Practice Question 32
For what purpose might a company use free cash flow?
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Acquire property, plant, and equipment |
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All of the answer choices are correct |
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Practice Question 12
Earnings per share is computed by dividing net income
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less preferred stock dividends by the average common shares outstanding. |
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less preferred stock dividends by the ending common shares outstanding. |
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by the average common shares outstanding. |
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by the ending common shares outstanding. |
Practice Question 17
The following balances and amounts were taken from the financial statements of Ortiz, Inc. The data are presented in alphabetical order.
| Accounts payable |
$35,000 |
Cash provided by operations |
$90,000 |
| Accounts receivable |
37,500 |
Net income |
36,000 |
| Average common shares |
20,000 |
Salaries and wages payable |
8,000 |
| Average current liabilities |
110,000 |
Stockholders’ equity |
240,000 |
| Average and total assets |
600,000 |
Total current assets |
300,000 |
| Average total liabilities |
320,000 |
Total current liabilities |
120,000 |
| Cash |
100,000 |
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How much is earnings per share?
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Practice Question 22
The current ratio is a liquidity ratio that is computed as current assets divided by current liabilities.
Practice Question 27
Which of the following ratios measures the ability of the company to survive over a long period of time?
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Practice Question 22
The current ratio is a liquidity ratio that is computed as current assets divided by current liabilities.
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