134.Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 common size percentages for operating expenses using Net sales as the base.
20152014
A. 36.4% for 2015 and 41.1% for 2014.
B. 55.0% for 2015 and 56.0% for 2014.
C. 23.9% for 2015 and 23.0% for 2014.
D. 103.8% for 2015 and 100.0% for 2014.
E. 20.0% for 2015 and 23.0% for 2014.
135.Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 trend percentages for net sales using 2014 as the base.
20152014
A. 36.4% for 2015 and 41.1% for 2014.
B. 55.0% for 2015 and 56.0% for 2014.
C. 119.4% for 2015 and 100.0% for 2014.
D. 117.2% for 2015 and 100.0% for 2014.
E. 65.1% for 2015 and 64.6% for 2014.
2015: $276,200/$231,400 * 100 = 119.4%
2014: $231,400/$231,400 * 100 = 100.0%
136.Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 trend percentages for cost of goods sold using 2014 as the base.
20152014
A. 36.4% for 2015 and 41.1% for 2014.
B. 55.0% for 2015 and 56.0% for 2014.
C. 119.4% for 2015 and 100.0% for 2014.
D. 117.2% for 2015 and 100.0% for 2014.
E. 65.1% for 2015 and 64.6% for 2014.
2015: $151,900/$129,590 * 100 = 117.2%
2014: $129,590/$129,590 * 100 = 100.0%
137.Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for Year 2.
A. $232,700.
B. $220,600.
C. $147,200.
D. $111,700.
E. $142,700.
138.Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2.
A. 2.26.
B. 1.98.
C. 2.95.
D. 3.05.
E. 1.88.
139.Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2.
A. 2.26.
B. 1.98.
C. 2.95.
D. 3.05.
E. 1.88.
140.Refer to the following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover for Year 2.
A. 8.62.
B. 8.28.
C. 8.94.
D. 5.78.
E. 7.90.
141.Refer to the following selected financial information from McCormik, LLC. Compute the company's inventory turnover for Year 2.
A. 4.72.
B. 4.33.
C. 3.28.
D. 5.78.
E. 3.86.
142.Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales uncollected for Year 2.
A. 43.9.
B. 42.3.
C. 46.2.
D. 80.0.
E. 113.3.
143.Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales in inventory for Year 2.
A. 43.9.
B. 42.3.
C. 46.2.
D. 80.0.
E. 113.3.