Reference no: EM132599172

Question 1: Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2.

                                                   Year 2                     Year 1

Cash                                     $37,800              $32,550

Short-term investments               93,000               61,500

Accounts receivable, net                87,000                 81,000

Merchandise inventory                     122,500               126,500

Prepaid expenses                          12,400                     10,000

Plant assets                                   389,500                       339,500

Accounts payable                          111,900                       109,300

Net sales                                        712,500                            677,500

Cost of goods sold                               391,500                            376,500

Question 2: Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for operating expenses using Net sales as the base.

                                     2017                       2016

Net sales                $407,400             $333,800

Cost of goods sold 187,900           132,710

Operating expenses 68,440                     65,960

Net earnings             34,540                  24,540

Question 3: A company reports basic earnings per share of $3.80, cash dividends per share of $1.40, and a market price per share of $64.90. The company's dividend yield equals:

Question 4: Jones Corp. reported current assets of $202,500 and current liabilities of $144,500 on its most recent balance sheet. The current assets consisted of $59,800 Cash; $40,300 Accounts Receivable; and $102,400 of Inventory. The acid-test (quick) ratio is:

Question 5: A corporation reported cash of $14,900 and total assets of $179,200 on its balance sheet. Its common-size percent for cash equals:

Question 6: Selected current year company information follows:

Net income$17,753

Net sales 730,855

Total liabilities, beginning-year 101,932

Total liabilities, end-of-year 121,201

Total stockholders' equity, beginning-year 216,935

Total stockholders' equity, end-of-year 148,851

The return on total assets is (Do not round intermediate calculations.):

Question 7: A corporation reports the following year-end balance sheet data. The company's current ratio equals:

Cash$49,000

Current liabilities$84,000

Accounts receivable 64,000

Long-term liabilities 20,000

Inventory 69,000

Common stock 109,000

Equipment 154,000

Retained earnings 123,000

Total assets$336,000

Total liabilities and equity$336,000

Question 8: Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2.

                                                Year 2                            Year 1

Cash                                $39,400                      $34,150

Short-term investments        109,000                          69,500

Accounts receivable, net      95,000                           89,000

Merchandise inventory          130,500                           134,500

Prepaid expenses               14,000                                11,600

Plant assets                        397,500                              347,500

Accounts payable                     103,900                            117,300

Net sales                                720,500                              685,500

Cost of goods sold                    399,500                            384,500

Question 9: Carducci Corporation reported Net sales of $3.55 million and beginning Total assets of $0.95 million and ending Total assets of $1.35 million. The average Total asset amount is:

Question 10: Jones Corp. reported current assets of $185,000 and current liabilities of $133,000 on its most recent balance sheet. The working capital is