### Determining the quick ratio

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Question 1: The Baker s Dozen has current liabilities of \$5,600, net working capital of \$2,100, inventory of \$3,900, and sales of \$13,500. What is the quick ratio? Assume pre-paid expenses are zero.

Question 2: ABC's balance sheet indicates a book value of shareholders' equity of \$836,775. The firm's earning per share is \$3.6 and the price-earnings ratio is 11.05. If there are 59,171 shares outstanding, what is the market-to-book ratio?

Question 3: If the Debt/Equity Ratio is 0.60. What is the Debt Ratio?

Question 4: Top Sound, Inc., has total assets of \$212,000, a debt-equity ratio of .6, and net income of \$9,500. What is the return on equity?

Question 5: ABC's balance sheet indicates a book value of shareholders' equity of \$793,182. The firm's earning per share is \$2.2 and the price-earnings ratio is 11.45. If there are 47,873 shares outstanding, what is the market value per share?

Question 6: If the debt ratio is 0.75, the Debt/Equity Ratio is:

Question 7: If the Debt/Equity Ratio is 0.50. What is the Debt Ratio?

Question 8: The ability of the firm to pay off short-term obligations as they come due is indicated by:

Question 9: A firm has sales of \$350,000, a profit margin of 6 percent, a total asset turnover rate of 1.25, and an equity multiplier of 1.4. What is the return on equity?

Question 10: A firm has net working capital of \$1,100 and current liabilities of \$2,800. What is the current ratio?

Question 11: If the debt ratio is 0.20, the Equity Multiplier is:

Question 12: XYZ earned a net profit margin of 7.4% last year and had an equity multiplier of 3.8. If its total assets are \$112 million and its sales are 129 million, what is the firm's debt ratio?

Question 13: ABC earned a net profit margin of 6.8% last year and had an equity multiplier of 2.3. If its total assets are \$107 million and its sales are 176 million, what is the firm's return on equity?

Question 14: ABC's balance sheet indicates a book value of shareholders' equity of \$864,051. The firm's earning per share is \$3.4 and the price-earnings ratio is 12.5. If there are 49,181 shares outstanding, what is the book value per share?

Question 15: The Jamestown Group has equity of \$421,000, sales of \$792,000, and a profit margin of 6 percent. What is the return on equity?

Question 16: A firm has total assets of \$682,000 and total equity of \$424,000. What is the debt-equity ratio?

Question 17: ABC Corporation has the following ratios: Total Asset Turnover= 1.6 Total debt to total assets= 0.5 Current Ratio= 1.7 Current Liabilities= \$2,000,000 Sales = \$16,000,000 What is the amount of current assets?

Question 18: If the Debt/Equity Ratio is 0.80. What is the Debt Ratio?

Question 19: If the debt ratio is 0.60, the Debt/Equity Ratio is:

Question 20: ABC has total sales of \$207, assets of \$109, return on equity of 23%, and net profit margin of 5%. What is the debt ratio?

Question 21: A firm has total equity of \$70,312.50, a profit margin of 8 percent, an equity multiplier of 1.6, and a total asset turnover of 1.3. What is the amount of the firm s sales?

Question 22: If the debt ratio is 0.80, the Equity Multiplier is:

Question 23: XYZ earned a net profit margin of 5.9% last year and had an equity multiplier of 3.9. If its total assets are \$96 million and its sales are 145 million, what is the firm's return on assets?

Question 24: Smith Corporation has current assets of \$11,400, inventories of \$4,000, and a current ratio of 2.6. What is Smith s acid test ratio? Assume pre-paid expenses are zero.

Question 25: Toast and Butter, Inc., has total assets of \$712,000 and an equity multiplier of 1.6. What is the debt-equity ratio?

Question 26: ABC, Inc. has a market-to-book ratio of 3, net income of \$88,482, a book value per share of \$18.8, and 40,322 shares of stock outstanding. What is the price-earnings ratio?

Question 27: Blackstone, Inc. has net income of \$9,728, a tax rate of 36%, and interest expense of \$679. What is the time interest earned ratio?

Question 28: If Roten, Inc., has a equity multiplier of 1.75, total asset turnover of 1.30, and profit margin of 8.5 percent, what is the return on equity (ROE)?

Question 29: XYZ has total sales of \$203, assets of \$115, return on equity of 34%, and net profit margin of 6%. What is the amount of equity?

Question 30: ABC's Balance Sheet lists Current Assets of \$300, Current Liabilities of \$200, Fixed Assets of \$700, Long-Term Debt of \$400. ABC has 200 shares outstanding. What is the market-to-book ratio (MTB) if the market price per share is \$8?

Question 31: Wexford Hotels has sales of \$289,600, depreciation of \$21,400, interest of \$1,300, Operating Income of \$23,269.70, and a tax rate of 34 percent. What are the times interest earned ratio?

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