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Exam 18: Analyzing Financial Statements

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Question 171

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Brown Company has net income of $125,000.Its net sales were $1,739,000 and its average total assets were $2,750,000.Its total asset turnover was 4.5%.

A) True
B) False

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Question 172

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The days' sales uncollected ratio is calculated by dividing accounts receivable by net sales and multiplying the answer by 365.

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B) False

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Question 173

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Total asset turnover is calculated by dividing average total assets by net sales.

A component of operating efficiency and profitability,calculated by expressing net income as a percentage of net sales,is the:

The acid-test ratio is current assets divided by current liabilities.

Return on common shareholders' equity _______________ when the expected rate of return from new assets is greater than the rate of interest on the related debt.

The days' sales uncollected ratio is used to:

Profit margin reflects the percent of net income in each dollar of net sales.

Income statement information for calendar 2015 for Sweet Treat Corp is presented below: Calculate times interest earned for 2015.

Chevron paid $2.10 in common dividends per share.Its earnings per share was $5.40,while its market price was $120 per share.The dividend yield was 38.9%

Quickcom has net sales of $135,000 and average accounts receivable of $67,000.What is the accounts receivable turnover for the period?

The comparative financial statements for Catch Corp are presented below: Calculate pledged assets to secured liabilities for Year 2.