Ramos Company Included the Following Information in Its Annual Report

question 26

Multiple Choice

Ramos Company included the following information in its annual report:
$\begin{array}{|l|l|l|l|}\hline & 2011 & 2010 & 2009 \\\hline \text { Sales } & \$ 178,400 & \$ 162,500 & \$ 155,500 \\\hline\text { Cost of goods sold } & 115,000 & 102,500 & 100,000 \\\hline\text { Operating expenses } & 50,000 & 50,000 & 45,000 \\\hline\text { Net incoume } & 13,400 & 10,000 & 10,500 \\\hline \end{array}$
- Refer to the information for Ramos Company. In a percentage change income statement over the period of 2009 to 2011, what is the change in net income?

• A) 100%
• B) 21.6%
• C) 72.4%
• D) 27.6%

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Definitions:

Educational Future

Refers to the prospects, developments, and changes in the domain of education, considering technological advances, societal demands, and new pedagogical theories.

Achievement Gap

The persistent disparity in academic performance or educational attainment between different groups of students, often based on race, ethnicity, or socioeconomic status.

American Education

The system and institutions of learning, including schools and universities, within the United States.

Ladson-Billings

Refers to Gloria Ladson-Billings, an American pedagogical theorist and teacher educator known for her work on culturally relevant pedagogy.