Question
Excerpts from Stealth Company's December 31, 2015 and 2014, financial statements are presented below: 2015 2014 Accounts receivable $48,000 $37,000 Inventory 24,000 39,000 Net sales
Excerpts from Stealth Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $48,000 | $37,000 |
Inventory | 24,000 | 39,000 |
Net sales | 193,000 | 196,000 |
Cost of goods sold | 125,000 | 111,000 |
Total assets | 435,000 | 413,000 |
Total stockholders' equity | 244,000 | 235,000 |
Net income | 38,500 | 34,000 |
Stealth Company's 2015 inventory turnover is: (Round your answer to 2 decimal places):
6.13 times | |
5.21 times | |
8.10 times | |
3.97 times
|
Excerpts from Stealth Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $47,000 | $42,000 |
Inventory | 37,000 | 41,000 |
Net sales | 191,000 | 189,000 |
Cost of goods sold | 120,000 | 120,000 |
Total assets | 433,000 | 417,000 |
Total stockholders' equity | 248,000 | 235,000 |
Net income | 35,000 | 37,000 |
Stealth Company's 2015 profit margin is: (Round your answer to 1 decimal place):
21.0%. | |
18.3%. | |
8.1%. | |
14.1%.
|
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $84,000 | $80,000 |
Inventory | 90,000 | 79,000 |
Net sales | 420,000 | 376,000 |
Cost of goods sold | 263,000 | 223,000 |
Total assets | 820,000 | 755,000 |
Total stockholders' equity | 510,000 | 455,000 |
Net income | 74,000 | 51,000 |
TPX Company's 2015 return on equity is (Round your answer to 1 decimal place):
15.3%. | |
3.1%. | |
14.5%. | |
1.5%.
|
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.
Current liabilities | $183 | Income before interest and taxes | $133 |
10% Bonds, long-term | 363 | Interest expense | 48 |
Total liabilities | 546 | Income before tax | 85 |
Shareholders' equity | Income tax | 36 | |
Capital stock | 216 | Net income | $ 49 |
Retained earnings | 293 | ||
Total shareholders' equity | 509 | ||
Total liabilities and equity | $1,055 |
HHF's times interest earned ratio is (Round your answer to 2 decimal places):
1.77 times | |
1.02 times | |
2.77 times | |
7.56 times
|
Excerpts from TPX Company's December 31, 2015 and 2014, financial statements are presented below:
2015 | 2014 | |
Accounts receivable | $89,000 | $75,000 |
Inventory | 88,000 | 78,000 |
Net sales | 470,000 | 384,000 |
Cost of goods sold | 257,000 | 217,000 |
Total assets | 820,000 | 760,000 |
Total stockholders' equity | 510,000 | 415,000 |
Net income | 78,000 | 59,000 |
TPX Company's 2015 return on assets is (Round your answer to 1 decimal place):
1.5%. | |
9.5%. | |
.3%. | |
9.9%.
|
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