1.A companys comparative balance sheet show total assets of $1,190,000 and $985,000, for the current and prior years, respectively. The percentage change to be reported in the horizontal analysis is an increase of:

A.10%.

B.17%.

C.9%

D.21%.

2.Company X has net sales revenue of $1,320,000, cost of goods sold of $760,700, and all other expenses of $297,000. The beginning balance of stockholders' equity is $407,000 and the beginning balance of fixed assets is $368,000. The ending balance of stockholders' equity is $607,000 and the ending balance of fixed assets is $396,000. The fixed asset turnover ratio is closest to:

A.1.00

B.0.54

C.1.25

D.3.46

3.Vesuvius Company has net sales revenue of $793,000, cost of goods sold of $349,700,net income of $193,200, and preferred dividends of $16,500 during the current year. At the beginning of the year, 477,000 shares of common stock were outstanding, and, at the end of the year, 550,000 shares of common stock were outstanding.A total of 7,500 preferred shares were outstanding throughout the year. The companys earnings per share for the current year is closest to:

A.$0.93.

B.$0.34.

C.$0.86.

D.$1.45.

4.

4.A company has earnings per share of $3.10, it paid a dividend of $2.40 per share, and the market price of the company's stock is $64 per share. The price/earnings ratio is closest to: (Round your answer to 2 decimal places.)

A.1.29.

B.91.43.

C.20.65.

D.9.60.

5.A company has $75,000 of inventory at the beginning of the year and $68,000 at the end of the year. Sales revenue is $1,135,500, cost of goods sold is $705,500, and net income is $140,700 for the year. The inventory turnover ratio is closest to:

A.5.5

B.15.9

C.4.7

D.9.9

6.A company has $74,000 in inventory at the beginning of the accounting period and $67,000 at the end of the accounting period. Sales revenue is $1,199,500, cost of goods sold is $753,500, and net income is $146,700 for the accounting period. On average, the number of days to sell inventory is approximately:

A.58 days.

B.34 days.

C.21 days.

D.175 days.

7.A company has current assets of $540,000 and a current ratio is 3.40. Assume that the company prepays rent for 9 months in the amount of $29,000. The current ratio after this transaction is closest to:

A.4.16.

B.3.58.

C.3.40.

D.3.22.

8.Kirk Furniture Company had net Accounts Receivable of $940,000 at the beginning of the year and $1,020,000 at the end of the year. Net Sales Revenue for 2010 was $6,690,000. What is the days to collect from customers?

A.55.65 days

B.51.29 days

C.53.47 days

D.68.21 days

9.Company X has net sales revenue of $456,000, cost of goods sold of $345,000, and net income of $20,000. If interest expense is $10,100 and income tax expense is $1,100, the times interest earned ratio is closest to:

rev: 05_03_2016_QC_CS-50697

A.3.10

B.2.09

C.0.06

D.2.98

10.What is the gross profit percentage for the current year (rounded to the nearest whole percent)?

A.61%.

B.76%

C.31%

D.24%

The following information is taken from the financial statements of a company for the current year:

Current assets	$400,000
Total assets	895,000
Cost of good sold	655,000
Gross Profit	205,000
Net income	125,000