Question : 144. Refer to the following selected financial information from Frankle Corp. : 1257750

 

144. Refer to the following selected financial information from Frankle Corp. Compute the company’s working capital.

 

 

Current Assets

306,450

Plant assets

338,000

Current Liabilities

107,800

Net sales

676,000

Net Income

75,000

A. $536,650.B. $230,200.C. $568,200.D. $198,650.E. $231,450.

145. Refer to the following selected financial information from Frankle Corp. Compute the company’s current ratio.

 

 

Current assets

306,450

Plant assets

388,000

Current Liabilities

107,800

Net sales

676,000

Net Income

75,000

A. 6.44.B. 2.84.C. 6.27.D. 3.60.E. 1.44.

 

146. Refer to the following selected financial information from Dodge Company. Compute the company’s acid-test ratio.

 

 

Cash

$42,250

Short-term investments

60,000

Accounts receivable, net

79,500

Merchandise inventory

115,000

Prepaid expenses

9,700

Accounts payable

111,400

A. 2.75.B. 2.66.C. 0.92.D. 1.12.E. 1.63.

147. Refer to the following selected financial information from MarstonCompany. Compute the company’s accounts receivable turnover for Year 2.

 

Year 2

Year 1

Accounts receivable, net

86,500

82,750

Net sales

723,000

693,000

A. 8.36.B. 8.37.C. 4.78.D. 8.59.E. 8.54.

148. Refer to the following selected financial information from Marston Company. Compute the company’s days’ sales uncollected for Year 2.

 

Year 2

Year 1

Accounts receivable, net

86,500

82,750

Net sales

723,000

693,000

 

A. 43.9.B. 43.7.C. 46.2.D. 85.4.E. 42.7.

149. Refer to the following selected financial information from Graceworks Corp. Compute the company’s inventory turnover for Year 2.

 

Year 2

Year 1

Merchandise inventory

271,000

253,500

Cost of goods sold

486,400

433,100

A. 1.79.B. 1.71.C. 1.85.D. 0.93.E. 1.75.

150. Refer to the following selected financial information from Graceworks, Corp. Compute the company’s days’ sales in inventory for Year 2.

 

Year 2

Year 1

Merchandise inventory

271,000

253,500

Cost of goods sold

486,400

433,100

 

A. 203.4.B. 228.4.C. 179.5.D. 215.1.E. 113.3.

151. Refer to the following selected financial information from Shakley’s Incorporated. Compute the company’s profit margin for Year 2.

 

Year 2

Year 1

Net sales

$478,500

$426,250

Cost of goods sold

276,300

250,120

Interest expense

9,700

10,700

Net income before tax

67,250

52,680

Net income after tax

46,050

39,900

Total assets

317,100

288,000

Total liabilities

181,400

167,300

Total equity

135,700

120,700

A. 14.1%.B. 11.7%.C. 9.6%.D. 16.7%.E. 33.9%.

 

152. Refer to the following selected financial information from Shakley’s Incorporated. Compute the company’s return on total assets for Year 2.

 

Year 2

Year 1

Net sales

$478,500

$426,250

Cost of goods sold

276,300

250,120

Interest expense

9,700

10,700

Net income before tax

67,250

52,680

Net income after tax

46,050

39,900

Total assets

317,100

288,000

Total liabilities

181,400

167,300

Total equity

135,700

120,700

A. 9.6%.B. 15.2%.C. 2.6%.D. 22.2%.E. 14.5%.

 

153. Refer to the following selected financial information from Shakley’s Incorporated. Compute the company’s debt-to-equity ratio for Year 2.

 

Year 2

Year 1

Net sales

$478,500

$426,250

Cost of goods sold

276,300

250,120

Interest expense

9,700

10,700

Net income before tax

67,250

52,680

Net income after tax

46,050

39,900

Total assets

317,100

288,000

Total liabilities

181,400

167,300

Total equity

135,700

120,700

A. 1.75.B. 2.34. C. 0.75.D. 1.34.E. 2.63.

 

154. Refer to the following selected financial information from Shakley’s Incorporated. Compute the company’s times interest earned for Year 2.

 

Year 2

Year 1

Net sales

$478,500

$426,250

Cost of goods sold

276,300

250,120

Interest expense

9,700

10,700

Net income before tax

67,250

52,680

Net income after tax

46,050

39,900

Total assets

317,100

288,000

Total liabilities

181,400

167,300

Total equity

135,700

120,700

A. 6.9.B. 4.8. C. 5.8.D. 14.0.E. 7.9.

 

155. Refer to the following selected financial information from Graphics, Inc. Compute the company’s times interest earned.

 

 

Interest expense

9,100

Income tax expense

22,700

Net income after tax

56,500

A. 6.2.B. 2.5. C. 8.7.D. 9.7.E. 3.7.

156. Refer to the following selected financial information from Keller Company. Compute the company’s debt to equity for Year 2.

 

Year 2

Year 1

Total assets

327,800

301,000

Total liabilities

171,400

169,300

Total equity

156,400

131,700

A. 0.9.B. 1.1. C. 0.5.D. 1.9.E. 2.1.

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more