The Following Financial Statement Information Is Available for Jackson Corporation

question 231

Multiple Choice

The following financial statement information is available for Jackson Corporation: $\begin{array}{lrr}&2014&2013\\\text { Net sales } & \$ 784,000 & \$ 697,000 \\\text { Cost of goods sold } & 406,000 & 377,000 \\\text { Net income } & 115,000 & 80,000 \\\text { Tax expense } & 50,000 & 29,000 \\\text { Interest expense } & 15,000 & 14,000\end{array}$ The profit margin for 2014 is

• A) 14.7%.
• B) 16.6%.
• C) 48.2%.
• D) 12.8%.

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Definitions:

Workplace Aggression

Behaviors aimed at causing harm or expressing hostility towards others in a professional setting.

Physical Assault

A violent act where one person inflicts physical harm upon another.

Type B Personality

Type B Personality is characterized by a less competitive, more relaxed approach to life, and a lower level of stress than Type A personality.

Type A Personality

A temperament characterized by intensity, a high work ethic, competitiveness, and a sense of urgency, often associated with stress and frustration.