financial statements of Leaf Company

financial statements of Leaf Company

The
following amounts were taken from the financial statements of Leaf Company:

2014
2013

Total assets $800,000 $880,000

Net sales 720,000 650,000

Gross profit 352,000 320,000

Net income 126,000 117,000

Weighted average number of common shares outstanding 90,000 90,000

Market price of common stock $35 $39

The return on assets ratio for 2014 is

a. 15.8%.

b. 15%.

c. 14.3%.

d. 14.5%.

133. The following amounts were taken from the
financial statements of Leaf Company:

2014
2013

Total assets $900,000 $1,000,000

Net sales 840,000 650,000

Gross profit 352,000 320,000

Net income 138,600 117,000

Weighted average number of common shares outstanding 90,000 90,000

Market price of common stock $35 $39

The profit margin ratio for 2014 is

a. 15.4%.

b. 44.9%.

c. 16.5%.

d. 10.7%.

134. The following amounts were taken from the financial statements
of Leaf Company:

2014
2013

Total assets $800,000 $1,000,000

Net sales 720,000 650,000

Gross profit 352,000 320,000

Net income 150,000 117,000

Weighted average number of common shares outstanding 50,000 90,000

Market price of common stock $64.50 $39

MC 134. (Cont.)

The price-earnings ratio for 2014 is

a. 21.5
times.

b. 36
times.

c. 4.5
times.

d. 3.0
times.


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