The Following Data (In Thousands) Is Available for Chang Company

question 60

Multiple Choice

The following data (in thousands) is available for Chang Company. The subtotal of the last equity and liabilities classification on the 2014 Statement of Financial Position is:

• A) ¥3,850.
• B) ¥2,622.
• C) ¥26,126.
• D) ¥2,888.

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Definitions:

Profit Margin

A financial metric used to assess a company's financial health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold.

Total Asset Turnover

A financial metric that measures a company's efficiency in using its assets to generate sales or revenue.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue; often referred to as the bottom line.

Average Total Assets

A financial metric calculated by averaging a company's total assets over a certain period, used to measure a company's asset utilization efficiency.