Question 3 partially correct mark 833 out of 1000

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Question 3Partially correctMark 8.33 out of 10.00Flag questionQuestion textMarket tests help investors and potential investors assess the relative merits of the various stocks in the marketplace. These tests include: (Mark all that apply). Each incorrect answer results in a negative point mark.Select one or more:a. Dividend yield on preferred stock. b. Acid-test (quick) ratio. c. Payout ratio on common stock. d. Cash flow per share of common stock. e. Inventory turnover.
f. Earnings yield on common stock. g. Dividend yield on common stock. h. Price-earnings ratio. FeedbackThe correct answers are: Earnings yield on common stock., Price-earnings ratio., Dividend yield on common stock., Payout ratio on common stock., Dividend yield on preferred stock., Cash flow per share of common stock.
Question 4CorrectMark 10.00 out of 10.00Flag questionQuestion textThe 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:
Question 5CorrectMark 10.00 out of 10.00Flag questionQuestion textThe 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 acid-test ratio is:
Question 6Correct
Mark 10.00 out of 10.00Flag questionQuestion textBenson 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:
Question 7CorrectMark 10.00 out of 10.00Flag question
Question textBenson 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 inventory turnover is:Select one:a. 3.5 times per year.

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