Question : 71) Allied Industrial has net sales of $1,200,000, net income : 1232241

 

71) Allied Industrial has net sales of $1,200,000, net income of $85,000, average current assets of $53,000, average fixed assets of $184,000, and average total assets of $237,000. Allied Industrial’s fixed asset turnover ratio is:

A) 5.06.

B) 0.15.

C) 6.52.

D) 22.64.

72) Allied Industrial has net sales of $1,200,000, net income of $85,000, average current assets of $53,000, average fixed assets of $184,000, and average total assets of $237,000. Allied Industrial’s total asset turnover ratio is:

A) 22.64.

B) 0.20.

C) 6.52.

D) 5.06.

73) Allied Industrial has net sales of $1,200,000, net income of $85,000, average current assets of $53,000, average fixed assets of $184,000, and average total assets of $237,000. Allied Industrial’s return on assets is:

A) 35.9%.

B) 7.1%.

C) 46.2%.

D) 160.4%.

74) A measure of how well earnings support dividend payments is:

A) earnings per share.

B) dividend payout ratio.

C) dividends per share.

D) dividend yield.

75) The ratio of dividends to the average number of common shares outstanding is:

A) earnings per share.

B) dividend payout ratio.

C) dividends per share.

D) dividend yield.

76) National Equipment reported the following for 2012:

 

Net sales:

$345,000

Net income:

$29,600

Market price per share of common stock:

$35.50

Dividends:

$18,500

Average number of shares of common stock outstanding:

125,000

What are the dividends per share for National Equipment (to the nearest cent)?

A) $0.15/share

B) $0.24/share

C) $0.09/share

D) $0.28/share

77) National Equipment reported the following for 2012:

 

Net sales:

$345,000

Net income:

$29,600

Market price per share of common stock:

$35.50

Dividends:

$18,500

Average number of shares of common stock outstanding:

125,000

 

What is the dividend payout ratio for National Equipment?

A) 37.50%

B) 160.0%

C) 62.50%

D) 35.50%

78) River City, Inc. reported the following for 2012:

 

Net sales:

$220,000

Net income:

$37,000

Market price per share of common stock:

$28.75

Dividends:

$4,100

Average number of shares of common stock outstanding:

10,000

What are the dividends per share for River City, Inc. (to the nearest cent)?

A) $4.10/share

B) $28.75/share

C) $0.41/share

D) $3.70/share

79) River City, Inc. reported the following for 2012:

 

Net sales:

$220,000

Net income:

$37,000

Market price per share of common stock:

$28.75

Dividends:

$4,100

Average number of shares of common stock outstanding:

10,000

 

What is the dividend payout ratio for River City, Inc.?

A) 41.0%

B) 11.1%

C) 28.5%

D) 1.9%

80) Inland Equipment reported the following for 2012:

 

Earnings/share of

$19.23

Market price per share of common stock:

$67.00

Number of shares of common stock outstanding:

75,000

Net income:

$54,000

Dividends/share:

$6.73

 

What is the price earnings ratio for Inland Equipment (rounded to two decimals)?

A) 9.96

B) 0.28

C) 2.85

D) 3.48