The Following Amounts Were Taken from the Financial Statements of Ando

question 11

Multiple Choice

The following amounts were taken from the financial statements of Ando Company: $\begin{array}{lrr}&2017&2016\\\text { Total assets } & \$ 800,000 & \$ 1,000,000 \\\text { Net sales } & 720,000 & 650,000 \\\text { Gross profit } & 352,000 & 320,000 \\\text { Net income } & 108,000 & 117,000 \\\text { Weighted average number of } & & \\\quad \text { common shares outstanding } & 90,000 & 90,000 \\\text { Market price of common stock } & \$ 42 & \$ 39\end{array}$ The profit margin ratio for 2017 is

• A)14%.
• B)16%.
• C)15%.
• D)18%.

Analyze the interests and motivations behind the Cherokee expulsion from Georgia.

Describe the legal and military outcomes related to Native American removals.

Understand the challenges and requirements for American settlement in the Southwest.

Identify the motivations and consequences of American filibustering in Latin America and Mexico.

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Definitions:

Interest Revenue

Earnings received from lending activities or from investments in interest-bearing assets.

Operating Lease

A lease agreement allowing a user to rent an asset without the benefits or responsibilities of ownership, typically with shorter lease terms.

Debt to Stockholders' Equity

A financial ratio that measures the company's financial leverage by comparing its total liabilities to stockholders' equity.

Capital Lease

A lease treated like a purchase by the lessee in accounting, meaning the leased asset is included on the balance sheet, and the corresponding lease obligation is treated as a liability.