144. Refer to the following selected financial information from Frankle Corp. Compute the company’s working capital.
|
|
Current Assets
|
306,450
|
Plant assets
|
338,000
|
Current Liabilities
|
107,800
|
Net sales
|
676,000
|
Net Income
|
75,000
|
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 assets
|
306,450
|
Plant assets
|
388,000
|
Current Liabilities
|
107,800
|
Net sales
|
676,000
|
Net Income
|
75,000
|
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 investments
|
60,000
|
Accounts receivable, net
|
79,500
|
Merchandise inventory
|
115,000
|
Prepaid expenses
|
9,700
|
Accounts payable
|
111,400
|
A. 2.75.
B. 2.66.
C. 0.92.
D. 1.12.
E. 1.63.
147. Refer to the following selected financial information from MarstonCompany. Compute the company’s accounts receivable turnover for Year 2.
|
Year 2
|
Year 1
|
Accounts receivable, net
|
86,500
|
82,750
|
Net sales
|
723,000
|
693,000
|
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 2
|
Year 1
|
Accounts receivable, net
|
86,500
|
82,750
|
Net sales
|
723,000
|
693,000
|
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 2
|
Year 1
|
Merchandise inventory
|
271,000
|
253,500
|
Cost of goods sold
|
486,400
|
433,100
|
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 2
|
Year 1
|
Merchandise inventory
|
271,000
|
253,500
|
Cost of goods sold
|
486,400
|
433,100
|
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 2
|
Year 1
|
Net sales
|
$478,500
|
$426,250
|
Cost of goods sold
|
276,300
|
250,120
|
Interest expense
|
9,700
|
10,700
|
Net income before tax
|
67,250
|
52,680
|
Net income after tax
|
46,050
|
39,900
|
Total assets
|
317,100
|
288,000
|
Total liabilities
|
181,400
|
167,300
|
Total equity
|
135,700
|
120,700
|
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 2
|
Year 1
|
Net sales
|
$478,500
|
$426,250
|
Cost of goods sold
|
276,300
|
250,120
|
Interest expense
|
9,700
|
10,700
|
Net income before tax
|
67,250
|
52,680
|
Net income after tax
|
46,050
|
39,900
|
Total assets
|
317,100
|
288,000
|
Total liabilities
|
181,400
|
167,300
|
Total equity
|
135,700
|
120,700
|
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 2
|
Year 1
|
Net sales
|
$478,500
|
$426,250
|
Cost of goods sold
|
276,300
|
250,120
|
Interest expense
|
9,700
|
10,700
|
Net income before tax
|
67,250
|
52,680
|
Net income after tax
|
46,050
|
39,900
|
Total assets
|
317,100
|
288,000
|
Total liabilities
|
181,400
|
167,300
|
Total equity
|
135,700
|
120,700
|
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 2
|
Year 1
|
Net sales
|
$478,500
|
$426,250
|
Cost of goods sold
|
276,300
|
250,120
|
Interest expense
|
9,700
|
10,700
|
Net income before tax
|
67,250
|
52,680
|
Net income after tax
|
46,050
|
39,900
|
Total assets
|
317,100
|
288,000
|
Total liabilities
|
181,400
|
167,300
|
Total equity
|
135,700
|
120,700
|
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 expense
|
9,100
|
Income tax expense
|
22,700
|
Net income after tax
|
56,500
|
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 2
|
Year 1
|
Total assets
|
327,800
|
301,000
|
Total liabilities
|
171,400
|
169,300
|
Total equity
|
156,400
|
131,700
|
A. 0.9.
B. 1.1.
C. 0.5.
D. 1.9.
E. 2.1.