Question
5) Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2. Year 2 Year 1 Cash $
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5) Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2.
Year 2 Year 1 Cash $ 37,600 $ 32,350 Short-term investments 91,000 60,500 Accounts receivable, net 86,000 80,000 Merchandise inventory 121,500 125,500 Prepaid expenses 12,200 9,800 Plant assets 388,500 338,500 Accounts payable 112,900 108,300 Net sales 711,500 676,500 Cost of goods sold 390,500 375,500 Multiple Choice
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3.09.
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1.90.
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2.98.
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2.01.
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2.28.
6) A corporation reported cash of $15,300 and total assets of $179,600 on its balance sheet. Its common-size percent for cash equals:
Multiple Choice
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6.52%.
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8.52%.
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13.90%.
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11.74%.
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20.42%.
7)Martinez Corporation reported Net sales of $770,000 and Net income of $137,000. The Profit margin is:
Multiple Choice
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562.0%.
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1.78%.
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5.62%.
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82.21%.
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17.79%.
8) A company reports basic earnings per share of $4.60, cash dividends per share of $1.80, and a market price per share of $65.30. The company's dividend yield equals:
Multiple Choice
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14.50%.
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6.90%.
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2.76%.
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2.78%.
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3.60%.
9) Selected current year company information follows:
Net income $ 17,753 Net sales 730,855 Total liabilities, beginning-year 101,932 Total liabilities, end-of-year 121,201 Total stockholders' equity, beginning-year 216,935 Total stockholders' equity, end-of-year 148,851 The return on total assets is (Do not round intermediate calculations.):
Multiple Choice
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2.48%.
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2.71%.
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2.29%.
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2.43%.
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6.03%.
10) Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year 2.
Year 2 Year 1 Net sales $ 480,000 $ 426,550 Cost of goods sold 276,600 250,420 Interest expense 10,000 11,000 Net income before tax 67,550 52,980 Net income after tax 46,350 40,200 Total assets 317,700 289,800 Total liabilities 179,900 167,600 Total equity 137,800 122,200 Multiple Choice
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16.8%.
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9.7%.
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14.1%.
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11.7%.
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33.6%.
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