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Based on the above data, what is the amount of working capital? A) $238,000 B) $128,000 C) $168,000 D) $203,000 Based on the above data, what is the amount of working capital?


A) $238,000
B) $128,000
C) $168,000
D) $203,000

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

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A company reports the following: A company reports the following:

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Determine the (a) accounts rec...

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The Cash and Accounts Receivable for a company are provided below: The Cash and Accounts Receivable for a company are provided below: Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis?

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Based on the above data, what is the amount of quick assets? A) $205,000 B) $203,000 C) $131,000 D) $66,000 Based on the above data, what is the amount of quick assets?


A) $205,000
B) $203,000
C) $131,000
D) $66,000

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

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C

Match each item with its definition. -Profitability analysis


A) Useful for comparing one company to another or a company with industry averages
B) Focuses on a company’s ability to generate net income
C) The percentage analysis of the relationship of each component in a financial statement to a total within the statement.
D) An analysis of a company’s ability to pay its current liabilities.
E) Occurs when a company abandons a segment.
F) A percentage analysis of increases and decreases in related items in comparative financial statements.
G) Something that is both unusual and infrequent.
H) This requires a restatement of prior period financial statements.

I) A) and E)
J) A) and F)

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The following data are taken from the financial statements: The following data are taken from the financial statements:

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The relationship of $325,000 to $125,000, expressed as a ratio, is


A) 2.0 to 1
B) 2.6 to 1
C) 2.5 to 1
D) 0.45 to 1

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

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The number of days' sales in receivables is one means of expressing the relationship between average daily sales and accounts receivable.

A) True
B) False

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Comparing dividends per share to earnings per share indicates the extent to which the corporation is retaining its earnings for use in operations.

A) True
B) False

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The comparative balance sheet of Ramos Company appears below: (a) RAMOS COMPANY Comparative Balance Sheet December 31, 2012 and 2011 The comparative balance sheet of Ramos Company appears below: (a) RAMOS COMPANY Comparative Balance Sheet December 31, 2012 and 2011

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Instructions
blured image Round...

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Based on the following data for the current year, what is the number of days' sales in inventory? Based on the following data for the current year, what is the number of days' sales in inventory? A) 51.2 B) 44.4 C) 6.5 D) 7.5


A) 51.2
B) 44.4
C) 6.5
D) 7.5

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

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When a corporation discontinues a segment of its operations at a loss, the loss should be reported as a separate item after income from continuing operations on the income statement.

A) True
B) False

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The dividend yield rate is equal to the dividends per share divided by the par value per share of common stock.

A) True
B) False

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A company reports the following: A company reports the following:

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Determine the number of times interest charges are earned. Round your to one decimal place. Number of times interest charges are earned = (Income before income tax + interest expense) / interest expense Number of times interest charges are earned = ($600,000 + $150,000) / $150,000 Number of times interest charges are earned = 5.0

The following information was taken from the financial statement of Fox Resources for December 31 of the current fiscal year: The following information was taken from the financial statement of Fox Resources for December 31 of the current fiscal year:

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The net income was $600,000 and the decl...

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The balance sheets at the end of each of the first two years of operations indicate the following: The balance sheets at the end of each of the first two years of operations indicate the following: If net income is $115,000 and interest expense is $30,000 for 2012, and the market price is $30, What is the price-earnings ratio on common stock for 2012 (Round intermediate calculation to two decimal place and final answers to one decimal place) ? A) 16.9 B) 12.1 C) 14.4 D) 13.3 If net income is $115,000 and interest expense is $30,000 for 2012, and the market price is $30, What is the price-earnings ratio on common stock for 2012 (Round intermediate calculation to two decimal place and final answers to one decimal place) ?


A) 16.9
B) 12.1
C) 14.4
D) 13.3

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

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A company reports the following: A company reports the following:

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Determine the (a) rate earned ...

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The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Liabilities and Stockholders' Equity Income Statement What is the ratio of net sales to total assets for this company? Round your answer to two decimal points. A) 1.00 B) 1.89 C) 0.36 D) 0.29 Liabilities and Stockholders' Equity The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Liabilities and Stockholders' Equity Income Statement What is the ratio of net sales to total assets for this company? Round your answer to two decimal points. A) 1.00 B) 1.89 C) 0.36 D) 0.29 Income Statement The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Liabilities and Stockholders' Equity Income Statement What is the ratio of net sales to total assets for this company? Round your answer to two decimal points. A) 1.00 B) 1.89 C) 0.36 D) 0.29 The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Liabilities and Stockholders' Equity Income Statement What is the ratio of net sales to total assets for this company? Round your answer to two decimal points. A) 1.00 B) 1.89 C) 0.36 D) 0.29 What is the ratio of net sales to total assets for this company? Round your answer to two decimal points.


A) 1.00
B) 1.89
C) 0.36
D) 0.29

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

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D

The balance sheets at the end of each of the first two years of operations indicate the following: The balance sheets at the end of each of the first two years of operations indicate the following: If net income is $115,000 and interest expense is $30,000 for 2012, what is the rate earned on stockholders' equity for 2012 (round percent to one decimal point) ? A) 10.6% B) 11.1% C) 12.4% D) 14.0% If net income is $115,000 and interest expense is $30,000 for 2012, what is the rate earned on stockholders' equity for 2012 (round percent to one decimal point) ?


A) 10.6%
B) 11.1%
C) 12.4%
D) 14.0%

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

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Selected data from the Carmen Company at year end are presented below: Selected data from the Carmen Company at year end are presented below:

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Instructions
Calculate the profitability...

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