【導(dǎo)讀】1. QuestionID:19233. Inventoryturnover=8times. Payablesturnover=12times. A.111days.C.51days.D.41days.C. QuestionID:19331. 2. Payablesturnover=12times. Inventoryturnover=8times. A.Average. Receivables. Average. Payables. Average. Inventory. Collection. Processing. Period. 313028. B.Average. Receivables. Average. Payables. Average. Inventory. Collection. Processing. Period. 373052. C.Average. Receivables. Average. Payables. Average. Inventory. Collection. Processing. Period. 374546. D.Average. Receivables. Average. Payables. Average. Inventory. Collection. Processing. Period. 373046. D. SetupText:. SetupText. 3. IneStatement. SalesRevenue16,225. CostofGoodsSold. (COGS)9,097. GrossMargin7,128. WageExpense856. SG&A4,167. 5,589. InefromOperations1,539. OtherIne/Expenses. InterestExpense(551). PretaxIne1,138. IneTax319. NetIne819. BalanceSheet. 12/31/0012/31/99. Assets. CurrentAssets. Cash(167)410. Inventory4,7764,500. PrepaidSG&A855908. Total10,07510,718. Land04,000. Property,Plant,&Equipment11,00011,000. TotalAssets15,30920,518. 4. NetIne819. IncreaseinAccounts. Receivable289. Depreciation566. GainonSaleofLand(150). CashFlowfrom. Investments. SaleofLand4,150. RetirementofLTD(5,426). DividendsPaid(704). NetIncreaseinCash(577). BeginningCash410. EndingCash(167). 12/31/0012/31/99. CurrentLiabilities. AccountsPayable5,1415,140. WagesPayable2,9912,890. Total8,2328,130. 5. Long-termdebt1,9627,388. Equity. CommonStock4,0004,000. RetainedEarnings1,1151,000. Tot

　　

【正文】 pany having issued warrants, convertible securities, or options. D. pany39。s use of antidilutive securities. C A plex structure contains potentially dilutive securities such as options warrants or convertible securities. Where as simple capital structures contain no potentially dilutive securities and contains only mon stock and nonconvertible securities. Question ID: 19338 Examples of potentially dilutive securities include all of the following EXCEPT: A. nonconvertible bonds. 29 B. warrants. C. options. D. convertible preferred stock. A Preferred stock and bonds are only considered to be potentially dilutive if they are convertible. Warrants and options are always considered to be potentially dilutive. Question ID: 18961 All of the following can be considered a potentially dilutive security EXCEPT: A. preferred stock. B. convertible debt. C. warrants. D. stock options. A Not all preferred stock is dilutive. Only convertible preferred stock can be potentially dilutive. Question ID: 22413 A firm with a capital structure made up of mon stock and nonconvertible bonds is said to have a: A. simple capital structure. B. nondiluted capital structure. C. straight capital structure. D. conventional capital structure. 30 A A simple capital structure is one that contains no securities that have the potential to dilute a firm’s earnings per share. For example, convertible bonds, convertible preferred stock, options, and warrants have the potential to dilute earnings per share upon conversion or exercise. Question ID: 22418 For a firm with a simple capital structure, all of the following are necessary to measure basic earnings per share (EPS) EXCEPT: A. number of shares outstanding at the beginning of the year. B. dividends paid to mon shareholders. C. dividends paid to preferred shareholders. D. the timing and number of shares issued or repurchased during the year. B Basic EPS = earnings available to mon shareholders divided by the weighted average number of mon shares outstanding. Earnings available to mon shareholders equals ine preferred dividends. The weighted number of mon shares outstanding equals the number of shares outstanding during the year weighted by the proportion of the year they were outstanding. Question ID: 19339 The standard equation for puting basic earnings per share (EPS) is: A. Basis EPS = [Net Ine – Preferred Dividends]/Weighted Average Number of Common Shares Outstanding. B. [Net Ine Common Dividends] / Weighted Average Number of Common Shares Outstanding. C. Total Assets – Total Liabilities + Stockholder’s Equity. D. [Sales Cost of Goods Sold] / Number of Preferred Shares Outstanding. A 31 Question ID: 22416 At the beginning of 2020, the Alaska Corporation had 2 million shares of mon stock outstanding and no preferred stock. At the end of August, 2020, Alaska issued 600,000 new shares of mon stock. If Alaska reported ine equal to $ million, what was the firm’s earnings per share for 2020? A. $. B. $. C. $. D. $. C EPS = earnings available to mon shareholders divided by the weighted average number of mon shares outstanding. With no preferred shareholders, all of ine is available to the mon shareholders. The weighted average number of shares outstanding equals the original 2 million shares plus 4/12 of the additional 600,000 shares. The 4/12 weight is used because the new shares were only outstanding 4 months of the year. Thus, EPS = $ million / [2 million + (4/12)(600,000)] = $. Question ID: 14723 An analyst has gathered the following information about a pany: ? 110,000 shares of mon outstanding at the beginning of the year. ? The pany repurchases 20,000 of its own mon shares on July 1. ? Earnings are $300,000 for the year. ? 10,000 shares of existing 10 percent cumulative $100 par preferred outstanding that is not in arrears at the beginning or ending of the year. ? The pany also has $1 million in 10 percent callable bonds outstanding. ? The pany has declared a $ dividend on the mon. What is the pany39。s basic Earnings Per Share? A. $. B. $. 32 C. $. D. $. C Interest is already deducted from earnings. (300000 – 100000)/100,000 Question ID: 22415 Last year, the AKB Company had ine equal to $5 million. Combined state and local taxes were 45 percent. The firm paid $1 million to its 1 million mon shareholders and $250,000 to 100,000 preferred shareholders. What was AKB39。s earnings per share (EPS) last year? A. $. B. $. C. $. D. $. B EPS = earnings available to mon shareholders divided by the weighted average number of mon shares outstanding. Earnings available to mon shareholders is ine minus preferred dividends, or $4,750,000 (= $5 million – 250,000) for AKB. Question ID: 22421 The ZZT Company went public on June 1, 1999, by issuing 25 million shares of mon stock. In 2020, the firm raised additional capital by issuing 2 million shares of preferred stock. What is the weighted average number of mon shares outstanding for the year ending December 31, 2020? A. 15,750,000. B. 14,583,333. C. 10,416,667. D. 25,000,000. 33 D The weighted average number of mon shares outstanding is the number of shares outstanding during the year weighted by the portion of the year they were outstanding. Since no new mon shares were issued in 2020, and there were 25 million shares at the end of 1999, there are 25 million shares at the end of 2020. Note that the preferred stock shares do not affect the mon shares outstanding. Question ID: 22419 At the beginning of 2020, Osami Corporation had million shares of mon stock outstanding and no preferred stock. At the end of August 2020, Osami issued million new shares of mon stock. If Osami reporte