question 103
Multiple Choice
Dana Dairy Products Key Ratio
Current Ratio Quick Ratio Average collection Period Inventory Turnover Debt Ratio Times Interest Earned Gross Profit Margin Net Profit Margin Return on total assets Return on Equity Industry Average 1.30.823 days 21.764.7%4.813.6%1.0%2.9%8.2% Actual 20011.00.7530 days 1950%5.512.0%0.5%2.0%4.0% Actual 2002
Income Statement
Dana Dairy Products
For the Year Ended December 31, 2002
Sales Revenue Less: Cost of Goods Sold Gross Profits Less: Operating Expenses Operating Profits Less: Interest Expense Net Profits Before Taxes Less: Taxes (40%) $100,00087,000−⋯$13,00011,000−⋯2,000500−⋯$1,500600
Balance Sheet
Dana Dairy Products
December 31, 2002
ASSETS
Cash Accounts Receivable Inventories Total Current Assets Gross Fixed Assets Less: Accumulated Depreciation Net Fixed Assets Total Assets Liabilities & Stockholders’ Equity Accounts Payable Accruals Total Current Liabilities Long-term Debts Total Liabilities Common Stock Retained Earnings Total Stockholders’ Equity Total Liab. & S.E. $1,0008,9004,350−−−−$14,250$35,00013,25021,750−−−−$36,000$9,0006,675−−−−$15,6754,125−−−−$19,8001,00015,200−−−−$16,200−−−−$36,000
-The gross profit margin and net profit margin for Dana Dairy Products in 2002 are
Definitions:
Core Values
Fundamental beliefs or guiding principles that dictate behavior and action within an organization.
Human Resource Practices
comprise the policies, procedures, and activities involved in managing the workforce of an organization, including hiring, training, development, and compensation.
Workplace Spirituality
An organizational culture that creates meaning and shared community among organizational members.
Occupational Subcultures
Distinctive cultures that emerge within certain occupational groups, characterized by unique values, norms, and behaviors shared among its members.