Selected Comparative Statement Data for Willingham Products Company Are Presented

question 130

Essay

Selected comparative statement data for Willingham Products Company are presented below. All statement of financial position data are as of December 31. Instructions
Compute the following ratios for 2014:
(a) Profit margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on ordinary shareholders' equity.

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Definitions:

Stroop Task

A task invented by J. R. Stroop in which a participant sees a list of words (color terms) printed in an ink color that differs from the word named (e.g., green printed in blue ink). The participant is asked to name the ink colors of the words in the list and demonstrates great difficulty in doing so relative to a condition in which non-color words form the stimuli.

Prototype

An original model or first form of something from which other forms are copied or developed.

Exemplar

An individual instance or example that is representative of a category or concept, often used in models of categorization in cognitive psychology.