22 Net sales divided by average accounts receivable is the: Answer Days' sales uncollected. Average accounts receivable ratio. Current ratio. Profit margin. Accounts receivable turnover ratio. 1 points Question 23 Net income divided by net sales is the: Answer Return on total assets. Profit margin. Current ratio. Total asset turnover. Days' sales in inventory. 1 points Question 24 Annual cash dividends per share divided by market price per share is the: Answer Price-earnings ratio Price-dividends ratio. Profit margin. Dividend yield ratio. Earnings per share. 1 points Question 25 The average number of times a company's inventory is sold during an accounting period, calculated by dividing cost of goods sold by the average inventory balance, is the: Answer Accounts receivable turnover. Inventory turnover. Days' sales uncollected. Current ratio. Price earnings ratio. 1 points Question 26 A company had a market price of $37.50 per share, earnings per share of $1.25, and dividends per share of $0.40. Its price-earnings ratio equals: Answer 3.1. 30.0. 93.8. 32.0. 3.3. 1 points Question 27 A company reports basic earnings per share of $3.50, cash dividends per share of $0.75, and a market price per share of $64.75. The company's dividend yield equals: Answer 1.16%. 2.14%. 4.67%. 5.41%. 18.50%