97. TPX Company’s 2015 return on assets is:
a.48.2%.
b.9.3%.
c.8.8%.
d.9.0%.
98. TPX Company’s 2015 profit margin is:
a.18.8%.
b. 9.0%.
c.19.4%.
d.15.1%.
99. TPX Company’s 2015 asset turnover is:
a.3.7 times.
b.2.8 times.
c.2.2 times.
d.0.5 times.
100. TPX Company’s 2015 return on equity is:
a.16.7%.
b.15.0%.
c.15.8%.
d.21.4%.
101. Given the information below, what is the company’s gross profit?
Sales Revenue
|
$320,000
|
Accounts Receivable
|
$50,000
|
Ending Inventory
|
$100,000
|
Cost of Goods Sold
|
$250,000
|
Sales Returns
|
$20,000
|
a.
|
$250,000.
|
b.
|
$70,000.
|
c.
|
$220,000.
|
d.
|
$50,000.
|
102. Return on assets equals:
a.Gross profit ratio x Inventory turnover.
b.Profit margin x Inventory turnover.
c.Gross profit ratio x Asset turnover.
d.Profit margin x Asset turnover.
103. Nerf Mania reports net income of $500,000, net sales of $4,000,000, and average assets of $2,000,000. The return on assets is:
a. 200%.
b. 25%.
c. 50%.
d. 12.5%.
104. Nerf Mania reports net income of $500,000, net sales of $4,000,000, and average assets of $2,000,000. The profit margin is:
a. 12.5%.
b. 25%.
c. 50%.
d. 8 times
105. Nerf Mania reports net income of $500,000, net sales of $4,000,000, and average assets of $2,000,000. The asset turnover is:
a. 0.25 times.
b. 0.5 times.
c. 2 times.
d. 8 times.
106. Richard’s Sporting Goods reports net income of $100,000, net sales of $500,000, and average assets of $1,000,000. The return on assets is:
a. 10%.
b. 20%.
c. 50%.
d. 5 times.