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Crandler Company's net income last year was $65,000. The company paid preferred dividends of $22,500 and its average common stockholders' equity was $500,000. The company's return on common stockholders' equity for the year was closest to:

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There are 31 questions in the file attached;1.;award;1.61 out of;1.61 points;Ozols Corporation's most recent income statement appears below;Sales (all on account);$713,000;Cost of goods sold;305,000;Gross margin;408,000;Selling and administrative expense;175,000;Net operating income;233,000;Interest expense;64,000;Net Income before taxes;169,000;Income taxes;60,000;Net income;$109,000;The gross margin percentage is closest to;2.;award;1.61 out of;1.61 points;Crandler Company's net income last year was $65,000. The company paid preferred dividends of $22,500 and its average common stockholders' equity was $500,000. The company's return on common stockholders' equity for the year was closest to;3.;award;0 out of;1.61 points;The average stockholders' equity for Horn Co. last year was $2,800,000. Included in this figure was $280,000 of preferred stock. Preferred dividends were $32,000. If the return on common stockholders' equity was 12.5% for the year, net income was;4.;award;0 out of;1.61 points;Artist Company's net income last year was $540,000. The company has 152,000 shares of common stock and 41,900 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The company declared and paid dividends last year of $1.80 per share on the common stock and $0.80 per share on the preferred stock. The earnings per share of common stock is closest to;5.;award;1.61 out of;1.61 points;Archer Company had net income of $86,800 last year. The company has 6,800 shares of common stock and 4,300 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. Preferred dividends were $2 per share. The earnings per share of common stock was;6.;award;1.61 out of;1.61 points;The following data have been taken from your company's financial records for the current year;Earning per share;$30;Dividend per share;$8;Market price per share;$390;Book value per share;$225;The price-earnings ratio is;7.;award;0 out of;1.61 points;Last year the return on total assets in Jeffrey Company was 8.00%. The total assets were 3 million at the beginning of the year and 3.25 million at the end of the year. The tax rate was 30%, interest expense totaled $115 thousand, and sales were $5.3 million. Net income for the year was;9.;award;0 out of;1.61 points;The following account balances have been provided for the end of the most recent year;Total assets;$180,000;Total stockholder's equity;$150,000;Total common stock (5,000 shares);$50,000;Total preferred stock (1,000 shares);$10,000;10.;award;0 out of;1.61 points;Delatrinidad Corporation's net income last year was $7,748,000. The dividend on common stock was $13.4 per share and the dividend on preferred stock was $3.2 per share. The market price of common stock at the end of the year was $54.5 per share. Throughout the year, 480,000 shares of common stock and 240,000 shares of preferred stock were outstanding. The dividend payout ratio is closest to;11.;award;1.61 out of;1.61 points;Last year, Shadow Corporation's dividend on common stock was $21.75 per share and the dividend on preferred stock was $20.86 per share. The market price of common stock at the end of the year was $75.00 per share. The dividend yield ratio is closest to;12.;award;1.61 out of;1.61 points;Hagerman Corporation's most recent income statement appears below;Sales (all on account);$625,000;Cost of goods sold;375,000;Gross margin;250,000;Selling and administrative expense;125,000;Net operating income;125,000;Interest expense;31,250;Net income before taxes;93,750;Income taxes (30%);28,125;Net income;$65,625;The beginning balance of total assets was $330,000 and the ending balance was $204,000. The return on total assets is closest to;13.;award;0 out of;1.61 points;Excerpts from Lasso Corporation's most recent balance sheet appear below;Year 2;Year 1;Preferred stock;$280,000;$280,000;Common stock;760,000;760,000;Additional paid-in capital--common stock;286,000;286,000;Retained earnings;760,000;690,000;Total stockholder's equity;$1,186,000;$1,116,000;Net income for Year 2 was $181,000. Dividends on common stock were $73,000 in total and dividends on preferred stock were $38,000 in total. The return on common stockholders' equity for Year 2 is closest to;14.;award;0 out of;1.61 points;Drama Company's working capital is $136,000 and its current liabilities are $214,000. The company's current ratio is closest to;15.;award;1.61 out of;1.61 points;Brewster Company has an acid-test ratio of 1.5 and a current ratio of 2.5. Current assets equal $440,000, of which $12,400 is prepaid expenses. The company's current assets consist of cash, marketable securities, accounts receivable, prepaid expenses, and inventory. Brewster Company's inventory must be;6.;award;1.61 out of;1.61 points;Fraser Company had $390,000 in sales on account last year. The beginning accounts receivable balance was $23,000 and the ending accounts receivable balance was $32,200. The company's accounts receivable turnover was closest to;17.;award;1.61 out of;1.61 points;Irastan Company, a retailer, had cost of goods sold of $320,000 last year. The beginning inventory balance was $56,000 and the ending inventory balance was $48,000. The company's average sale period was closest to:(Assume 365 days a year.);18.;award;1.61 out of;1.61 points;Deschambault Corporation's total current assets are $264,000, its noncurrent assets are $708,000, its total current liabilities are $132,000, its long-term liabilities are $520,000, and its stockholders' equity is $330,000. Working capital is;19.;award;1.61 out of;1.61 points;Hartzog Corporation's most recent balance sheet and income statement appear below;Statement of Financial Position;December 31, Year 2 and Year 1;(in thousands of dollars);Year 2;Year 1;Assets;Current assets;Cash;$340;$310;Accounts receivable;580;560;Inventory;290;620;Prepaid expenses;40;40;Total current assets;1,250;1,530;Plant and equipment, net;1,190;1,200;Total assets;$2,440;$2,730;Liabilities and Stockholder's Equity;Current liabilities;Accounts payable;$320;$330;Accrued liabilities;20;20;Notes payable, short term;100;250;Total current liabilities;440;600;Bonds payable;260;340;Total liabilities;700;940;Stockholder's equity;Preferred stock, $10 par, 5%;200;420;Common stock, $2 par;660;880;Additional paid-in capital--common stock;290;290;Retained earnings;590;200;Total stockholder's equity;1,740;1,790;Total liabilities and stockholder's equity;$2,440;$2,730;Income Statement;For the Year Ended December 31, Year 2;(in thousands of dollars);Sales (all on account);$7,350;Cost of goods sold;4,410;Gross margin;2,940;Selling and administrative expense;2,178;Net operating income;762;Interest expense;105;Net income before taxes;657;Income taxes (30%);197;Net income;$460;Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.;The earnings per share of common stock for Year 2 is closest to

 

Paper#29993 | Written in 18-Jul-2015

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