1.A company had a market price of $38.10 per share, earnings per share of $1.55, and dividends per share of $0.70. Its price-earnings ratio equals: a) 27.8 b) 24.6 c) 30.6 d) 26.6 e) 23.0 2.Refer to the following selected financial information from Fennie's, LLC. Compute the company's working capital for Year 2. Year 2 Year 1 Cash $ 38,400 $ 33,150 Short-term investments 99,000 64,500 Accounts receivable, net 90,000 84,000 Merchandise inventory 125,500 129,500 Prepaid expenses 13,000 10,600 Plant assets 392,500 342,500 Accounts payable 108,900 112,300 Net sales 715,500 680,500 Cost of goods sold 394,500 379,500 a) $158,000. b) $131,500. c) $244,000. d) $257,000. e) $167,000. 3.Refer to the following selected financial information from Fennie's, LLC. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 Cash $ 39,500 $ 34,250 Short-term investments 110,000 70,000 Accounts receivable, net 95,500 89,500 Merchandise inventory 131,000 135,000 Prepaid expenses 14,100 11,700 Plant assets 398,000 348,000 Accounts payable 103,400 117,800 Net sales 721,000 686,000 Cost of goods sold 400,000 385,000 a) 2.71. b) 3.64. c) 2.51. d) 2.37. e) 3.77. 4.Refer to the following selected financial information from Fennie's, LLC. Compute the company's accounts receivable turnover for Year 2. Year 2 Year 1 Cash $ 39,300 $ 34,050 Short-term investments 108,000 69,000 Accounts receivable, net 94,500 88,500 Merchandise inventory 130,000 134,000 Prepaid expenses 13,900 11,500 Plant assets 397,000 347,000 Accounts payable 104,400 116,800 Net sales 720,000 685,000 Cost of goods sold 399,000 384,000 a) 5.54 times b) 8.14 times c) 7.87 times d) 6.67 times e) 7.62 times 5.Refer to the following selected financial information from Fennie's, LLC. Compute the company's inventory turnover for Year 2. Year 2 Year 1 Cash $ 39,400 $ 34,150 Short-term investments 109,000 69,500 Accounts receivable, net 95,000 89,000 Merchandise inventory 130,500 134,500 Prepaid expenses 14,000 11,600 Plant assets 397,500 347,500 Accounts payable 103,900 117,300 Net sales 720,500 685,500 Cost of goods sold 399,500 384,500 a) 2.97. b) 3.61. c) 5.52. d) 3.06. e) 3.02. 6.Refer to the following selected financial information from Hansen's, LLC. Compute the company's profit margin for Year 2. Year 2 Year 1 Net sales $ 483,000 $ 427,150 Cost of goods sold 277,200 251,020 Interest expense 10,600 11,600 Net income before tax 68,150 53,580 Net income after tax 46,950 40,800 Total assets 318,900 293,400 Total liabilities 176,900 168,200 Total equity 142,000 125,200 a) 16.9%. b) 11.9%. c) 9.7%. d) 14.1%. e) 33.1%. 7. Refer to the following selected financial information from Hansen's, LLC. Compute the company's return on total assets for Year 2. Year 2 Year 1 Net sales $ 483,000 $ 427,150 Cost of goods sold 277,200 251,020 Interest expense 10,600 11,600 Net income before tax 68,150 53,580 Net income after tax 46,950 40,800 Total assets 318,900 293,400 Total liabilities 176,900 168,200 Total equity 142,000 125,200 a) 22.3%. b) 14.7%. c) 2.7%. d) 9.7%. e) 15.3%