Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with questions 6 to 10. Question 6 If a company wants to compare its financial performance with its competitor, when should the

I need help with questions 6 to 10.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Question 6 If a company wants to compare its financial performance with its competitor, when should the company consider using comprehensive income instead of net income in the ratio calculations? Not yet answered Marked out of 1.00 P Flag question Select one: O a. Comprehensive income should never be included in ratio calculation O b. Comprehensive income makes up a large portion of the income reported by the company 0 c. Comprehensive income should always be included in ratio calculation O d. Both the company and its competitor use IFRS Question 7 Not yet Average Accounts Receivable $2,000 answered Current Assets 5,000 Marked out of 1.00 Capital Assets 7,000 Current Liabilities 1,000 Flag question Long-term Liabilities 3,000 Credit Sales 10,000 Net Income 5,000 Use the figures above and assuming that all sales are on account, the Days Sales Outstanding is: Select one: a. 27.39 days O b. 73 days c. 50 days d. 20 days A corporation has a dividend yield of 20% and market price per share of $35.00. The cash dividends per common share was: Question 8 Not yet answered Select one: Marked out of 1.00 O a. 0.05% O b. $175 Flag question c. None of the available choices d. $7.00 Question 9 (in thousands) 2016 2015 Not yet answered Stockholders' Equity $35,479 $35,587 Preferred Equity $10,000 $10,000 Marked out of 1.00 Common Stock outstanding 750.2 777.9 P Flag question The book value per share for 2016 is Select one: a. $33.96 b. $13.09 c. $46.44 d. $25.44 Question 10 If a company has total equity of $1,000,000 and total liabilities of $500,000, what is its debt-to-equity ratio? Answered Select one: Marked out of 1.00 a. 3 P Flag question 0 b.2. O C. 0.5 O d. 1.2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Fundamental accounting principle

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st edition

1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587

More Books

Students also viewed these Accounting questions

Question

understand the critical role of ethics in decision making, and

Answered: 1 week ago

Question

Why would the planning group use 40% more mechanics than necessary?

Answered: 1 week ago