11 montreal electronics has the following data available 2013 2012 net income 90 80 4305846

11 montreal electronics has the following data available 2013 2012 net income 90 80 4305846

11) Montreal Electronics has the following data available:

2013                                2012

Net Income $ 90 $ 80

Earnings Per Share $ .45 $ .40

Annual Common Dividends Per Share $ .40 $ .20

Closing Market Price Common Stock, 12/31 $9.00 $6.00

What is the dividend-payout for Montreal Electronics in 2013? Has the dividend-payout increased or decreased since 2012?

A) 100%, increased

B) 89%, decreased

C) 89%, increased

D) 50%, increased

E) 50%, decreased

12) Tulsa Company has the following data available:

2X13 2X12 2X11

Sales (all credit sales) $800 $740 $675

Less Cost of Goods Sold 525 490 450

Gross Profit $275 $250 $225

What is the gross profit rate for Tulsa Company in 2X13? Has the gross profit rate improved or not improved since 2X12?

A) 23.3%, improved

B) 34.4%, improved

C) 34.4%, not improved

D) 52.4%, improved

E) 52.4%, not improved

13) Tulip Company has the following data available:

2X13 2X12 2X11

Sales (all credit sales) $800 $740 $675

Less Cost of Goods Sold 525 490 450

Gross Profit $275$250$225

Total Liabilities $125 $105 $85

Total Stockholders' Equity $125 $110 $90

What is the total asset turnover for Tulip Company in 2X13? Has the total asset turnover improved or not improved since 2X12?

A) 1.2, improved

B) 1.2, not improved

C) 3.2, improved

D) 3.4, improved

E) 3.4, not improved

14) Lorna Company has the following data available:

Current Assets: 2X13      2X12      2X11

Cash $ 25 $ 20 $ 15

Accounts Receivable 90 70 60

Inventory 65 50 40

Prepaid Rent 10 15 5

Total Current Assets $190 $155 $120

Total Long-term Assets $60 $60 $55

Current Liabilities:

Accounts Payable $ 50 $ 30 $ 20

Wages Payable 20 10 5

Taxes Payable 10 5 15

Current Long-Term Debt 10 15 5

Total Current Liabilities $ 90 $ 60 $ 45

Total Long-term Liabilities $35 $45 $50

What is the working capital for Lorna Company in 2X13? Has the working capital improved or not improved since 2X12?

A) $125, improved

B) $100, improved

C) $100, not improved

D) $60, improved

E) $125, not improved

15) Purple Company has the following data available:

Current Assets: 2X13     2X12      2X11

Cash $ 25 $ 20 $ 15

Accounts Receivable 90 70 60

Inventory 65 50 40

Prepaid Rent 10 15 5

Total Current Assets $190 $155 $120

Total Long-term Assets $60 $60 $55

Current Liabilities:

Accounts Payable $ 50 $ 30 $ 20

Wages Payable 20 10 5

Taxes Payable 10 5 15

Current Long-Term Debt 10 15 5

Total Current Liabilities $ 90 $ 60 $ 45

Total Long-term Liabilities $35 $45 $50

What is the current ratio for Purple Company in 2X13? Has the current ratio improved or not improved since 2X12?

A) 2.11, improved

B) 0.76, improved

C) 0.76, not improved

D) 0.36, improved

E) 2.11, not improved

16) Yellow Company has the following data available:

Current Assets: 2X13     2X12      2X11

Cash $ 25 $ 20 $ 15

Accounts Receivable 90 70 60

Inventory 65 50 40

Prepaid Rent 10 15 5

Total Current Assets $190 $155 $120

Total Long-term Assets $60 $60 $55

Current Liabilities:

Accounts Payable $ 50 $ 30 $ 20

Wages Payable 20 10 5

Taxes Payable 10 5 15

Current Long-Term Debt 10 15 5

Total Current Liabilities $ 90 $ 60 $ 45

Total Long-term Liabilities $35 $45 $50

What is the quick ratio for Yellow Company in 2X13? Has the quick ratio improved or not improved since 2X12?

A) 2.11, not improved

B) 55, not improved

C) 1.39, improved

D) 1.39, not improved

E) 55, improved

17) Redwing Company has the following data:

2X13                               2X12      2X11

Sales (all credit sales) $800 $740 $675

Less Cost of Goods Sold 525 490 450

Gross Profit $275 $250 $225

Current Assets:

Cash $ 25 $ 20 $ 15

Accounts Receivable 90 70 60

Inventory 65 50 40

Prepaid Rent 10 15 5

Total Current Assets $190 $155 $120

What is the average collection period in days for Redwing Company in 2X13? Has the average collection period in days improved or not improved since 2X12?

A) 41.1, improved

B) 36.5, improved

C) 36.5, not improved

D) 8.9, improved

E) 41.1, not improved

18) Zeman Company has the following data:

2X13 2X12 2X11

Sales (all credit sales) $800 $740 $675

Less Cost of Goods Sold 525 490 450

Gross Profit $275 $250 $225

Operating Profit $125 $110 $100

Net Income $64 $56 $52

What is the return on sales for Zeman Company in 2X13? Has the return on sales improved or not improved since 2X12?

A) 8.0%, improved

B) 8.0%, not improved

C) 14.4%, improved

D) 34.4%, improved

E) 34.4%, not improved

19) Kornowski Company has the following data:

2X13 2X12 2X11

Sales (all credit sales) $800 $740 $675

Less Cost of Goods Sold 525 490 450

Gross Profit $275 $250 $225

Inventory $65 $50 $40

What is the inventory turnover for Kornowski Company in 2X13? Has the inventory turnover improved or not improved since 2X12?

A) 8.10, improved

B) 8.10, not improved

C) 9.13, improved

D) 9.13, not improved

E) 91, not improved

20) Wetzel Company has the following data:

2X13                               2X12      2X11

Current Liabilities:

Accounts Payable $ 50 $ 30 $ 20

Wages Payable 20 10 5

Taxes Payable 10 5 15

Current Long-Term Debt 10 15 5

Total Current Liabilities $ 90 $ 60 $ 45

Long-Term Liabilities:

Long-Term Debt 35 45 40

Total Liabilities $125 $105 $ 85

Stockholders' Equity:

Common Stock $5 par $ 50 $ 50 $ 50

Retained Earnings 75 60 40

Total Stockholders' Equity $125 $110 $ 90

Total Liab. & Stk. Equity $250 $215 $175

What is the total-debt-to-total-assets ratio for Wetzel Company in 2X13? Has the total-debt-to-total-assets ratio improved or not improved since 2X12?

A) 0.14, improved

B) 0.18, improved

C) 0.18, not improved

D) 0.50, improved

E) 0.50, not improved

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