A corporation has 6,000 shares of common stock outstanding. The net income for the year is $250,000. Calculate earnings per share.

$50

$40

$41.66

$125

Peartree Inc. provides the following data:

	2015	2014
Cash	$40,000	$25,000
Accounts Receivable, Net	98,000	62,000
Merchandise Inventory	70,000	50,000
Property, Plant, and Equipment, Net	180,000	120,000
Total assets	$388,000	$257,000

Net sales	$500,000
Cost of Goods Sold	150,000
Interest expense	20,000
Net income	180,000

Calculate the return on total assets for the year 2015.

67.25%

62.02%

72.36%

65.00%

Below is budgeted production and sales information for Fiesta Company for the month of December:

	Product XXX	Product ZZZ
Estimated beginning inventory	30,000 units	18,000 units
Desired ending inventory	32,000 units	15,000 units
Region I, anticipated sales	320,000 units	260,000 units
Region II, anticipated sales	190,000 units	130,000 units

The unit selling price for product XXX is $6 and for product ZZZ is $15. Budgeted sales for the month are:

$7,592,000

$8,910,000

$5,580,000

$2,940,000

Below is budgeted production and sales information for Top Table Company for the month of December:

	Product W_	Product Y_
Estimated beginning inventory	40,000 units	13,000 units
Desired ending inventory	34,000 units	15,000 units
Region I, anticipated sales	310,000 units	160,000 units
Region II, anticipated sales	190,000 units	240,000 units

The unit selling price for product W is $7 and for product Y is $17. Budgeted production for the month for product W is:

494,000 units

506,000 units

540,000 units

534,000 units

Northwest Product sells a single product. Budgeted sales for the year are 640,000 units. Beginning inventory is 108,000 units. The desired ending inventory is 90,000 units. The quantities of direct materials expected to be used for each finished product are given below:

Material A .50 pound per unit @ $.60 per pound Material K 1.00 pound per unit @ $1.70 per pound Material L 1.20 pounds per unit @ $1.00 per pound

The budgeted dollar amount of direct material K used in production for the year is:

$1,057,400

$1,088,000

$1,241,000

$1,271,600

Northwest Product sells a single product. Budgeted sales for the year are 640,000 units. Beginning inventory is 108,000 units. The desired ending inventory is 90,000 units. The quantities of direct materials expected to be used for each finished product are given below:

Material A .50 pound per unit @ $.60 per pound Material K 1.00 pound per unit @ $1.70 per pound Material L 1.20 pounds per unit @ $1.00 per pound

The budgeted dollar amount of direct material K used in production for the year is:

$1,057,400

$1,088,000

$1,241,000

$1,271,600