1. Company X has net sales revenue of $1,390,000, cost of goods sold of $761,400, and all other expenses of $304,000. The beginning balance of stockholders' equity is $414,000 and the beginning balance of fixed assets is $375,000. The ending balance of stockholders' equity is $614,000 and the ending balance of fixed assets is $403,000. The fixed asset turnover ratio is closest to:

1.61

0.54

1.31

3.57

2. Vesuvius Company has net sales revenue of $798,000, cost of goods sold of $352,200,net income of $223,200, and preferred dividends of $19,000 during the current year. At the beginning of the year, 467,000 shares of common stock were outstanding, and, at the end of the year, 555,000 shares of common stock were outstanding.A total of 10,000 preferred shares were outstanding throughout the year. The companys earnings per share for the current year is closest to:

$0.95.

$1.43.

$0.87.

$0.40.

3. A company has earnings per share of $1.30, it paid a dividend of $0.60 per share, and the market price of the company's stock is $46 per share. The price/earnings ratio is closest to: (Round your answer to 2 decimal places.)

65.71.

2.17.

2.40.

35.38.

4. A company has $71,500 of inventory at the beginning of the year and $64,500 at the end of the year. Sales revenue is $1,023,500, cost of goods sold is $621,500, and net income is $130,200 for the year. The inventory turnover ratio is closest to:

5.4

15.1

6.5

9.1

5. A company has $70,500 in inventory at the beginning of the accounting period and $63,500 at the end of the accounting period. Sales revenue is $991,500, cost of goods sold is $597,500, and net income is $127,200 for the accounting period. On average, the number of days to sell inventory is approximately:

41 days.

62 days.

25 days.

192 days.

6. A company has current assets of $640,000 and a current ratio is 4.40. Assume that the company prepays rent for 9 months in the amount of $39,000. The current ratio after this transaction is closest to:

4.67.

6.01.

4.40.

4.13.

7. Kirk Furniture Company had net Accounts Receivable of $920,000 at the beginning of the year and $1,010,000 at the end of the year. Net Sales Revenue for 2010 was $6,670,000. What is the days to collect from customers?

67.37 days

50.34 days

55.27 days

52.81 days

8. Company X has net sales revenue of $556,000, cost of goods sold of $355,000, and net income of $105,000. If interest expense is $10,600 and income tax expense is $1,600, the times interest earned ratio is closest to:

11.10

0.02

10.06

10.91