Question : 111. Which one of the following not a characteristic generally evaluated : 1226788

 

 

111. Which one of the following is not a characteristic generally evaluated in ratio analysis? A. liquidityB. profitabilityC. solvencyD. marketability

 

112. Short-term creditors are typically most interested in assessing A. marketability.B. profitability.C. operating results.D. solvency.

 

113. A common measure of liquidity is A. ratio of net sales to assets.B. dividends per share of common stock.C. receivable turnover.D. profit margin.

 

114. In 2012 Robert Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. They had 50,000 shares of common stock outstanding during the entire year. Robert Corporation’s common stock is selling for $50 per share on the New York Stock Exchange.Robert Corporation’s price-earnings ratio is A. 10 times.B. 5 times.C. 2 times.D. 8 times.

 

115. A company that is leveraged is one that  A. contains debt financing.B. contains equity financing.C. has a high current ratio.D. has a high earnings per share.

 

116. 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                                                  

Cash and short-term investments

 

$  40,000

Accounts receivable (net)

 

25,000

Inventory

 

20,000

Property, plant and equipment

 

  210,000

 

Total assets

$295,000

 

 

 

 

                                  Liabilities and Stockholders’ Equity                             

Current liabilities

 

60,000

Long-term liabilities

 

85,000

Stockholders’ equity-common

 

  150,000

 

Total liabilities and stockholders’ equity

$295,000

 

 

 

 

                                                 Income Statement                                           

Net sales

 

$ 85,000

Cost of goods sold

 

   45,000

Gross margin

 

40,000

Operating expenses

 

15,000

Interest expense

 

   5,000

 

Net income

$ 20,000

 

 

 

 

 

Number of shares of common stock

 

6,000000

Market price of common stock

 

$20

Total dividends paid

 

$5,400

Cash provided by operations

 

$30,000

 

 

 

What is the ratio of net sales to total assets for this company?  Round your answer to two decimal points. A. 1.00B. 1.89C. 0.36D. 0.29

 

117. 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                                                  

Cash and short-term investments

 

$  40,000

Accounts receivable (net)

 

25,000

Inventory

 

20,000

Property, plant and equipment

 

  210,000

 

Total assets

$295,000

 

 

 

 

                                  Liabilities and Stockholders’ Equity                             

Current liabilities

 

60,000

Long-term liabilities

 

85,000

Stockholders’ equity-common

 

  150,000

 

Total liabilities and stockholders’ equity

$295,000

 

 

 

 

                                                 Income Statement                                           

Net sales

 

$ 85,000

Cost of goods sold

 

   45,000

Gross margin

 

40,000

Operating expenses

 

15,000

Interest expense

 

   5,000

 

Net income

$ 20,000

 

 

 

 

 

Number of shares of common stock

 

6,000000

Market price of common stock

 

$20

Total dividends paid

 

$5,400

Cash provided by operations

 

$30,000

 

 

 

What is the rate earned on total assets for this company?  Round your answer to one decimal point. A. 8.5%B. 6.8%C. 10.3%D. 13.3%

 

118. 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                                                  

Cash and short-term investments

 

$  40,000

Accounts receivable (net)

 

25,000

Inventory

 

20,000

Property, plant and equipment

 

  210,000

 

Total assets

$295,000

 

 

 

 

                                  Liabilities and Stockholders’ Equity                             

Current liabilities

 

60,000

Long-term liabilities

 

85,000

Stockholders’ equity-common

 

  150,000

 

Total liabilities and stockholders’ equity

$295,000

 

 

 

 

                                                 Income Statement                                           

Net sales

 

$ 85,000

Cost of goods sold

 

   45,000

Gross margin

 

40,000

Operating expenses

 

15,000

Interest expense

 

   5,000

 

Net income

$ 20,000

 

 

 

 

 

Number of shares of common stock

 

6,000000

Market price of common stock

 

$20

Total dividends paid

 

$5,400

Cash provided by operations

 

$30,000

 

 

 

What are the dividends per common share for this company?   A. $20.00B. $3.33C. $1.11D. $0.90

 

119. 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                                                  

Cash and short-term investments

 

$  40,000

Accounts receivable (net)

 

25,000

Inventory

 

20,000

Property, plant and equipment

 

  210,000

 

Total assets

$295,000

 

 

 

 

                                  Liabilities and Stockholders’ Equity                             

Current liabilities

 

60,000

Long-term liabilities

 

85,000

Stockholders’ equity-common

 

  150,000

 

Total liabilities and stockholders’ equity

$295,000

 

 

 

 

                                                 Income Statement                                           

Net sales

 

$ 85,000

Cost of goods sold

 

   45,000

Gross margin

 

40,000

Operating expenses

 

15,000

Interest expense

 

   5,000

 

Net income

$ 20,000

 

 

 

 

 

Number of shares of common stock

 

6,000000

Market price of common stock

 

$20

Total dividends paid

 

$5,400

Cash provided by operations

 

$30,000

 

 

 

What is the dividend yield for this company?  Round your answer to one decimal point. A. 4.5%B. 9.0%C. 16.6%D. 22.2%

 

120. 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                                                  

Cash and short-term investments

 

$  40,000

Accounts receivable (net)

 

25,000

Inventory

 

20,000

Property, plant and equipment

 

  210,000

 

Total assets

$295,000

 

 

 

 

                                  Liabilities and Stockholders’ Equity                             

Current liabilities

 

60,000

Long-term liabilities

 

85,000

Stockholders’ equity-common

 

  150,000

 

Total liabilities and stockholders’ equity

$295,000

 

 

 

 

                                                 Income Statement                                           

Net sales

 

$ 85,000

Cost of goods sold

 

   45,000

Gross margin

 

40,000

Operating expenses

 

15,000

Interest expense

 

   5,000

 

Net income

$ 20,000

 

 

 

 

 

Number of shares of common stock

 

6,000000

Market price of common stock

 

$20

Total dividends paid

 

$5,400

Cash provided by operations

 

$30,000

 

 

 

What is the rate earned on common stockholders’ equity for this company?   Round your answer to one decimal point. A.       6.8%B.       13.3%C.       16.7%D.       23.3%

 

 

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