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Dana Dairy Products Key Ratios https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q30g1.gif Income Statement Dana Dairy Products For the Year Ended December 31, 2010 https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q30g2.gif Balance Sheet Dana Dairy Products December 31, 2010 https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q30g3.gif

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Income Statement;Dana Dairy Products;For the Year Ended December 31, 2010;align=middle v:shapes="_x0000_i1026">;Balance Sheet;Dana Dairy Products;December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q22g3.gif;The inventory management at Dana Dairy Products ________ since 2009. (See Table 3.2);Answer;has deteriorated;remained the same;has improved slightly;cannot be determined;Question 2;Table 3.2;Dana Dairy Products Key Ratios;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g1.gif;Income Statement;Dana Dairy Products;For the Year Ended December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g2.gif;Balance Sheet;Dana Dairy Products;December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g3.gif;If Dana Dairy Products has credit terms which specify that accounts receivable should be paid in 25 days, the average collection period ________ since 2009. (See Table 3.2);Answer;has deteriorated;remained the same;has improved;cannot be determined;Question 3;Table 3.2;Dana Dairy Products Key Ratios;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q30g1.gif;Income Statement;Dana Dairy Products;For the Year Ended December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q30g2.gif;Balance Sheet;Dana Dairy Products;December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q30g3.gif;The return on equity for Dana Dairy Products for 2010 was ________. (See Table 3.2);Answer;0.6 percent;5.6 percent;0.9 percent;50 percent;Q4;Table 3.2;Dana Dairy Products Key Ratios;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g1.gif;Income Statement;Dana Dairy Products;For the Year Ended December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g2.gif;Balance Sheet;Dana Dairy Products;December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g3.gif;The current ratio for Dana Dairy Products in 2010 was ________. (See Table 3.2);Answer;1.58;0.63;1.10;0.91;Q5;Table 3.2;Dana Dairy Products Key Ratios;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g1.gif;Income Statement;Dana Dairy Products;For the Year Ended December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g2.gif;Balance Sheet;Dana Dairy Products;December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g3.gif;Since 2009, the liquidity of Dana Dairy Products ________. (See Table 3.2);Answer;has deteriorated;remained the same;has improved;cannot be determined;Q6;Table 3.2;Dana Dairy Products Key Ratios;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g1.gif;Income Statement;Dana Dairy Products;For the Year Ended December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g2.gif;Balance Sheet;Dana Dairy Products;December 31, 2010;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f18g1q24g3.gif;Using the modified DuPont formula allows the analyst to break Dana Dairy Products return on equity into 3 components: the net profit margin, the total asset turnover, and a measure of leverage (the financial leverage multiplier). Which of the following mathematical expressions represents the modified DuPont formula relative to Dana Dairy Products' 2010 performance? (See Table 3.2);Answer;5.6(ROE) = 2.5(ROA) x 2.24(Financial leverage multiplier);5.6(ROE) = 3.3(ROA) x 1.70(Financial leverage multiplier);4.0(ROE) = 2.0(ROA) x 2.00(Financial leverage multiplier);2.5(ROE) = 5.6(ROA) x 0.44(Financial leverage multiplier);Question 7;You are given the following information: Stockholders' equity = $1,250, price/earnings ratio = 5, shares outstanding = 25, and market/book ratio = 1.5. Calculate the market price of a share of the company's stock.;$ 33.33;b. $ 75.00;c. $ 10.00;d. $166.67;e. $133.32;Question 8;Calculate net operating profit after taxes (NOPAT) if a firm has sales of $1,000,000, operating profit (EBIT) of $100,000, interest expense of $50,000, and a tax rate of 30%.;Answer;$35,000;$700,000;$70,000;None of these;Question 