Managerial accounting Study Set 9
Quiz 14: Financial Statement Analysis Online
For Year 2,what Was the Net Income Before Taxes as a Percentage
For Year 2,what was the net income before taxes as a percentage of sales? A) 3%. B) 5%. C) 8%. D) 10%.
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For Year 2,what was the net operating income as a percentage of sales? A) 8%. B) 10%. C) 40%. D) 70%.
Between Year 1 and Year 2,what happened to the times interest earned? A) It increased. B) It decreased. C) It remained the same. D) The effect cannot be determined from the data provideD. Yr)1 = (1,200 - 720 - 400)/30 = 2.67 Yr.2 = (1,500 - 900 - 450)/75 = 2.00
Larned Company's earnings per common share for Year 2 was closest to which of the following? A) $11.03. B) $18.39. C) $19.06. D) $27.22.
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