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question 1 and will leave good rating!! question 2 question 3 question 4 question 5 question 6 question 7 Use the information below for Privett
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Use the information below for Privett Company to answer the question that follow. Privett Company Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses $ 30,000 35,000 7,000 25,000 40,000 72,000 100,000 75,000 36,000 20,000 400,000 2,000 Based on the data for Privett Company, what is the amount of working capital? Ca. $113,000 b. $39,000 c. $153,000 d. $213,000 Balance sheet and income statement data indicate the following: $803,000 Bonds payable, 10% (due in two years) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) 241,000 1,734,000 Income before income tax for year 317,000 Income tax for year 86,000 Common dividends paid 86,700 Preferred dividends paid 12,050 Based on the data presented, what is the times interest earned ratio (rounded to one decimal place)? ca. 5.0 b. 6.9 C. 3.0 d. 4.0 The following information is available for Jase Company: $25.00 Market price per share of common stock Earnings per share on common stock $1.25 Which of the following statements is correct? ca. The price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year. b. The price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year. c. The price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. d. The market price per share and the earnings per share are not statistically related to each other. A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $160,000 $10,000 20,000 $35 The company's earnings per share on common stock is ca. $7.50 b. $8.50 C. $13.33 d. $35.00 Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $515,205 198,066 Cost of goods sold during year Accounts receivable, beginning of year 43,407 Accounts receivable, end of year 51,639 Inventory, beginning of year 32,166 Inventory, end of year 44,662 ca. 18.6 b. 4.2 C. 13.4 d. 5.2 Assume the following sales data for a company: Current year $838,085 Preceding year 592,327 What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)? ca. 12.2% b. 29.3% c. 70.8% d. 41.5% Corporate annual reports typically do not contain a. management discussion and analysis b. an SEC statement expressing an opinion c. an auditor's report d. accompanying notesStep by Step Solution
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