Which of the following is considered a signal of success for a just-in-time (JIT) manufacturing company?

a.Low quality costs

b.A high inventory turnover ratio

c.A low quick ratio

d.A high current ratio

Which of the following ratios provides insights into the capital structure used by a company to finance its assets?

a.Debt-to-equity ratio

b.Return on total assets

c.Return on stockholders' equity

d.Acid-test ratio

The cost of goods sold of Beata Company is $730,000 during the year. The beginning and ending balances of inventory of Beata Company are as follows:

	January 1	December 31
Inventories	$110,000	$240,000

Calculate the inventory turnover ratio of Beata Company. (Round your answer to two decimal places.)

a.2.07 times

b.3.69 times

c.4.17 times

d.5.97 times

Arctic Company showed the following balances for the previous year:

	January 1	December 1
Stockholders' equity:
Common stock, $5 par	$6,000,000	$6,000,000

In the previous year, Arctic Company paid $1,470,000 dividends to its common stockholders and the market price per share of common stock was $23. Calculate the dividend yield for Arctic Company. (Round your answer to two decimal places.)

a.17%

b.4%

c.10%

d.5%