77. The acid-test ratio is:
a.0.25.
b.0.88.
c.1.17.
d.1.58.
78. The debt to equity ratio is:
a.0.33.
b.0.77.
c.1.17.
d.1.30.
Use the following information to answer the next two questions:
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.
Current liabilities
|
$ 180
|
|
Income before interest and taxes
|
$ 125
|
10% Bonds, long-term
|
360
|
|
Interest expense
|
36
|
Total liabilities
|
540
|
|
Income before tax
|
89
|
Stockholders’ equity
|
|
|
Income tax
|
27
|
Common stock
|
200
|
|
Net income
|
$ 62
|
Retained earnings
|
280
|
|
|
|
Total stockholders’ equity
|
480
|
|
|
|
Total liabilities and equity
|
$1,020
|
|
|
|
|
|
|
|
|
79. HHF's debt to equity ratio is:
a.0.75.
b.1.13.
c.0.38.
d.1.80.
80. HHF's times interest earned ratio is:
a.3.47.
b.1.72.
c.2.47.
d.10.0.
Excerpts from Stealth Company's December 31, 2015 and 2014, financial statements are presented below:
|
2015
|
2014
|
Accounts receivable
|
$ 40,000
|
$ 36,000
|
Inventory
|
28,000
|
35,000
|
Net sales
|
190,000
|
186,000
|
Cost of goods sold
|
114,000
|
108,000
|
Total assets
|
425,000
|
405,000
|
Total stockholders’ equity
|
240,000
|
225,000
|
Net income
|
32,500
|
28,000
|
81. Stealth Company’s 2015 receivables turnover ratio is:
a.2.85.
b.4.70.
c.5.00.
d.10.63.
82. Stealth Company’s 2015 average collection period is:
a.73 days.
b.104 days.
c.109 days.
d.128 days.
83. Stealth Company’s 2015 inventory turnover is:
a.3.62 times.
b.3.96 times.
c.4.07 times.
d.6.03 times.
84. Stealth Company’s 2015 average days in inventory is:
a.60.5 days.
b.92.2 days.
c.100.8 days.
d.89.7 days.
85. Stealth Company’s 2015 debt to equity ratio is:
a.77.1%.
b.80.0%.
c.40.0%.
d.60.0%.
86. Stealth Company’s 2015 gross profit ratio is:
a.77.1%.
b.80.0%.
c.40.0%.
d.60.0%.