Carducci Corporation reported net sales of $3,597,000, average total assets of $1,100,000, and net income of $847,000. The total asset turnover ratio is:

 A corporation reported cash of $14,400 and total assets of $178,700 on its balance sheet. Its common-size percent for cash equals:
Multiple Choice
•    
12.41%.

•    
8,060.00%.
•    
14.57%.
•    
0.08%.
•    
8.06%. Correct
Explanation
($14,400/$178,700) × 100 = 8.06%

Jones Corporation reported current assets of $203,000 and current liabilities of $142,000 on its most recent balance sheet. The working capital is:
Multiple Choice
•    
143%.
•    
70%.
•    
($61,000).
•    
$61,000. Correct
•    
43%.
Explanation
$203,000 − $142,000 = $61,000.

Jones Corporation reported current assets of $185,000 and current liabilities of $129,000 on its most recent balance sheet. The current assets consisted of $63,600 Cash; $45,400 Accounts Receivable; and $76,000 of Inventory. The acid-test (quick) ratio is:
Multiple Choice
•    
1.4 : 1.
•    
0.84 : 1. Correct
•    
0.59 : 1.
•    
1 : 1.
Incorrect
•    
0.58 : 1.
Explanation
Quick Assets = Cash $63,600 + Accounts Receivable $45,400 = $109,000
$109,000/$129,000 = 0.84

Powers Company reported net sales of $1,260,000, average Accounts Receivable, net of $72,500, and net income of $53,575. The accounts receivable turnover ratio is:
Multiple Choice
•    
0.58 times.
•    
16.4 times.
•    
32.8 times.
•    
17.4 times. Correct
•    
18.4 times.

Explanation
$1,260,000/$72,500 = 17.4 times

Zhang Company reported Cost of goods sold of $840,000, ending Inventory of $168,000, and Net sales of $2,338,000. The Days’ sales in inventory is:
Multiple Choice
•    
73 days. Correct
•    
1,825 days.
•    
7 days.
Incorrect
•    
131 days.
•    
26 days.
Explanation
($168,000/$840,000) × 365 = 73 days

Carducci Corporation reported net sales of $3,597,000, average total assets of $1,100,000, and net income of $847,000. The total asset turnover ratio is:
Multiple Choice
•    
0.31 times.
•    
3.27 times. Correct
•    
4.30 times.
•    
2.27 times.
•    
0.77 times.
Explanation
$3,597,000/$1,100,000 = 3.27 times

Martinez Corporation reported net sales of $785,000, net income of $122,000, and total assets of $7,834,032. The profit margin is:
Multiple Choice
•    
643.0%.
•    
6.43%.
•    
84.46%.
•    
1.55%.
•    
15.54%. Correct
Explanation
$122,000/$785,000 = 15.54%.

A company had a market price of $38.80 per share, earnings per share of $1.90, and dividends per share of $1.05. Its price-earnings ratio equals:
Multiple Choice
•    
1.8.
•    
20.4.
Correct
•    
23.6.
•    
26.4.
Incorrect
•    
18.5.
Explanation
$38.80/$1.90 = 20.4

A company reports basic earnings per share of $4.00, cash dividends per share of $1.50, and a market price per share of $65.00. The company's dividend yield equals:
Multiple Choice
•    
6.00%.
•    
2.44%.
•    
4.11%.
Incorrect
•    
16.65%.
•    
2.31%. Correct
Explanation
$1.50/$65.00 = 2.31%