question 62
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 return on equity for Dana Dairy Products for 2002 is
Definitions:
Operant Conditioning
An educational method where the intensity of an action is altered through rewards or penalties.
Spontaneous Recovery
The reappearance of a previously extinguished response after a period without exposure to the conditioned stimulus.
Extinction
In psychology, the process by which a previously reinforced response diminishes and eventually disappears when reinforcement is no longer provided.
Spontaneous Recovery
The reappearance of a previously extinguished conditioned response after a period of no exposure to the conditioned stimulus.