Question

the Tea company only has common stockholders. Last year , the company earned $47,000 on sales...

the Tea company only has common stockholders. Last year , the company earned $47,000 on sales of $163,200: the company average 18,050 outstanding common shares . On the most recent tranding , the common shares were selling at $75. What is this company's earning per share?
a. $11.65 per share.
b. $9.04 per share
c. $2.60 per share.
d. $0.38 per share.

The Orange Company reported net sales of $427,000. the company has average total assets of $928,600 of which $475,000 is property, plant, and equipment and the remainder is in current assets. What is the compan's assets tuenover ratio?

a. 0.46x

b. 0.90x

c. 0.94x

d. 2.17x

Which of the following cash flows wold included under the investing activites section of the cash flow statemnt? Assum indirect method used

a. Changes in the Accounts Recivable

b. Changes in (Gross) long-term Assets

c. Net income.

d. Cash dividend

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Homework Answers

Answer #1

Answer to Question 1:

Earnings per share = Net income / Shares outstanding
Earnings per share = $47,000 / 18,050
Earnings per share = $2.60

Answer to Question 2:

Assets Turnover Ratio = Sales / Average Total Assets
Assets Turnover Ratio = $427,000 / $928,600
Assets Turnover Ratio = 0.46x

Answer to Question 3:

Changes in gross long-term assets is classified under investing activities.
Changes in the accounts receivable and net income are classified under operating activities.
Cash dividend is classified under financing activities.

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