Perry Technologies Inc. had the following financial information for the past year:
Inventory turnover = 8 times
Quick ratio = 1.5
Sales = $860,000
Current ratio = 1.75
What were Perry's current liabilities?
a. $438,776
b. $500,000
c. $107,500
d. $61,429
e. $573,333
During the year, Douglass Industries decreased the accounts receivable by $230, decreased the inventory by $150, and increased the accounts payable by $110. These three changes represent a _____ of cash.
a. $270 use
b. $490 use
c. $190 source
d. $270 source
e. $490 source
Quadalla Furniture had 300 million shares of stock outstanding at the end of 2018. During 2018, the company reported net income of $600 million, retained earnings of $900 million, and $240 million in dividends paid. What is Quadalla's earnings per share (profit/share)?
A. $0.50
B. $0.67
C. $0.80
D. $1.25
E. $2.00
Given the information below:
Javelline Industry
2018 Statement of comprehensive income
Net sales: $8,769
Cost of goods sold: $6,128
Depreciation: $1,364
Earnings before interest and taxes: $1,277
Interest paid: $730
Taxable income: $547
Taxes: $186
Net income: $361
Dividends paid: $?
Addition to retained earnings: $?
If there are 250 shares of stock outstanding, what is the amount of the earnings per share?
A. $0.64
B. $0.80
C. $1.21
D. $1.44
E. $2.19
Freda's, Inc. has sales of $3,200, current liabilities of $900, total assets of $3,000, and net working capital of $500. How many dollars' worth of sales are generated from every $1 in net fixed assets? (Hint: First find CA as NWC = CA - CL, from there find fixed Assets)
A. $0.91
B. $1.07
C. $1.67
D. $2.00
E. $2.29
During the year, The Train Stop decreased its accounts receivable by $60, increased its inventory by $130, and decreased its accounts payable by $20. For these three accounts, the firm has a net: (Uses and sources of cash)
A. $90 use of cash.
B. $50 use of cash.
C. $170 use of cash.
D. $90 source of cash.
E. $50 source of cash.