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Date Submitted: 04/23/2012 04:38 PM
Unit 3: Analyzing Financial Statements - Quiz
1.
Shop-Til-You-Drop Inc. recently reported net income of $5.2 million and depreciation of $600,000. What is was net cash flow? Assume it has no amortization expense.
(Points: 4)
$5,400,000
$5,600,000
$5,800,000
$6,000,000
$6,200,000
2.
Superior Medical System's 2005 balance sheet showed total common equity of $2,050,000. The company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share. By how much did the firm's market value and book value per share differ?
(Points: 4)
$36.75
$38.25
$39.50
$40.25
$51.00
3.
Madison Metals recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges and no non-operating income. It had issued $4,000 of bonds that carry a 7% interest rate, and its federal-plus-state income tax rate was 40%. What was the firm's taxable, or pre-tax, income?
(Points: 4)
$1,180
$1,220
$1,260
$1,300
$1,340
4.
Fine Breads Inc. paid out $26,000 common dividends during 2005, and it ended the year with $150,000 of retained earnings. The prior year’s retained earnings were $145,000. What was the firm's 2005 net income?
(Points: 4)
$30,000
$31,000
$32,000
$33,000
$34,000
5.
Raleigh Corp's sales last year were $500,000 and its net income after tax was $55,000. What was the Profit Margin?
(Points: 4)
10%
11%
11.5%
10.75%
11.25%
6.
Raleigh Corp's total common equity at the end of last year was $300,000 and its net income after taxes was $55,000. What was its ROE?
(Points: 4)
18.33%
18.67%
19.00%
19.33%
19.67%
7.
Rutland Corp's stock price at the end of last year was $30.25 and its earnings per share for the year were $2.45. What was its P/E ratio?
(Points: 4)
11.65
12.00
12.35
12.70
13.05
8.
Cooper Inc's latest EPS was $4.00, its book value per share was...