Business, 10.03.2020 19:34, maddy6882

Selected financial information for Lambert Company is presented in the following table. Sales $840,000.00 Cost of Merchandise Sold $400,000.00 Total Operating Expenses $360,000.00 Net Income after Federal Income Taxes $68,000.00 Quick Assets $38,000.00 Current Assets $95,000.00 Total Assets $175,000.00 Total Liabilities (all current) $25,000.00 Dividends per Share $3.00 Market Price $60.00 Number of Shares Outstanding 10,000 For each of the following items, select the choice in the Answers column that best completes the statement. Answers 1. 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% (N) 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% (N) 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.'

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Selected financial information for Lambert Company is presented in the following table. Sales $840,0...