Reference: 13-07
Financial Statements for Orantes Company Appear Below:
Orantes

question 15

Multiple Choice

Reference: 13-07
Financial statements for Orantes Company appear below:
Orantes Company
Balance Sheet
December 31, 20X6 and 20X5
(dollars in thousands) $\begin{array}{|l|l|l|}\hline & 20 X 6 & 20 X 5 \\\hline \text { Current assets: } & & \\\hline \text { Cash and marketable securities } & \$ 120 & \$ 100 \\\hline \text { Accounts receivable, net } & 180 & 160 \\\hline \text { Inventory } & 130 & 130 \\\hline \text { Prepaid expenses } & 50 & 50 \\\hline \text { Total current assets } & 480 & 440 \\\hline \text { Noncurrent assets: } & & \\\hline \text { Plant \& equipment, net } & 2,010 & 1,970 \\\hline \text { Total assets } & \$ 2,490 & \$ 2,410 \\\hline & & \\\hline \text { Current liabilities: } & & \\\hline \text { Accounts payable } & \$ 120 & \$ 120 \\\hline \text { Accrued liabilities } & 30 & 40 \\\hline \text { Notes payable, short term } & 170 & 170 \\\hline \text { Total current liabilities } & 320 & 330 \\\hline \text { Noncurrent liabilities: } & & \\\hline \text { Bonds payable } & 270 & 300 \\\hline \text { Total liabilities } & 590 & 630 \\\hline \text { Shareholders' equity: } & & \\\hline \text { Preferred shares, \$10 par, 10\% } & 120 & 120 \\\hline \text { Common shares, \$10 par } & 200 & 200 \\\hline \text { Additional paid-in capital--common shares } & 270 & 270 \\\hline\end{array}$ Orantes Company
Income Statement
For the Year Ended December 31, 20X6 (dollars in thousands) $$\begin{array} { | l | r | } \hline \text { Sales (all on account) } & \$ 2,510 \\\hline \text { Cost of goods sold } & 1,750 \\\hline \text { Gross margin } & 760 \\\hline \text { Operating expenses } & 300 \\\hline \text { Net operating income } & 460 \\\hline \text { Interest expense } & 30 \\\hline \text { Net income before taxes } & 430 \\\hline \text { Income taxes (30\%) } & 129 \\\hline \text { Net income } & \$ 301 \\\hline\end{array}$$ Dividends during 20X6 totalled $181 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, 20X6 was $280.
-Orantes Company's return on total assets for 20X6 was closest to:

• A)13.1%.
• B)12.7%.
• C)11.4%.
• D)12.3%.

Identify and describe the roles played by family members in an addicted family system.

Recognize and understand the therapeutic approaches and treatments for substance use disorders (SUD), including Multidimensional Family Therapy (MDFT) and Brief Strategic Family Therapy (BSFT).

Comprehend the principles of Bowenian Theory and its application in counseling.

Distinguish between different family dynamics, such as homeostasis, boundaries, triads, and subsystems.

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Definitions:

International Markets

Markets that extend beyond national borders, offering opportunities and challenges for trading and investment internationally.

Media Fragmentation

The process through which the number of media sources increases and the audience divides across them, making it harder to reach a large, unified audience.

Mass Audience

A large, broad group of people to whom media content, advertising, or marketing campaigns are directed.

Customer Satisfaction

A measurement of how products and services supplied by a company meet or surpass customer expectation.