Use the following selected financial information for Wilcox Corporation to answer questions . Wilcox Corporation
Income Statement
For the Year Ended December 31,2015
Net sales Cost of goods sold Gross profit Operating expenses Operating profit Interest expense Earnings before taxes Income tax expense Net profit $2,8701,985$885620$26540$22580$145 Wilcox Corporation
Balance Sheet
December 31, 2015
Assets Current assets Cash Short-term investments Accounts receivable Inventory Total current assets Long-term assets Net PPE Goodwill Total assets $251570150260390210$860 Liabilities and stockholders’ equity Current liabilities Accounts payable Accrued liabilities Total current liabilities Long-term debt Total liabilities Stockholders’ equity Common stock and PIC Retained earnings Total stockholders’ equity Total liabilities and equity $854513024037080410490$860 WilcoxCorporation
Statement of Cash Flow Information
For the Year Ended December 31, 2015
Cash from operating activities Investing activities: Capital expenditures Acquisitions Financing activities: Proceeds from long-term borrowing Payments on long-term borrowing Payments of cash dividends Cash paid for interest Cash paid for income taxes $150$60$10$50$25$20$10$75
-Wilcox's return on equity is:
Groupthink
is a psychological phenomenon where the desire for harmony and conformity in a group results in an irrational or dysfunctional decision-making outcome, with members minimizing conflict and reaching a consensus without critical evaluation.
Groupthink
A psychological phenomenon in which the desire for harmony and conformity within a group results in an irrational or dysfunctional decision-making outcome.
Opinionated Team Leader
A leader who strongly holds and expresses their personal views and beliefs, influencing team dynamics and decisions.
External Threat
Factors or circumstances outside an organization that pose a risk to its stability, success, or survival.