Duke Company has income before income tax of $94,000, interest expense of $23,500, and total stockholders' equity of $94,000. Duke's times interest earned ratio is a 3.0 b. 5.0. Oc 1.3. d.0.3 oblem #3 of 16 1 Working capital is computed as a. Current Liabilities - Current Assets. b. Average Accounts Receivable + Sales. c. Current Assets - Current Liabilities. d. Current Assets + Current Liabilities. 2. 3 4 5 6 7 Problem #5 of 16 Based on the following data, what is the amount of quick assets? 1 2 3 4 VA Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Merchandise inventory Long-term investments Long term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses a. $176,100 b. 5173,900 C. $101,600 d. $65,400 $30,100 45,200 7,200 20,200 40,100 72.300 101,000 75.200 36,200 20,200 628,000 2,200 6 7 8 9 10 11 12 Assume the following sales data for a company: 1 Year 2 Year 1 $830,800 670,000 2 3 4 What is the percentage increase in sales from Year 1 to Year 2 (rounded to the nearest percent)? a. 19% 5.81% c. 124% d. 24% 5 7 1 In the annual report, where would a financial statement reader find out if the company's financial statements give a fair diction of its financial position and operating results? a Balance sheet Notes to the financial statements c. Management discussion and analysis section d. Report of independent Registered Accounting Problem as of 16 1 Dividends per share measures a the extent to which earnings are being reinvested in the company b. the extent to which earnings are being distributed to preferred shareholders. c. the extent to which earnings are being distributed to common shareholders. d. how high the company's earnings per share are 5 6 7 Problem 12 of 10 The balance sheets at the end of each of the first 2 years of operations indicate the following: 1 2 3 4 5 6 Year 2 Year 1 Total current assets 5631.000 5562.000 Total investments 62,000 41,000 Total property, plant and equipment 902.000 703.000 Total current liabilities 150,000 80,000 Total long-term liabilities 350.000 250,000 Preferred 9 stock, 5100 par 100,000 100.000 Common stock, 510 par 600,000 600,000 Paid in capital in excess of par-common stock 60,000 60,000 Retained earnings 330,000 210.000 Ir net income is $126,000 and interest expense is $32,000 for Year 2, what is the retum on total assets for Year 2? (Round percent to one decimal place.) a. 10.9% b. 93.0% Oc. 8,76 d. None of these choices are correct 7 8 9 10 11
