question 28
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 How much is return on common stockholders' equity for Cross, Inc.for 2018?
Definitions:
Propanoic Acid
A naturally occurring carboxylic acid with the formula C3H6O2, commonly used as a food preservative.
Valeric Acid
An organic compound with the formula C5H10O2, known for its unpleasant odor, used in the synthesis of esters for fragrance or flavoring.
Butanoic Acid
An organic compound with the formula C4H8O2, known for its unpleasant smell and used in manufacturing various esters.
Line Structure
A simplified representation of a chemical structure, showing the arrangement of atoms and bonds in a molecule using lines.