- The best essay writing company you will ever find online
- +1 (510) 327 2058
- support@bestessayswriters.com

1.Jones Hardware had common stock of $9500 and retainedearnings of $3800 at the beginning of the year. At the end of theyear the common stock balance is $9600 and the retained earningsaccount balance is $4200. The net income for the year is $840.What is the retention ratio? 40.48 percent 47.62 percent 59.52percent 52.38percent Question 2 A firm has a debt-equity ratio of0.60. What is the equity multiplier if total equity is $5700? 0.400.48 1.40 1.60 .1 points Question 3 Which one of the followingrelationships is correct? Equity multiplier = 1 Debt-equity ratioTotal asset turnover = 1 + Capital intensity ratio Inventoryturnover = Sales / Average inventory Return on equity = Return onassets Equity multiplier .1 points Question 4 The Lighting Storehas sales of $364000 depreciation of $28000 and taxable incomeof $58000. The capital intensity ratio is 1.2 the debt-equityratio is 0.45 and the tax rate is 34 percent. What is the returnon assets? 6.53 percent 7.21 percent 7.79 percent 8.76 percent .1points Question 5 Puzzles Galore has net income of $400 totalassets of $2600 total equity of $1600 and dividends paid of$35. What is the sustainable rate of growth? 29.55 percent 18.63percent 11.98 percent 24.06 percent .1 points Question 6 A firm hassales of $211000 depreciation of $24600 interest expense of$560 cost of goods sold of $148900 other costs of $6500 and atax rate of 35 percent. What is the firms profit margin? 9.38percent 11.01 percent 6.48 percent 4.93 percent .1 points Question7 A firm has sales of $131000 and inventory of $12200. Thecommon-size income statement lists cost of goods sold at 67 percentand depreciation at 5 percent. How long on average does it take thefirm to sell its inventory? 7.19 days 8.24 days 50.73 days 44.30days .1 points Question 8 The Green Buffet has sales of $428000depreciation of $26500 interest of $1800 net income of $21400and a tax rate of 32 percent. What is the times interest earnedratio? 17.90 18.48 8.78 9.08 .1 points Question 9 Which one of thefollowing represents the maximum growth rate that can be achievedassuming a firm acquires no new external financing? return onequity return on assets internal growth rate sustainable growthrate .1 points Question 10 A firm has sales of $428000 costs of$289000 and net income of $36000. The total asset turnover is1.2 and the debt-equity ratio is 0.4. What is the return on equity?(Hint: Use the Du Pont Identity) 10.50 percent 14.13 percent 9.81percent 12.74 percent

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok