question 10
Multiple Choice
Comparative financial statements for Cross, Inc.are shown below: Assets Current assets: Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant and equipment, 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 Retained earnings Retained earnings Total stockholders’ equity Total liabilities and stockholders’ equity Net sales Cost of goods sold Gross margin Operating expense Operating income Interest expense Earnings before tax Income taxes Net income December 312018$89,103142,00096,70821,203349,014822,576$1.171.590$85,44338,112123,555302,430425,985600,000145,60514,700745,605$1,171,590 Year Ended December 312018$17,005,85212,250,2574,755,5953,585,6571,169,93828,5001,141,438342,431$799,0072017$68,203135,00085,6945,118294,015718,144$1012,159$62,39433,50795,901290,324386,225600,00025,9348,000625,934$1,012,1592017$13,809,5859,825,6143,983,9713,400,258583,71327,300556,413166,924$389,489 Which one of the following is revealed by horizontal analysis of Cross, Inc.during the 2018 and 2017 years?
Definitions:
Random Assignment
A method of assigning participants that ensures each participant has an equal chance of being assigned to the experimental group or control group.
Experimental Group
The group in an experimental study that receives the treatment or intervention being tested.
Control Group
A group in an experiment that does not receive the treatment or intervention being tested, allowing for comparison with the experimental group.
Open-ended Interviews
A qualitative research technique involving unstructured conversations that allow for an exploration of the interviewee's thoughts and feelings without predefined answers.