50.1K

Verified Solution

Link Copied!

43 Trenton Company has provided the following information: Net income, $240,000; Preferred shares issued, 6,000; Average number of common stock shares issued, 24,000; Cash dividends declared and paid on common stock, $30,000; Market price per share, $36; Average treasury shares of common stock, 4,000. What is Trenton's earnings per share?

A $8.00.

B $7.00.

C $10.50.

D $12.00.

44 Trenton Company has provided the following information: Net income, $240,000; Preferred shares issued, 6,000; Average number of common shares issued, 24,000; Cash dividends declared and paid on common stock, $30,000; Market price per share, $36; Average treasury shares of common stock, 4,000. What is Trenton's price/earnings ratio?

A 3.0

B 5.1

C 3.4

D 4.5

45 Which of the following is not a measure of solvency?

A Debt-to-equity ratio.

B Cash coverage ratio.

C Times interest earned ratio.

D Earnings per share.

46 Main Street Company paid out $2.30 in dividends per share of common stock and had earnings per share of $5.00 during 2014. The market price of the stock on December 31, 2014 was $21.00 per share. There were 15,000 shares of stock outstanding for the entire year. The dividend yield as of December 31, 2014 is closest to:

A 16.43%

B 10.95%

C 9.13%

D 46.00%

47 Lee Company has provided the following information: Cash flow from operating activities, $240,000 Net income, $204,000 Interest expense, $20,000 Interest cash payments, $10,000 Income tax payments, $140,000 Income tax expense, $136,000 Lee's quality of income ratio is closest to:

A 1.18

B 0.85

C 1.76

D 0.74

48 Rice Company, a retailer, has provided the following information pertaining to its recent year of operation: Net income, $100,000 Accounts receivable increased $9,000 Prepaid insurance decreased $3,000 Depreciation expense was $15,000 Gain on sale of land, $2,000 Wages payable decreased $7,000 Unearned revenue increased $11,000 Using the indirect method, how much was Rice's net cash provided by operating activities?

A $89,000.

B $115,000.

C $125,000.

D $111,000.

Answer & Explanation Solved by verified expert

See Answer