$\text { Dana Dairy Products Key Ratio }$ Income Statement
Dana Dairy Products
for the Year Ended December

question 42

Multiple Choice

$\text { Dana Dairy Products Key Ratio }$
$\begin{array}{lll}\hline&\text { Industry } & \text { Actual } & \text { Actual } \\&\text { Average } & 2001 & 2002\\\hline\text { Current Ratio } & 1.3 & 1.0 \\\text { Quick Ratio } & 0.8 & 0.75 \\\text { Average collection Period } & 23 \text { days } & 30 \text { days } \\\text { Inventory Turnover } & 21.7 & 19 \\\text { Debt Ratio } & 64.7 \% & 50 \% \\\text { Times Interest Earned } & 4.8 & 5.5 \\\text { Gross Profit Margin } & 13.6 \% & 12.0 \% \\\text { Net Profit Margin } & 1.0 \% & 0.5 \% \\\text { Return on total assets } & 2.9 \% & 2.0 \% \\\text { Return on Equity } & 8.2 \% & 4.0 \%\end{array}$
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2002
$$\begin{array} { l c } \hline \text { Sales Revenue } & \$ 100,000 \\\text { Less: Cost of Goods Sold } & 87,000 \\& - \cdots \\\text { Gross Profits } & \$ 13,000 \\\text { Less: Operating Expenses } & 11,000 \\& - \cdots \\\text { Operating Profits } & 2,000 \\\text { Less: Interest Expense } & 500 \\& - \cdots \\\text { Net Profits Before Taxes } & \$ 1,500 \\\text { Less: Taxes } ( 40 \% ) & 600\end{array}$$
Balance Sheet
Dana Dairy Products
December 31, 2002
ASSETS
$\begin{array}{lr}\hline \text { Cash } & \$ 1,000 \\\text { Accounts Receivable } & 8,900 \\\text { Inventories } & 4,350\\&----\\\text { Total Current Assets } & \$ 14,250 \\\text { Gross Fixed Assets } & \$ 35,000 & \\\text { Less: Accumulated Depreciation } & 13,250 \\\text { Net Fixed Assets }&21,750\\&----\\\text { Total Assets }&\$36,000\\\\\text { Liabilities \& Stockholders' Equity }\\\hline\text { Accounts Payable } & \$ 9,000 \\\text { Accruals } & 6,675\\&----\\\text { Total Current Liabilities } & \$ 15,675 \\\text { Long-term Debts } & 4,125\\&----\\\text { Total Liabilities }&\$19,800\\\text { Common Stock } & 1,000 \\\text { Retained Earnings } & 15,200\\&----\\\text { Total Stockholders' Equity }&\$16,200\\&----\\\text { Total Liab. \& S.E. }&\$36,000\end{array}$
-The debt ratio for Dana Dairy Products in 2002 is (See Figure 3.2)

• A) 11 percent.
• B) 44 percent.
• C) 50 percent.
• D) 55 percent.

Understand the biological underpinnings of aggression and the role of the brain in regulating impulsive behaviors.

Recognize the phenomena of narcissism, hostile attribution bias, and the weapons effect in the context of aggression.

Differentiate between justified and unjustified aggression and its impact on an individual's behavior.

Comprehend the societal and cultural dimensions of aggression, including the significance of honor cultures.

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Definitions:

Wealthy Defendant

A term not typically used in a specific legal context, but generally refers to a defendant in a legal action who has significant financial resources.

Wrongful Conduct

Actions or behaviors by an individual or entity that are illegal or morally inappropriate.

Compensatory Damages

Monetary compensation awarded to a plaintiff to cover actual losses, damages, or injuries as directly resulting from the actions of the defendant.

Intentional Tort

A civil wrong resulting from actions deliberately undertaken by one person intending to cause harm or injury to another.