The Following Amounts Were Taken from the Financial Statements of Leaf

question 91

Multiple Choice

The following amounts were taken from the financial statements of Leaf Company: $\begin{array}{lrr}&2017&2016\\\text { Total assets } & \$ 900,000 & \$ 1,000,000 \\\text { Net sales } & 840,000 & 650,000 \\\text { Gross profit } & 352,000 & 320,000 \\\text { Net income } & 138,600 & 117,000 \\\text { Weighted average number of common shares outstanding } & 90,000 & 90,000 \\\text { Market price of common stock } & \$ 35 & \$ 39\end{array}$ The profit margin for 2017 is

• A)15.4%.
• B)44.9%.
• C)16.5%.
• D)10.7%.

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Definitions:

Bibliographic Information

Bibliographic information refers to the details required to identify and locate a publication or source, which can include the author, title, publisher, publication date, and page numbers.

Independent Variable

The element within an experiment that is varied or adjusted by the scientist to see how it influences the dependent variable.

Control Group

A group in an experiment that does not receive the treatment or intervention and is used as a benchmark to measure how the other tested subjects do.

Correlation

An index quantifying the relationship in the variability of two or more variables.