The Following Financial Statement Information Is Available for Penn Corporation

question 102

Multiple Choice

The following financial statement information is available for Penn Corporation: $\begin{array}{lrr}&2017&2016\\\text { Stockholders' equity - common } & \$ 350,000 & \$ 270,000 \\\text { Net sales } & 784,000 & 697,000 \\\text { Cost of goods sold } & 406,000 & 377,000 \\\text { Net income } & 115,000 & 80,000 \\\text { Inc tax expense } & 48,000 & 29,000 \\\text { Interest expense } & 14,000 & 14,000\\\text { Dividends paid to preferred }\\\text { stockholders }&24,000&20,000\\\text { Dividends paid to common }\\\text { stockholders }&15,000&10,000\end{array}$ The return on common stockholders' equity for 2017 is

• A) 21.7%.
• B) 32.9%.
• C) 28.6%.
• D) 29.4%.

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Definitions:

Deviant Activities

Behaviors that violate societal norms or expectations, ranging from minor infractions to significant crimes.

Pseudo Explanation

An explanation that seems plausible on the surface but is actually unfounded or misleading, often lacking scientific or logical basis.

Deviant Behavior

Actions that diverge from the social norms and expectations of a particular society or community, which can be criminal or non-criminal.

Choice

Choice involves the act of selecting or making a decision among a set of alternatives, implying the freedom to decide.