1) A company has total assets of $5,720,482, common stock of $2,153,333, retained earnings of $1,084,737. What is the company's equity ratio?

	43.40%
	56.60%
	33.50%
	37.64%
	81.04%

2) A company has total assets of $5,960,482.00, common stock of $2,237,777.00, retained earnings of $1,137,337. What is the company's debt ratio?

	66.30%
	37.54%
	43.38%
	50.82%
	33.70% 3) Corona Company's balance sheet accounts follow: At December 31 2014 2013 2012 Assets Cash $40,575 $45,877 $45,903 Accounts receivable, net 92,741 68,709 55,873 Merchandise inventory 109,827 88,205 60,816 Prepaid expenses 23,037 22,813 18,150 Plant assets, net 256,561 233,646 214,263 Total assets $522,741 $459,250 $395,005 Liabilities and Equity Accounts payable $130,472 $89,549 $64,577 Long-term notes payable secured by mortgages on plant assets 108,205 110,233 92,757 Common stock, $10 par value 169,500 169,500 169,500 Retained earnings 114,564 89,968 68,171 Total liabilities and equity $522,741 $459,250 $395,005 What is Corona Company's days' sales uncollected ratio for 2014 assuming net sales and gross profit for the period were $1,409,942, $999,512 respectively? 17.47 20.52 14.46 17.79 24.01

4) Selected comparative income statement amounts for a company are shown below. Using 2013 as the base year for a horizontal analysis, compute the account with the most significant change.

	2013	2014
Sales	$525,000	$708,750
General and administrative expenses	42,000	48,300
Interest expense	1,500	2,630
Miscellaneous expense	200	400

	Sales.
	General and administrative expenses.
	Interest expense.
	Miscellaneous expense.
	Cannot be determined from the given data.

5) Corona Company's balance sheet accounts follow:

At December 31	2014	2013	2012
Assets
Cash	$51,080	$56,387	$56,418
Accounts receivable, net	103,246	79,219	66,388
Merchandise inventory	120,332	98,715	71,331
Prepaid expenses	33,542	33,323	28,665
Plant assets, net	267,066	244,156	224,778
Total assets	$575,266	$511,800	$447,580
Liabilities and Equity
Accounts payable	$146,482	$105,559	$80,097
Long-term notes payable secured by mortgages on plant assets	124,215	126,243	108,277
Common stock, $10 par value	174,500	174,500	174,500
Retained earnings	130,069	105,498	84,706
Total liabilities and equity	$575,266	$511,800	$447,580

What is Corona Company's debt to equity ratio for 2013?

	2.93
	0.83
	0.71
	1.08
	0.89 6) Corona Company's balance sheet accounts follow: At December 31 2014 2013 2012 Assets Cash $63,686 $68,999 $69,036 Accounts receivable, net 115,852 91,831 79,006 Merchandise inventory 132,938 111,327 83,949 Prepaid expenses 46,148 45,935 41,283 Plant assets, net 279,672 256,768 237,396 Total assets $638,296 $574,860 $510,670 Liabilities and Equity Accounts payable $165,694 $124,771 $98,721 Long-term notes payable secured by mortgages on plant assets 143,427 145,455 126,901 Common stock, $10 par value 180,500 180,500 180,500 Retained earnings 148,675 124,134 104,548 Total liabilities and equity $638,296 $574,860 $510,670 What is Corona Company's accounts receivable turnover ratio for 2013, assuming net sales for the period were $1,682,049? 16.20 4.05 18.32 19.69 15.11

7) A company had a market price of $11.75 per share, earnings per share of $1.76, and dividends per share of $0.77. Its price-earnings ratio is equal to:

	6.68
	15.26
	0.44
	0.215
	4.64