This paper circulates around the core theme of JOHANSON COMPANY Statement of Financial Position December 31, 2008 and 2009 together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
P 11-10 The following data apply
to items (a) through (g):
JOHANSON COMPANY
Statement of Financial Position
December 31, 2008 and 2009
refer attachment for question
Required Answer the following multiple-choice questions:
a The acid-test ratio for 2009 is
1. Il-to-l
2. 0.94».|.
3. 1.8-to-l.
4. 0.2-to-l.
5. 0.17-to-l.
t> Ihc average number ofuayV >jlo MMMding in 2009 i-
1. ISdayi.
2. 360 day*
3. 20divs.
4. 4.4 day*.
5. 80 days.
c. TV timet interest earned ratio for 2009 is
1. 3 0 time*
2. 1.0 bm.
3. 72.0 times
4. 2.0 om«
5. 6.0 times
d The asset turnover m 20O9 u
1. 3J time*
2. 1.7 omn
3. 0.4 trme
4. 1.1 times
5. 0.13 time
e. The inventory turnover in 2009 is
1. 13.6 times
2. 12.5 tines.
3. 0.9 tune
4. 7.0 tunc*
5. 51.4 times
f. The operating income margin in 2009 is
1. 2.7%.
1 91.7%
3.52.5%.
4. 95.8%.
5. 83%
g. Hie dividend payout ratio in 2009 is
1. 100%.
2.36%
3.20%
4. 8.8%.
5.33.3%.
Source: Materials identified as CFA Examinaooo I, June 4,1988, June 6,1987 and June 6,1988 ait reproduced
with permission from the Association for Investment Management and Research and the Institute of Chartered
Financial Analysts.
