Week 3 Assesment.docx - The following information applies...

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The following information applies to Benson Company for 2014: Stock market price, December 31, 2014: $50 Common shares outstanding, December 31, 2014:100,000 Net Income for year 2014: $400,000 Retained Earnings January 1, 2014: $100,000 On December 31, 2014, Benson decides to pay the maximum amount it can in dividends to its shareholders. What is the dividend yield ratio?Select one:a. 2%b. None of the abovec. 10%d. 8%
The following data were abstracted from the 2014 December 31, balance sheet of Andrews Company: Cash $136,000 Marketable securities 64,000. Accounts and notes receivable, net 184,000. Merchandise inventory 244,000. Prepaid expenses 12,000. Accounts and notes payable,short-term 256,000. Short-term accrued liabilities 64,000. Bonds payable, long-term 400,000. The current ratio is:
Benson Company shows the following data on its 2014 financial statements: Accounts receivable, January 1 $720,000; Accounts receivable, December 31 960,000; Merchandise inventory, January 1 900,000; Merchandise inventory, December 31 1,020,000; Gross sales 4,800,000; Sales returns and allowances 180,000; Net sales 4,620,000; Cost of goods sold 3,360,000; Income before interest and taxes 720,000; Interest on bonds 192,000; Net income 384,000; The accounts receivable turnover is:

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