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Exam 13: Measuring and Evaluating Financial Performance

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Question 51

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Company X has net sales revenue of $780,000, cost of goods sold of $343,200 and all other expenses of $327,600 for the current year. At the beginning of the year, 503,000 shares of common stock were outstanding, And, at the end of the year, 537,000 shares of common stock were outstanding. The basic EPS for the company is:

A) $1.50
B) $0.84
C) $0.21
D) $0.87

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Question 52

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A trend analysis to determine a year-to-year dollar amount change is calculated by:

A) subtracting the previous period amount from the current amount.
B) subtracting the current period amount from the previous period amount.
C) subtracting the current period amount from the previous period amount and then dividing the result by the previous period amount.
D) subtracting the previous period amount from the current period amount and then dividing the result by the

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Question 53

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If you wish to examine how one aspect of a business is doing relative to other aspects of the business at the current time, you are most likely to use:

Which of the following ratios is a solvency ratio?

Which of the following statements regarding nonrecurring and other special items is true?

Net sales divided by average total assets is the calculation for which of the following ratios?

The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue in 2011 was $13,700,300. Calculate the following: A) Receivables turnover ratio assuming all Pelican's sales are made on account. B) Receivables turnover ratio assuming 20% of sales are made as cash sales. C) Current ratio as of December 31, 2011. D) Debt to assets ratio as of December 31, 2011.

What is the current ratio for 2012?

A company has a debt to assets ratio of .45. If the company then borrows cash from the bank to finance a building acquisition, which of the following is a true statement?

Which of the following ratios is calculated by dividing liquid assets by current liabilities?

A company has current assets of $450,000 and a current ratio is 2.5. Assume that the company prepays rent for 9 months in the amount of $20,000. What is the amount of the current ratio after t his transaction?

Company X has net sales revenue of $1,250,000, cost of goods sold of $760,000, and all other expenses of $290,000. The beginning balance of stockholders' equity is $400,000 and the beginning balance of fixed assets Is $361,000. The ending balance of stockholders' equity is $600,000 and the ending balance of fixed assets is $389,000. What is the ROE ratio?

The price/earnings ratio at December 31, 2012 is:

Nonrecurring items reported separately on an income statement might include:

Which of the following is a profitability measure?

Limits on the application of accounting principles include the cost-benefit constraint.

A company has $72,500 of inventory at the beginning of the year and $65,500 at the end of the year. Sales revenue is $986,400, cost of goods sold is $572,700, and net income is $124,200 for the year. The inventory turnover ratio is:

Which of the following is generally the most useful in analyzing companies of different size?

On a common size income statement for this year, what is the percentage that would be shown for cost of goods sold?

If an analyst wants to examine a company's short-run ability to survive, which of the following would best be considered?