Matthews Company Presented Below Is Selected Financial Information for Matthews

question 103

Multiple Choice

Matthews Company Presented below is selected financial information for Matthews Corporation for the most recent fiscal year ended December 31 ($ millions)
$$\begin{array} { | l | r | l | r | } \hline \text { Current assets: } & & \text { Current liabilities: } & \\ \hline \text { Cash and cash equivalents } & \$ 2,472 & \text { Accounts payable } & \$ 5,020 \\\hline \text { Short-term investment } & 1,486 & \text { Other current liabilities } & 2,747 \\\hline \text { Receivables, net } & 1,300 & \text { Total current liabilities } & 7,767 \\\hline \text { Merchandise inventories } & 5,184 & \text { Noncurrent liabilities } & 2,489 \\\hline \text { Other current assets } & 1,397 & \text { Shareholders' Equity } & 5,000 \\\hline \text { Total current assets } & \$ 11,839 & \text { Total liabilities and shareholders' equity } & \$ 15,256 \\\hline \text { Noncurrent assets } & 3,417 & & \\\hline \text { Total assets } & \$ 15,256 & & \\\hline\end{array}$$ $$\begin{array} { | l | r | } \hline \text { Revenues } & \$ 40,339 \\\hline \text { Costs and Expenses } & 38,889 \\\hline \text { Operating Income } & \$ 1,450 \\\hline \begin{array} { l } \text { Other income/expense (including interest expense of } \\\$ 90 ) \end{array} & ( 73 ) \\\hline \text { Income before income tax } & 1,377 \\\hline \text { Income tax expense } & ( 161 ) \\\hline \text { Net income } & \$ 1,216 \\\hline\end{array}$$ $\begin{array}{l}\text { Previous Year's Financial Data }\\\begin{array}{ll}\text { Total Assets } & \$ 14,113 \\\text { Shareholder's' Equity } & \$ 3,709\end{array}\end{array}$

The return on assets for Matthews Corporation is ________. (Round your answer to two decimal places, X.XX.)

• A) 8.62%
• B) 7.97%
• C) 8.28%
• D) 10.27%

Grasp the roles, responsibilities, and strategies of party leadership and members in legislative processes.

Identify the structure, function, and powers of various congressional committees.

Comprehend the processes and significance of congressional actions including bill passing, filibusters, and vetoes.

Recognize the impact of congressional terms and constituency diversity on legislative behavior and priorities.

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Definitions:

Cultural Influences

The effects that the customs, traditions, and social values of a community or society have on the attitudes and behaviors of its members.

Interpersonal Relationships

Emotional or social associations or connections between two or more people.

Immature Moral Reasoning

A level of moral development in which individuals make decisions based on their own interests and the immediate consequences, without considering society's norms and laws.

Universal Moral Reasoning

The concept that there are fundamental principles of right and wrong that are recognized across all cultures and societies.