The earnings per share is (A) $3.00 (B) $14.70 (C) $6.80 (D) 8.1% (p. 533) 1. 2. The debt ratio is (A) 26.3% (B) 14.3% (C) 7.00 (D) 17.0% (p. 526) 2. 3. The current ratio is (A) $70,000.00 (B) 0.74 (C) 54.3% (D) 3.80 (p. 535) 3. 4. The dividend yield is (A) 5.00% (B) 0.03% (C) 20.00% (D) 10.00% (p. 534) 4. 5. The gross margin is (A) 42.9% (B) 9.5% (C) 52.4% (D) 54.3% (p. 518) 5. 6. The price-earnings ratio is (A) 8.8 (B) 17.6 (C) 5.0% (D) 11.3% (p. 534) 6. 7. The operating margin is (A) 19.0% (B) 42.9% (C) 54.3% (D) 9.5% (p. 519) 7. 8. The working capital is (A) $95,000.00 (B) $70,000.00 (C) $120,000.00 (D) 26.3% (p. 535) 8. 9. The operating expense ratio is (A) 54.3% (B) 47.6% (C) 42.9% (D) 9.5% (p. 519) 9. 10. The gross profit margin is (A) 52.4% (B) 54.3% (C) 47.6% (D) 42.9% (p. 518) 10. 11. The quick ratio is (A) 0.4 (B) 1.5 (C) 0.2 (D) 2.5 (p. 535) 11. Save

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation