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.

 

 

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