The following data apply to items (a) through (g): Required Answer the following multiple-choice questions: a. The
Question:
The following data apply to items (a) through (g):
Required Answer the following multiple-choice questions:
a. The acid-test ratio for 2011 is
1. 1.1-to-1.
2. 0.9-to-1.
3. 1.8-to-1.
4. 0.2-to-1.
5. 0.17-to-1.
b. The average number of days’ sales outstanding in 2011 is
1. 18 days.
2. 360 days.
3. 20 days.
4. 4.4 days.
5. 80 days.
c. The times interest earned ratio for 2011 is
1. 3.0 times.
2. 1.0 time.
3. 72.0 times.
4. 2.0 times.
5. 6.0 times.
d. The asset turnover in 2011 is
1. 3.2 times.
2. 1.7 times.
3. 0.4 time.
4. 1.1 times.
5. 0.13 time.
e. The inventory turnover in 2011 is
1. 13.6 times.
2. 12.5 times.
3. 0.9 time.
4. 7.0 times.
5. 51.4 times.
f. The operating income margin in 2011 is
1. 2.7%.
2. 91.7%.
3. 52.5%.
4. 95.8%.
5. 8.3%.
g. The dividend payout ratio in 2011 is
1. 100%.
2. 36%.
3. 20%.
4. 8.8%.
5. 33.3%.
Elementary Statistics A step by step approach
ISBN: 978-0073386102
8th edition
Authors: Allan Bluman