Q43. Review of activity ratios Calculate the following activity ratios based on the information below: (1) Assets turnover ratio (2) Inventory turnover ratio (3) Accounts
Q42. Review of profitability ratios Calculate the following profitability ratios based on the information below: (1) Profit margin ratio (2) Gross profit ratio (3) Return
Section 8. Review Questions Q41. Review of financial statements What are the financial statements prepared by an entity? A41. (1) Balance sheet (2) Income statement
Q40. Dividend yield How is the dividend yield calculated? A40. Dividend yield = (A) / (B) Where, (A) = Annual dividends per common share (B)
Q39. Dividend payout ratio How is the dividend payout ratio calculated? A39. Dividend payout ratio = (A) / (B) Where, (A) = Cash dividends declared
Q36. Merchandise transactions Entity A had the following transactions: (1) May 1, 20×1: Purchased 260 units of merchandise at $10 per unit and paid $2,600