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1. A company had net income of 300,000 and paid dividends to ordinary shareholders of 40,000 in 2017. The weighted average number of shares outstanding

1.

A company had net income of 300,000 and paid dividends to ordinary shareholders of 40,000 in 2017. The weighted average number of shares outstanding in 2017 was 60,000 shares. Company's ordinary shares are selling for 35 per share on the New York Stock Exchange.Company's payout ratio for 2017 is

13%.

$4.33 per share.

7.5%.

12%.

2.

Net sales are $6,000,000, beginning total assets are $2,800,000, and the asset turnover is 3.0 times. What is the ending total asset balance?

$2,800,000

$3,200,000

$2,000,000

$1,200,000

3.A company has an accounts receivable turnover of 10 times. The average net accounts receivable during the period are 700,000,000. What is the amount of net credit sales for the period?

700,000,000

7,000,000,000

Cannot be determined from the information given

70,000,000

4.

Using the information provided, calculate net income: Cost of goods sold $760,000, Net sales $1,350,000, Operating expenses $279,000, Interest expense $63,000, Dividend revenue $38,000, Loss from employee strike $233,000.

53,000

590,000

116.000

311,000

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