87. Stealth Company’s 2015 return on assets is:
a.7.1%.
b.7.8%.
c.13.5%.
d.44.7%.
88. Stealth Company’s 2015 profit margin is:
a.17.1%.
b.13.5%.
c.7.6%.
d.4.5%.
89. Stealth Company’s 2015 asset turnover is:
a.3.7 times.
b.2.8 times.
c.2.2 times.
d.0.5 times.
90. Stealth Company’s 2015 return on equity is:
a.17.1%.
b.14.0%.
c.12.6%.
d.7.1%.
Use the following information to answer the next ten questions:
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:
|
2015
|
2014
|
Accounts receivable
|
$ 80,000
|
$ 72,000
|
Inventory
|
84,000
|
70,000
|
Net sales
|
400,000
|
372,000
|
Cost of goods sold
|
254,000
|
216,000
|
Total assets
|
850,000
|
810,000
|
Total stockholders’ equity
|
500,000
|
450,000
|
Net income
|
75,000
|
56,000
|
91. TPX Company’s 2015 receivables turnover ratio is:
a.5.3 times.
b.5.6 times.
c.5.0 times.
d.0.2 times.
92. TPX Company’s 2015 average collection period is:
a.69 days.
b.65 days.
c.73 days.
d.1,825 days.
93. TPX Company’s 2015 inventory turnover is:
a.3.0 times.
b.5.2 times.
c.3.3 times.
d.3.6 times.
94. TPX Company’s 2015 average days in inventory is:
a.121.7 days.
b.70.2 days.
c.110.6 days.
d.101.4 days.
95. TPX Company’s 2015 debt to equity ratio is:
a.50.0%.
b.60.0%.
c.70.0%.
d.80.0%.
96. TPX Company’s 2015 gross profit ratio is:
a.57.5%.
b.36.5%.
c.63.5%.
d.60.0%.