Refer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2.

				Year 2			Year 1
Net sales				$	483,500		$	427,250
Cost of goods sold					277,300			251,120
Interest expense					10,700			11,700
Net income before tax					68,250			53,680
Net income after tax					47,050			40,900
Total assets					319,100			294,000
Total liabilities					176,400			168,300
Total equity					142,700			125,700
		5.4.
		13.3.
		4.4.
		7.4.
		6.4.

Mayan Company had net income of $36,520. The weighted-average common shares outstanding were 8800. The company has no preferred stock. The company's earnings per share is:

		$4.15.
		$5.00.
		$4.21.
		$1.17.
		$4.09.

Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 trend percentages for cost of goods sold using Year 1 as the base.

				Year 2			Year 1
Net sales				$	279,700		$	232,100
Cost of goods sold					151,200			130,290
Operating expenses					54,540			52,540
Net earnings					28,720			20,520
		54.1% for Year 2 and 56.1% for Year 1.
		116.0% for Year 2 and 100.0% for Year 1.
		120.5% for Year 2 and 100.0% for Year 1.
		66.2% for Year 2 and 64.6% for Year 1.
		36.1% for Year 2 and 40.3% for Year 1.

Q 4

The following data has been collected about Keller Company's stockholders' equity accounts:

Common stock $10 par value 30,000 shares authorized and 15,000 shares issued, 2000 shares outstanding	$150,000
Paid-in capital in excess of par value, common stock	60,000
Retained earnings	35,000
Treasury stock	25,000

Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:

		35,000.
		150,000.
		13,000.
		60,000.
		30,000.

A corporation declared and issued a 20% stock dividend on October 1. The following information was available immediately prior to the dividend:

Retained earnings	$	810,000
Shares issued and outstanding		66,000
Market value per share	$	21
Par value per share	$	5

The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

		$(66,000).
		$(277,200).
		$0.
		$66,000.
		$277,200.