Question :
85. Wolfgang, Inc.Selected data from the financial statements of Wolfgang, : 1224806
85. Wolfgang, Inc.Selected data from the financial statements of Wolfgang, Inc. are presented below.
2012
2011
Net income
$ 150,000
$ 120,000
Cash dividends paid on common stock
42,000
38,000
Market price per share of common stock
15
14
Purchases of treasury stock
100,000
-0-
Common stockholders’ equity
1,780,000
1,637,000
Average number of common shares outstanding
104,000
95,000
Refer to the information presented above for Wolfgang, Inc. Wolfgang’s 2012 earnings per share is reported as A. $1.08 per shareB. $1.20 per shareC. $1.30 per shareD. $1.44 per share
86. Wolfgang, Inc.Selected data from the financial statements of Wolfgang, Inc. are presented below.
2012
2011
Net income
$ 150,000
$ 120,000
Cash dividends paid on common stock
42,000
38,000
Market price per share of common stock
15
14
Purchases of treasury stock
100,000
-0-
Common stockholders’ equity
1,780,000
1,637,000
Average number of common shares outstanding
104,000
95,000
Refer to the information presented above for Wolfgang, Inc. Wolfgang’s 2012 return on equity is reported as: A. 7.58%.B. 7.90%.C. 8.43%.D. 8.78%.
87. Wolfgang, Inc.Selected data from the financial statements of Wolfgang, Inc. are presented below.
2012
2011
Net income
$ 150,000
$ 120,000
Cash dividends paid on common stock
42,000
38,000
Market price per share of common stock
15
14
Purchases of treasury stock
100,000
-0-
Common stockholders’ equity
1,780,000
1,637,000
Average number of common shares outstanding
104,000
95,000
Refer to the information presented above for Wolfgang, Inc. Wolfgang’s 2012 dividend yield is reported as A. 2.69%.B. 2.80%.C. 26.67%.D. 28.00%.
88. Wolfgang, Inc.Selected data from the financial statements of Wolfgang, Inc. are presented below.
2012
2011
Net income
$ 150,000
$ 120,000
Cash dividends paid on common stock
42,000
38,000
Market price per share of common stock
15
14
Purchases of treasury stock
100,000
-0-
Common stockholders’ equity
1,780,000
1,637,000
Average number of common shares outstanding
104,000
95,000
Refer to the information presented above for Wolfgang, Inc. Wolfgang’s 2012 dividend payout ratio is reported as: A. 2.67%.B. 2.80%.C. 26.67%.D. 28.00%.
89. Ark, Inc.Selected data from the financial statements of Ark, Inc. are presented below.
2012
2011
Net income
$110,000
$123,000
Cash dividends paid on common stock
42,000
38,000
Market price per share of common stock
16.00
13.00
Average number of common shares outstanding
140,000
140,000
Refer to the information presented above for Ark, Inc. Ark’s 2012 dividend yield ratio is reported as: A. 1.87%.B. 2.12%.C. 36.30%.D. 38.18%.
90. Ark, Inc.Selected data from the financial statements of Ark, Inc. are presented below.
2012
2011
Net income
$110,000
$123,000
Cash dividends paid on common stock
42,000
38,000
Market price per share of common stock
16.00
13.00
Average number of common shares outstanding
140,000
140,000
Refer to the information presented above for Ark, Inc. Ark’s 2010 dividend payout ratio is reported as: A. 1.87%.B. 2.12%.C. 36.30%.D. 38.18%.
91. Max’s Tire Center CompanySelected data from the financial statements of Max’s Tire Center are provided below.
2012
2011
Total stockholders’ equity
$ 350,000
$ 278,000
Current liabilities
45,000
42,000
Total liabilities & stockholders’ equity
500,000
490,000
Cash flow from operations
350,000
290,000
Net sales
370,000
360,000
Capital expenditures
150,000
130,000
Refer to the selected data provided for Max’s Tire Center. Which of the following would result from a horizontal analysis of Max’s total stockholders’ equity in 2012? A. Total stockholders’ equity increased $72,000 or 25.9% during 2012.B. Total stockholders’ equity increased $72,000 or 29.5% during 2012.C. Total stockholders’ equity is 70.0% of total assets in 2012.D. Total liabilities & stockholders’ equity is $500,000 in 2012.
92. Max’s Tire Center CompanySelected data from the financial statements of Max’s Tire Center are provided below.
2012
2011
Total stockholders’ equity
$ 350,000
$ 278,000
Current liabilities
45,000
42,000
Total liabilities & stockholders’ equity
500,000
490,000
Cash flow from operations
350,000
290,000
Net sales
370,000
360,000
Capital expenditures
150,000
130,000
Refer to the selected data provided for Max’s Tire Center. Which of the following would result from a vertical analysis of Max’s total stockholders’ equity in 2012? A. Total stockholders’ equity increased $72,000 or 25.9% during 2012.B. The total of liabilities & stockholders’ equity is $500,000 in 2012.C. Total stockholders’ equity is 30% of total assets in 2012.D. Total stockholders’ equity is 70% of total liabilities & stockholders’ equity in 2012.
93. Fred’s Car Repair ServiceSelected data from the financial statements of Fred’s Car Repair Service are provided below.
2012
2011
Total stockholders’ equity
$ 350,000
$ 265,000
Current liabilities
75,000
72,000
Total liabilities & stockholders’ equity
600,000
590,000
Cash flow from operations
250,000
190,000
Net sales
570,000
560,000
Capital expenditures
110,000
60,000
Refer to the selected data provided for Fred’s Car Repair Service. Which of the following would result from a horizontal analysis of Fred’s total stockholders’ equity in 2012? A. Total stockholders’ equity is 45.0% of total liabilities and stockholders’ equity in 2012.B. Total stockholders’ equity increased $85,000 or 32.08% during 2012.C. Total stockholders’ equity is 50.0% of total assets in 2012.D. Total liabilities & stockholders’ equity increased by $85,000 in 2012.
94. Fred’s Car Repair ServiceSelected data from the financial statements of Fred’s Car Repair Service are provided below.
2012
2011
Total stockholders’ equity
$ 350,000
$ 265,000
Current liabilities
75,000
72,000
Total liabilities & stockholders’ equity
600,000
590,000
Cash flow from operations
250,000
190,000
Net sales
570,000
560,000
Capital expenditures
110,000
60,000
Refer to the selected data provided for Fred’s Car Repair Service. Which of the following would result from a vertical analysis of Fred’s total stockholders’ equity in 2012? A. Total stockholders’ equity increased $85,000 or 42.08% during 2012.B. The total of liabilities & stockholders’ equity is $600,000 in 2012.C. Total stockholders’ equity is 58.33% of total liabilities & stockholders’ equity in 2012.D. Total stockholders’ equity is 35.67% of total assets in 2012.
95. The stockholders’ equity accounts of Jamison Corporation include $37,500 of common stock with a par value of $0.50, and 5,000 shares of treasury stock with a total cost of $25,000. The total number of shares outstanding for Jamison Corporation are: A. 32,500 shares.B. 70,000 shares.C. 75,000 shares.D. 80,000 shares.
96. The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding? A. 40,000 sharesB. 70,000 sharesC. 50,000 sharesD. 60,000 shares
