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***Just choose the correct answer without explain
67- What is the cash coverage ratio for 2015?
A. 11.06
B. 6.02
C. 13.79
D. 14.89
E. 8.78
68- What are the values of the three components of the DuPont identity for 2015?
A. 7.91%; 1.0248; 1.4806
B. 8.57%; 1.0248; .6754
C. 7.91%; .9758; 1.4806
D. 11.43%; .9758; .6754
E. 11.43%; 1.0248; 1.4806
69- Deep Falls Timber stock sold for $6.50 a share as of 2015. What was the price-earnings ratio at that time?
A. 17.12
B. 29.94
C. 12.82
D. 28.15
E. 19.64
70- Deep Falls Timber stock sold for $6.50 a share as of 2015. What was the price-earnings ratio at that time?
A. 17.12
B. 29.94
C. 12.82
D. 28.15
E. 19.64
Answer to Question 67:
Cash Coverage Ratio = (EBIT + Depreciation) / Interest
Cash Coverage Ratio = ($93,900 + $138,400) / $15,600
Cash Coverage Ratio = 14.89
Answer to Question 68:
Profit Margin = Net Income / Net Sales
Profit Margin = $50,800 / $642,100
Profit Margin = 7.91%
Total Asset Turnover = Net Sales / Total Assets
Total Asset Turnover = $642,100 / $658,000
Total Asset Turnover = 0.9758
Equity Multiplier = Total Assets / Total Equity
Equity Multiplier = Total Assets / (Common Stock and Paid-in
Surplus + Retained Earnings)
Equity Multiplier = $658,000 / ($220,000 + $224,400)
Equity Multiplier = 1.4806
Answer to Question 69:
Number of Shares Outstanding = Common Stock and Paid-in Surplus
/ Par Value
Number of Shares Outstanding = $220,000 / $1
Number of Shares Outstanding = 220,000
Earnings per share = Net Income / Number of Shares
Outstanding
Earnings per share = $50,800 / 220,000
Earnings per share = $0.23091
Price-Earnings Ratio = Market Price per share / Earnings per
share
Price-Earnings Ratio = $6.50 / $0.23091
Price-Earnings Ratio = 28.15
Please Use your keyboard (Don't use handwriting) Thank you.. ***Just choose the correct answer without explain...
5. Income Statement and Balance Sheets Deep Falls Timber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends $642,100 409,800 138,400 $ 93,900 15 600 $ 78,300 27.500 $ 50,800 $12,700 Deep Falls Timber Balance Sheets as of December 31, 2014 and 2015 Cash Accounts receivable Inventory CA- 2015 $ 32,300 50,700 70,500 2014 $ 46,900 58,300 75,800 2015 $ 58,900 20,000 134,700 2014 $ 61,200 30,000 164,500 153,500 Accounts payable...