question 125
Multiple Choice
Comparative financial statements for Bent Stew Enterprises are shown below: Assets Current assets: Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment, net Intangible assets, net Total assets Liabilities and Stockholders’ Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term debt Total liabilities Stockholders’ equity: Common stock Additional paid-in capital Retained earnings Total stockholders’ equity Total liabilities and stockholders’ equity Sales Cost of goods sold Gross margin Operating expenses Operating income Interest expense Earnings before income taxes Income taxes Net earnings December 312018$3,0008,50012,0001,40024,900103,60064,000$192,500$11,00011,80022,800120,000142,80015,00020,00014,70049,700$192,500 Year Ended December 312018$250,000164,00086,00064,00022,0007,50014,5007,800$6,7002017$8006,0008,20090015,900123,30047,000$186,200$12,0003,20015,200128,000143,20015,00020,0008,00043,000$186,2002017$230,000142,30087,70054,00033,7005,90027,8007,140$20,680 How much is the company's gross margin percentage for 2018?
Definitions:
Lipreading
The practice of understanding speech by visually interpreting the movements of the lips, face, and tongue, used by individuals with hearing loss.
Hearing-Impaired
A term describing individuals who have partial or total inability to hear; may also be referred to as hearing loss.
Facial Expressions
The movements of the facial muscles that convey emotions or reactions to stimuli, serving as a key aspect of non-verbal communication.
Opacity of the Lens
A condition, often referred to as cataract, where the lens of the eye becomes cloudy or opaque, affecting vision.