96.Refer to the information above. Noble's gross profit rate was:
A. 18%.
B. 46%.
C. 50%.
D. 54%.
97.Refer to the information above. Noble's operating income was:
A. $1,610.
B. $675.
C. $935.
D. $115.
98.Refer to the information above. Noble's return on assets was:
A. 2.6%.
B. 21%.
C. 26%.
D. 37%.
99.Refer to the information above. Noble's return on equity was:
A. 10%.
B. 13%.
C. 21%.
D. 1.73.
100.Assume that net sales are increasing faster than the rate of inflation, and that the company's gross profit rate is rising. Of the following, the most logical conclusion is that:
A. The company's cost of purchasing merchandise is rising rapidly.
B. Operating expenses are falling.
C. Demand for the company's products is very strong.
D. The company has achieved an increase in sales volume by reducing its sales prices.
101.Component percentages indicate the relative size of each item included in a total. Which of the following statements is true?
A. Income statement items are expressed as a percentage of net income, while balance sheet items are expressed as a percentage of total assets.
B. Income statement items are expressed as a percentage of net sales, while balance sheet items are expressed as a percentage of total assets.
C. Income statement items are expressed as a percentage of net income, while balance sheet items are expressed as a percentage of net assets.
D. Both income statement and balance sheet items are expressed as a percentage of net assets.
Given below are comparative balance sheets and an income statement for Namekagon
102.Refer to the information above. Namekagon Corporation's return on common stockholders' equity for 2015 is:
A. 9.9%.
B. 8.7%.
C. 5.9%.
D. 16.9%.
103.Refer to the information above. Namekagon Corporation's interest coverage ratio for 2015 is:
A. 1.45.
B. 1.69.
C. 2.45.
D. 4.92.
104.Refer to the information above. Namekagon Corporation's book value per share for 2015 is:
A. $7.32.
B. $10.58.
C. $21.16.
D. $3.14.
105.The price-earnings ratio is measured by dividing:
A. Book value by earnings per share.
B. Par value by earnings per share.
C. Market value by earnings per share.
D. Market value by total net income.