 1.3% C) 11.1% D) 0.8% Dividends on common stock during Year 2 totaled $4,000.The market price of common stock at the end of Year 2 was $6.08 per share.The company's dividend payout ratio for Year 2 is closest to:


A) 7.8%
B) 1.3%
C) 11.1%
D) 0.8%

E) A) and B)
F) A) and D)

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Maraby Corporation's current ratio at the end of Year 2 was closest to:


A) 1.34
B) 1.72
C) 0.60
D) 0.44

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

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Which one of the following statements about book value per share is most correct?


A) Market price per common share usually approximates book value per common share.
B) Book value per common share is based on past transactions whereas the market price of a share of stock mainly reflects what investors expect to happen in the future.
C) A market price per common share that is greater than book value per common share is an indication of an overvalued stock.
D) Book value per common share is the amount that would be paid to stockholders if the company were sold to another company.

E) A) and D)
F) B) and D)

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Rubendall Corporation's total current assets are $310,000, its noncurrent assets are $630,000, its total current liabilities are $250,000, its long-term liabilities are $300,000, and its stockholders' equity is $390,000. Required: Compute the company's current ratio.Show your work!

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Current ratio = Curr...

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The acid-test (quick) ratio at the end of Year 2 is closest to:


A) 0.72
B) 0.83
C) 0.59
D) 1.25

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

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Financial statements for Rardin Corporation appear below: Financial statements for Rardin Corporation appear below: Required: Compute the following for Year 2: a.Current ratio. b.Acid-test (quick)ratio. c.Average collection period. d.Inventory turnover. e.Times interest earned ratio. f.Debt-to-equity ratio. Financial statements for Rardin Corporation appear below: Required: Compute the following for Year 2: a.Current ratio. b.Acid-test (quick)ratio. c.Average collection period. d.Inventory turnover. e.Times interest earned ratio. f.Debt-to-equity ratio. Required: Compute the following for Year 2: a.Current ratio. b.Acid-test (quick)ratio. c.Average collection period. d.Inventory turnover. e.Times interest earned ratio. f.Debt-to-equity ratio.

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a.Current ratio = Current assets ÷ Curre...

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Perrett Corporation has provided the following financial data: Perrett Corporation has provided the following financial data: Required: a.What is the company's net profit margin percentage for Year 2? b.What is the company's gross margin percentage for Year 2? c.What is the company's return on total assets for Year 2? d.What is the company's return on equity for Year 2? Required: a.What is the company's net profit margin percentage for Year 2? b.What is the company's gross margin percentage for Year 2? c.What is the company's return on total assets for Year 2? d.What is the company's return on equity for Year 2?

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a.Net profit margin percentage = Net inc...

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Issuing common stock will decrease a company's financial leverage.

A) True
B) False

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The company's dividend yield ratio for Year 2 is closest to:


A) 1.0%
B) 18.4%
C) 26.3%
D) 2.5%

E) B) and C)
F) C) and D)

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Straton Corporation has provided the following financial data: Straton Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,100.The market price of common stock at the end of Year 2 was $5.56 per share. Required: a.What is the company's net profit margin percentage for Year 2? b.What is the company's gross margin percentage for Year 2? c.What is the company's return on total assets for Year 2? d.What is the company's return on equity for Year 2? e.What is the company's earnings per share for Year 2? f.What is the company's price-earnings ratio for Year 2? g.What is the company's dividend payout ratio for Year 2? h.What is the company's dividend yield ratio for Year 2? i.What is the company's book value per share at the end of Year 2? Straton Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,100.The market price of common stock at the end of Year 2 was $5.56 per share. Required: a.What is the company's net profit margin percentage for Year 2? b.What is the company's gross margin percentage for Year 2? c.What is the company's return on total assets for Year 2? d.What is the company's return on equity for Year 2? e.What is the company's earnings per share for Year 2? f.What is the company's price-earnings ratio for Year 2? g.What is the company's dividend payout ratio for Year 2? h.What is the company's dividend yield ratio for Year 2? i.What is the company's book value per share at the end of Year 2? Dividends on common stock during Year 2 totaled $2,100.The market price of common stock at the end of Year 2 was $5.56 per share. Required: a.What is the company's net profit margin percentage for Year 2? b.What is the company's gross margin percentage for Year 2? c.What is the company's return on total assets for Year 2? d.What is the company's return on equity for Year 2? e.What is the company's earnings per share for Year 2? f.What is the company's price-earnings ratio for Year 2? g.What is the company's dividend payout ratio for Year 2? h.What is the company's dividend yield ratio for Year 2? i.What is the company's book value per share at the end of Year 2?

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a.Net profit margin percentage = Net inc...

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The company's accounts receivable turnover for Year 2 is closest to:


A) 12.95
B) 1.02
C) 0.98
D) 13.06

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

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The company's gross margin percentage for Year 2 is closest to:


A) 59.6%
B) 2.5%
C) 37.3%
D) 4076.9%

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

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The company's equity multiplier at the end of Year 2 is closest to:


A) 0.64
B) 1.65
C) 1.57
D) 0.61

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

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