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107.An aircraft company would most likely have a.a high inventory turnover. b.low

Question : 107.An aircraft company would most likely have a.a high inventory turnover. b.low : 1311999

 

 

107.An aircraft company would most likely have

a.a high inventory turnover.

b.low profit margin.

c.high volume.

d.a low inventory turnover.

 

 

108.Net sales are $6,000,000, beginning total assets are $2,800,000, and the asset turnover is 3.0 times. What is the ending total asset balance?

a.$2,000,000

b.$1,200,000

c.$2,800,000

d.$2,200,000

 

 

109.Earnings per share is calculated

a.only for common stock.

b.only for preferred stock.

c.for common and preferred stock.

d.only for treasury stock.

 

 

110.Which of the following is not a profitability ratio?

a.Payout ratio

b.Profit margin

c.Times interest earned

d.Return on common stockholders' equity

 

 

111.Times interest earned is also called the

a.money multiplier.

b.interest coverage ratio.

c.coupon coverage ratio.

d.premium ratio.

 

 

112.The ratio that uses weighted average common shares outstanding in the denominator is the

a.price-earnings ratio.

b.return on common stockholders' equity.

c.earnings per share.

d.payout ratio.

 

 

113.Net income does not appear in the numerator of the

a.profit margin.

b.return on assets.

c.return on common stockholders' equity.

d.payout ratio.

 

 

114.Bria Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of $980,000 at the end of the year. Net credit sales during the year amounted to $7,600,000. The receivables turnover ratio was

a.8.0 times.

b.8.4 times.

c.7.8 times.

d.8.3 times.

 

 

115.Bria Clothing Store had a balance in the Accounts Receivable account of $810,000 at the beginning of the year and a balance of $850,000 at the end of the year. Net credit sales during the year amounted to $6,640,000. The average collection period of the receivables in terms of days was

a.91.3 days.

b.45.6 days.

c.30 days.

d.46.7 days.

 

 

116.Donner Corporation had net income of $200,000 and paid dividends to common stockholders of $40,000 in 2013. The weighted average number of shares outstanding in 2013 was 50,000 shares. Donner Corporation's common stock is selling for $35 per share on the New York Stock Exchange. Donner Corporation's price-earnings ratio is

a.5 times.

b.8.75 times.

c.4 times.

d.10.9 times.

 

 

 

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