11/ Refer to the following selected financial information from Graceworks, Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.)

	Year 2		Year 1
Merchandise inventory	277,000		259,500
Cost of goods sold	480,400		427,100

Multiple Choice

210.5.

236.7.

221.8

197.2

215.8

12/ Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for cost of goods sold using 2016 as the base.

	2017			2016
Net sales	$	279,200		$	232,000
Cost of goods sold		151,300			130,190
Operating expenses		54,640			52,640
Net earnings		28,620			20,420

Multiple Choice

36.1% for 2017 and 40.4% for 2016.

66.0% for 2017 and 64.6% for 2016.

54.2% for 2017 and 56.1% for 2016.

120.3% for 2017 and 100.0% for 2016.

116.2% for 2017 and 100.0% for 2016.

13/ A corporation reported cash of $28,000 and total assets of $466,000 on its balance sheet. Its common-size percent for cash equals:

Multiple Choice

16.64%.

60.10%.

100.00%.

6.01%.

1664%.

14/ Refer to the following selected financial information from Shakley's Incorporated. Compute the company's times interest earned for Year 2.

	Year 2		Year 1
Net sales		$ 479,500		$ 426,450
Cost of goods sold		276,500		250,320
Interest expense		9,900		10,900
Net income before tax		67,450		52,880
Net income after tax		46,250		40,100
Total assets		317,500		289,200
Total liabilities		180,400		167,500
Total equity		137,100		121,700

Multiple Choice

7.8.

4.7.

5.7.

6.8.

13.8.

15/ A company had a market price of $39.10 per share, earnings per share of $2.05, and dividends per share of $1.20. Its price-earnings ratio equals:

Multiple Choice

22.3.

19.1.

25.1.

21.1.

17.1.