Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

D Question 1 2 pts The following information pertains to Newman Company. Assume that all balance sheet amounts represent both average and ending balance figures.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
D Question 1 2 pts The following information pertains to Newman Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit Cash and short-term $40,000 Accounts receivable 30000 25.000 Property, plant and 215000 Total Assets 310.000 Current liabilities Long-term liabilities95,000 Total Liabilities and $310.000 stockholders' equity Cost of goods sold 5.000 Gross margin Operating expenses Net income Number of shares of 6,000000 common stock Market price of common stock Dividends per share Cash provided by$40,000 What is the rate earned on total assets for this company? 8.1% 68% 10.5% o 16.1% o 16.1% D Question 2 2 pts The following information pertains to Auburn Company.Assume that all balance sheet amounts represent both average and ending balance figures. Assume thait all sales were on credit ects Cash and short-term $ 40000 investments Accounts receivable 30,000 (net) 25.000 Property, plant and 20 Total Assets$375000 Current liabilities 60000 Long-term abilaties95.000 Stockholders equity 220000 Total Liabilieies and $375.000 stockholders' equity Sales Cost of goods sold Gross margin 90000 45090 45.000 Operating expenses 10000 Net income Number of shares of6.000000 common stock Market price of common stock Dividends per share Cash provided by$40000 1.00 What is the rate earned on stockholders equity? Round answer to a single decima point O 93% 159% 0240% Question 3 2 pts The following information pertains to Brock Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit Cash and short40,000 term investments Accounts receivable 30,000 Property, plant and215.000 Total Assets 310.000 Current liabilities 60,000 Long-term Stockholders0 equity-common Total Liabilities $310.000 and stockholders Cost of goods sold Gross margin Net income Number of shares f 6,000 common stock Market price of common stock What is the current ratio for this company O 142 0 078 O 158 O 067 Question 4 2 pts The following information is available for Dorman Company: 2014 Dividends per share $1.44 of common stock Market price per share of common 24.00 stock Which of the following statements is correct? O The dividend yield is 6.0%, which is of interest to investors seeking an increase in market price of their stocks. The dividend yield is 60%, which is of special interest to investors seeking to earn revenue on their investments. O The dividend yield is 16.7%, which is of interest to bondholders O The dividend yield is 16.7% which is an important measure of solvency. Question 5 2 pts Which of the following is not included in the computation of the quick ratio? O inventory O marketable securities accounts receivable O cash

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions