Question 22 Net sales divided by average accounts receivable is the: Answer Days
ID: 2343407 • Letter: Q
Question
Question 22Net sales divided by average accounts receivable is the:
Answer
Days' sales uncollected.
Average accounts receivable ratio.
Current ratio.
Profit margin.
Accounts receivable turnover ratio.
1 points
Question 23
Net income divided by net sales is the:
Answer
Return on total assets.
Profit margin.
Current ratio.
Total asset turnover.
Days' sales in inventory.
1 points
Question 24
Annual cash dividends per share divided by market price per share is the:
Answer
Price-earnings ratio
Price-dividends ratio.
Profit margin.
Dividend yield ratio.
Earnings per share.
1 points
Question 25
The average number of times a company's inventory is sold during an accounting period, calculated by dividing cost of goods sold by the average inventory balance, is the:
Answer
Accounts receivable turnover.
Inventory turnover.
Days' sales uncollected.
Current ratio.
Price earnings ratio.
1 points
Question 26
A company had a market price of $37.50 per share, earnings per share of $1.25, and dividends per share of $0.40. Its price-earnings ratio equals:
Answer
3.1.
30.0.
93.8.
32.0.
3.3.
1 points
Question 27
A company reports basic earnings per share of $3.50, cash dividends per share of $0.75, and a market price per share of $64.75. The company's dividend yield equals:
Answer
1.16%.
2.14%.
4.67%.
5.41%.
18.50%.
Explanation / Answer
22) Accounts receivable turnover ratio 23) Profit margin 24) Dividend yield ratio 25) Inventory turnover ratio 26) Price-earnings ratio = Market price per share / Earning per share = $37.50 / $1.25 = $30 27) Dividend yield = Dividend per share / Market price per share = $0.75 / $64.75 = 1.16%Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.