Z Corp.

Question

Balance Sheet
12/31

2000 2001

Cash $ 100 $120
Accounts receivable 250 260
Inventory 400 500
Equipment (net) 550 620
Total assets 1300 1500
Accounts payable 300 350
Mortgage payable 500 500
Capital stock (100 Shares) 200 200
Retained earnings 300 450
Total equities 1300 1500

Z Corp.
Income statement
FYE 12/31/01

Sales $ 800
Cost of sales 300
Gross margin 500
Operating expenses 100
Operating income 400
Taxes 100
Net income $300

Market price per share: $12
Dividends paid: $150(total)

16 What is the working capital for 2001?

A. 620
B. 530
C. 410
D. Some other amount

17. What is the current ratio for 2001?

A. 2.51
B. 1.33
C. 2.00
D. Some other amount

18. What is the return on assets for 2001?

A. .2222
B. .1775
C. .2857
D. Some other amount

19. What is the return on equity for 2001?

A. .52
B. .75
C. .33
D. Some other amount

20. What is the quick ratio for 2001?

A. 1.011
B. 1.086
C. 2.222
D. Some other amount

Answer 1

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Answer 2

XYZ Corp.
Balance Sheet 12/31
2000 2001
Cash