question 99
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
-Using the modified DuPont formula allows the analyst to break Dana Dairy Products return on equity into 3 components:. Which of the following mathematical expressions represents the modified DuPont formula relative to Dana Dairy Products' 2002 performance? (See Figure 3.2)
Definitions:
Culture's Information
The knowledge, beliefs, customs, practices, and social behavior of a particular nation, society, or group.
Inconsiderate Behavior
Actions or attitudes that show a lack of concern or thoughtfulness for the feelings or welfare of others.
Clipped Tone
A manner of speech characterized by abrupt endings and short vowel sounds, often perceived as curt or brusque.
Tradeoffs
The concept of giving up one benefit or advantage to gain another, often considered in decision-making processes.