Wilson’s Realty has total assets of $46,800, net fixed assets of $37,400, current liabilities of $6,100, and long-term liabilities of $24,600. What is the total debt ratio?

a) 0.66

b) 0.86

c) 0.41

d) 0.78

e) 0.60

22.

Which one of the following is the abbreviation for the U.S. government coding system that classifies a firm by its specific type of business operations?

a) BID

b) SED

c) SIC

d) SBC

e) BEC

23.

Which one of the following is a measure of long-term solvency?

a) Equity multiplier

b) Receivables turnover

c) Profit margin

d) Quick ratio

e) Price-earnings ratio

24.

Aardvaark & Co. has sales of $291,200, cost of goods sold of $163,300, net profit of $11,360, net fixed assets of $154,500, and current assets of $89,500. What is the total asset turnover rate?

a) 1.08

b) 1.19

c) 1.24

d) 1.28

e) 1.11

26.

Freedom Health Centers has total equity of $861,300, sales of $1.48 million, and a profit margin of 5.2 percent. What is the return on equity?

a) 5.82 percent

b) 7.18 percent

c) 6.49 percent

d) 8.94 percent

e) 8.68 percent

27.

A firm has net income of $5,890 and interest expense of $2,130. The tax rate is 34 percent. What is the firm’s times interest earned ratio?

a) 5.38

b) 5.67

c) 5.19

d) 4.82

e) 6.33

28.

The Saw Mill has a return on assets of 6.1 percent, a total asset turnover rate of 1.8, and a debt-equity ratio of 1.6. What is the return on equity?

a) 12.28 percent

b) 4.26 percent

c) 19.03 percent

d) 15.86 percent

e) 9.76 percent

29.

Healthy Foods has total assets of $129,800, net fixed assets of $71,500, long-term debt of $52,000, and total debt of $78,700. If inventory is $31,800, what is the current ratio?

a) 0.46

b) 2.18

c) 0.84

d) 0.33

e) 1.18

30. Delmont Movers has a profit margin of 6.2 percent and net income of $48,900. What is the common-size percentage for the cost of goods sold if that expense amounted to $379,000 for the year?

a) 23.50 percent

b) 48.05 percent

c) 41.06 percent

d) 12.90 percent

e) 33.25 percent