1) A company has total assets of $5,720,482, common stock of $2,153,333, retained earnings of $1,084,737. What is the company's equity ratio?

	43.40%
	56.60%
	33.50%
	37.64%
	81.04%

2) A company has total assets of $5,960,482.00, common stock of $2,237,777.00, retained earnings of $1,137,337. What is the company's debt ratio?

66.30%

37.54%

43.38%

50.82%

33.70%

3) Corona Company's balance sheet accounts follow:

At December 31	2014	2013	2012
Assets
Cash	$40,575	$45,877	$45,903
Accounts receivable, net	92,741	68,709	55,873
Merchandise inventory	109,827	88,205	60,816
Prepaid expenses	23,037	22,813	18,150
Plant assets, net	256,561	233,646	214,263
Total assets	$522,741	$459,250	$395,005
Liabilities and Equity
Accounts payable	$130,472	$89,549	$64,577
Long-term notes payable secured by mortgages on plant assets	108,205	110,233	92,757
Common stock, $10 par value	169,500	169,500	169,500
Retained earnings	114,564	89,968	68,171
Total liabilities and equity	$522,741	$459,250	$395,005

What is Corona Company's days' sales uncollected ratio for 2014 assuming net sales and gross profit for the period were $1,409,942, $999,512 respectively?

	17.47
	20.52
	14.46
	17.79
	24.01

4) Selected comparative income statement amounts for a company are shown below. Using 2013 as the base year for a horizontal analysis, compute the account with the most significant change.

	2013	2014
Sales	$525,000	$708,750
General and administrative expenses	42,000	48,300
Interest expense	1,500	2,630
Miscellaneous expense	200	400

	Sales.
	General and administrative expenses.
	Interest expense.
	Miscellaneous expense.
	Cannot be determined from the given data.

5) Corona Company's balance sheet accounts follow:

At December 31	2014	2013	2012
Assets
Cash	$51,080	$56,387	$56,418
Accounts receivable, net	103,246	79,219	66,388
Merchandise inventory	120,332	98,715	71,331
Prepaid expenses	33,542	33,323	28,665
Plant assets, net	267,066	244,156	224,778
Total assets	$575,266	$511,800	$447,580
Liabilities and Equity
Accounts payable	$146,482	$105,559	$80,097
Long-term notes payable secured by mortgages on plant assets	124,215	126,243	108,277
Common stock, $10 par value	174,500	174,500	174,500
Retained earnings	130,069	105,498	84,706
Total liabilities and equity	$575,266	$511,800	$447,580

What is Corona Company's debt to equity ratio for 2013?

2.93

0.83

0.71

1.08

0.89

6) Corona Company's balance sheet accounts follow:

At December 31	2014	2013	2012
Assets
Cash	$63,686	$68,999	$69,036
Accounts receivable, net	115,852	91,831	79,006
Merchandise inventory	132,938	111,327	83,949
Prepaid expenses	46,148	45,935	41,283
Plant assets, net	279,672	256,768	237,396
Total assets	$638,296	$574,860	$510,670
Liabilities and Equity
Accounts payable	$165,694	$124,771	$98,721
Long-term notes payable secured by mortgages on plant assets	143,427	145,455	126,901
Common stock, $10 par value	180,500	180,500	180,500
Retained earnings	148,675	124,134	104,548
Total liabilities and equity	$638,296	$574,860	$510,670

What is Corona Company's accounts receivable turnover ratio for 2013, assuming net sales for the period were $1,682,049?

	16.20
	4.05
	18.32
	19.69
	15.11

7) A company had a market price of $11.75 per share, earnings per share of $1.76, and dividends per share of $0.77. Its price-earnings ratio is equal to:

	6.68
	15.26
	0.44
	0.215
	4.64