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Ratio Analysis Quiz: Results

1. Calculate the Fixed Assets Turnover given that Sales = $1445 and Net Fixed
Assets = $1175.
a. -0.83
b. 0.13
c. 1.23
d. 1.92
Your Answer: c
Correct
Answer:

Explanation:
The Fixed Assets Turnover is calculated as follows:
Sales
Fixed Assets Turnover

1445
=

Net Fixed Assets

= 1.23
1175

2. Calculate the Market to Book Ratio given that Total Equity = $1035, Number
of Shares Outstanding = 1612 and the Stock Price = $ 7.
a. 10.1
b. 10.66
c. 10.9
d. 11.42
Your Answer: c
Correct
Answer:

Explanation:
The Book Value per Share is calculated as follows:

Total Owners' Equity


Book Value per Share =

1035
=

Number of Shares
Outstanding

= 0.64
1612

Then, the Market to Book Ratio is calculated as follows:


Price per Share
Market to Book Ratio

7
=

Book Value per Share

= 10.9
0.64

3. Calculate the Total Assets Turnover given that Sales = $651 and Total Assets
= $938.
a. -1.06
b. -0.33
c. 0.69
d. 1.56
Your Answer: c
Correct
Answer:

Explanation:
The Total Turnover is calculated as follows:
Sales
Total Turnover

651
=

Total Assets

= 0.69
938

4. Calculate the Inventory Turnover given that COGS = $2248 and Inventory =
$432.
a. 4.2
b. 5.2

c. 6.44
d. 7.45
Your Answer: b
Correct
Answer:

Explanation:
The Inventory Turnover is calculated as follows:
COGS
Inventory Turnover

2248

=
Inventory

= 5.2
432

5. Calculate the Total Assets Turnover given that Sales = $1657 and Total Assets
= $2243.
a. 0.74
b. 1.59
c. 2.21
d. 3
Your Answer: a
Correct
Answer:

Explanation:
The Total Turnover is calculated as follows:
Sales
Total Turnover

1657
=

Total Assets

= 0.74
2243

6. Calculate the Debt Ratio given that Total Assets = $1945 and Total Owners'
Equity = $1159.
a. 39.01%
b. 39.75%

c. 40.41%
d. 40.96%
Your Answer:
Correct
Answer:

Explanation:
The Debt Ratio is calculated as follows:
Total Assets - Total Owners' Equity
Debt Ratio =

1945 - 1159
=

Total Assets

= 40.41%
1945

7. Calculate the Quick Ratio given that Current Assets = $1528, Inventory =
$475. and Current Liabilities = $1340.
a. 0.3
b. 0.79
c. 1.38
d. 1.61
Your Answer: b
Correct
Answer:

Explanation:
The Quick Ratio is calculated as follows:
Current Assets - Inventory
Quick Ratio

1528 - 475
=

Current Liabilities

= 0.79
1340

8. Calculate the Receivables Turnover given that Sales = $1128 and Accounts
Receivable = $156.
a. 6.58
b. 7.23

c. 7.71
d. 8.32
Your Answer: b
Correct
Answer:

Explanation:
The Receivables Turnover is calculated as follows:
Sales
Receivables Turnover

1128
=

Accounts Receivables

= 7.23
156

9. Calculate the Debt Ratio given that Total Assets = $2050 and Total Debt =
$1035.
a. 50.49%
b. 51.07%
c. 51.4%
d. 52.21%
Your Answer: a
Correct
Answer:

Explanation:
The Debt Ratio is calculated as follows:
Total Debt
Debt Ratio

1035
=

Total Assets

= 50.49
2050

10. Calculate the Profit Margin given that Net Income = $1366 and Sales =
$2645.
a. 51.13%
b. 51.64%

c. 52.52%
d. 53.38%
Your Answer: b
Correct
Answer:

Explanation:
The Profit Margin is calculated as follows:
Net Income
Profit Margin

1366
=

Sales

= 51.64%
2645