9;A firm had year end 2004 and 2005 retained earnings balance of $670,000 and $560,000, respectively. The firm reported net profits after taxes of $100,000 in 2005. The firm paid dividends in 2005 of ________.;Answer;$10,000;$100,000;$110,000;$210,000;Question 10;Table 4.1;Ruff Sandpaper Co.;Balance Sheets;For the Years Ended 2009 and 2010;*https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f20g1q35g1.gif;The firm ________ fixed assets worth ________. (See Table 4.1);Answer;purchased, $0;purchased, $200;sold, $0;sold, $200;Question 11;In its recent income statement, a firm reported $25 million of net income, and in its year-end balance sheet, the firm reported $405 million of retained earnings. The previous year, its balance sheet showed $390 million of retained earnings. What were the total dividends paid to shareholders during the most recent year?;Answer;$ 3,500,000;$ 5,000,000;$ 6,750,000;$10,000,000;$11,250,000;Question 12;On its 2009 balance sheet, a firm had retained earnings equal to $510 million. On its 2010 balance sheet, retained earnings were also equal to $510 million. Which of the following statements is most correct?;Answer;The company must have had net income equal to zero in 2010.;The company did not pay dividends in 2010.;If the company's net income in 2010 was $200 million, dividends paid must have also equaled $200 million.;If the company lost money in 2010, they must have paid dividends.;None of the statements above is correct.;uestion 13;The average tax rate of a corporation with pretax income of $105,000 and a tax liability of $24,200 is;Answer;46 percent.;23 percent.;34 percent.;15 percent.;Question 14;Table 3.1;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f16g1q12g1.gif;Information (2010 values);1. Sales totaled $110,000;2. The gross profit margin was 25 percent.;3. Inventory turnover was 3.0.;4. There are 360 days in the year.;5. The average collection period was 65 days.;6. The current ratio was 2.40.;7. The total asset turnover was 1.13.;8. The debt ratio was 53.8 percent.;Inventory for CEE in 2010 was ________. (See Table 3.1);Answer;$36,667;$32,448;$27,500;$ 9,167;Question 15;Table 3.1;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f16g1q12g1.gif;Information (2010 values);1. Sales totaled $110,000;2. The gross profit margin was 25 percent.;3. Inventory turnover was 3.0.;4. There are 360 days in the year.;5. The average collection period was 65 days.;6. The current ratio was 2.40.;7. The total asset turnover was 1.13.;8. The debt ratio was 53.8 percent.;Total assets for CEE in 2002 were;A) $58 603;B) $45 895;C) $97 345;D) $124 300;Question 16;Table 3.1;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f16g1q12g1.gif;Information (2010 values);1. Sales totaled $110,000;2. The gross profit margin was 25 percent.;3. Inventory turnover was 3.0.;4. There are 360 days in the year.;5. The average collection period was 65 days.;6. The current ratio was 2.40.;7. The total asset turnover was 1.13.;8. The debt ratio was 53.8 percent.;Accounts receivable for CEE in 2010 was ________. (See Table 3.1);Answer;$14,056;$19,861;$14,895;$18,333;Question 17;A firm had the following accounts and financial data for 2005;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f13g1q52g1.gif;The firm's earnings per share, rounded to the nearest cent, for 2005 was ________.;Answer;$0.5335;$0.5125;$0.3204;$0.3024;Question 18;A firm had the following accounts and financial data for 2005.;https://blackboard.uncg.edu/courses/1/FIN-315-01D-FALL2013/ppg/pearson/tm/pmfbr6g/f13g1q51g1.gif;The firm's earnings available to common shareholders for 2005 were ________.;Answer;-$224.25;$195.40;$302.40;$516.60;Question 19;Calculate a firm's free cash flow if it has net operating profit after taxes of $60,000, depreciation expense of $10,000, net fixed asset investment requirement of $40,000, a net current asset requirement of $30,000 and a tax rate of 30%.;Answer;$0;$30,000;-$30,000;None of these;Question 20;If Nico Corporation has annual purchases of $300,000 and accounts payable of $30,000, then average purchases per day are ________ and the average payment period is ________.;Answer;36.5, 821.9;36.0, 833.3;821.9, 36.5;833.3, 36.0;Attachments;fin_315_exam_1.docx (128.21 KB)

 

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