Question :
144.Refer to the following selected financial information from Frankle Corp. : 1236540
144.Refer to the following selected financial information from Frankle Corp. Compute the company’s working capital.
Current Assets306,450
Plant assets338,000
Current Liabilities107,800
Net sales676,000
Net Income75,000
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 assets306,450
Plant assets388,000
Current Liabilities107,800
Net sales676,000
Net Income75,000
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 investments60,000
Accounts receivable, net79,500
Merchandise inventory115,000
Prepaid expenses9,700
Accounts payable111,400
A.2.75.
B.2.66.
C.0.92.
D.1.12.
E.1.63.
147.Refer to the following selected financial information from Marston Company. Compute the company’s accounts receivable turnover for Year 2.
Year 2Year 1
Accounts receivable, net86,50082,750
Net sales723,000693,000
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 2Year 1
Accounts receivable, net86,50082,750
Net sales723,000693,000
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 2Year 1
Merchandise inventory271,000253,500
Cost of goods sold486,400433,100
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 2Year 1
Merchandise inventory271,000253,500
Cost of goods sold486,400433,100
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 2Year 1
Net sales$478,500$426,250
Cost of goods sold276,300250,120
Interest expense9,70010,700
Net income before tax67,25052,680
Net income after tax46,05039,900
Total assets317,100288,000
Total liabilities181,400167,300
Total equity135,700120,700
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 2Year 1
Net sales$478,500$426,250
Cost of goods sold276,300250,120
Interest expense9,70010,700
Net income before tax67,25052,680
Net income after tax46,05039,900
Total assets317,100288,000
Total liabilities181,400167,300
Total equity135,700120,700
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 2Year 1
Net sales$478,500$426,250
Cost of goods sold276,300250,120
Interest expense9,70010,700
Net income before tax67,25052,680
Net income after tax46,05039,900
Total assets317,100288,000
Total liabilities181,400167,300
Total equity135,700120,700
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 2Year 1
Net sales$478,500$426,250
Cost of goods sold276,300250,120
Interest expense9,70010,700
Net income before tax67,25052,680
Net income after tax46,05039,900
Total assets317,100288,000
Total liabilities181,400167,300
Total equity135,700120,700
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 expense9,100
Income tax expense22,700
Net income after tax56,500
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 2Year 1
Total assets327,800301,000
Total liabilities171,400169,300
Total equity156,400131,700
A.0.9.
B.1.1.
C.0.5.
D.1.9.
E.2.1.
