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The Following Financial Statement Information Is Available for Jones Corporation

question 159

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The following financial statement information is available for Jones Corporation: 20132012 Net sales $784,000$697,000 Cost of goods sold 406,000377,000 Net income 112,00080,000 Tax expense 48,00029,000 Interest expense 14,00014,000\begin{array} { l r r } & { 2013 } &{ 2012 } \\\text { Net sales } & \$ 784,000 & \$ 697,000 \\\text { Cost of goods sold } & 406,000 & 377,000 \\\text { Net income } & 112,000 & 80,000 \\\text { Tax expense } & 48,000 & 29,000 \\\text { Interest expense } & 14,000 & 14,000\end{array} The profit margin ratio for 2013 is


Definitions:

Afferent Nerves

Nerve fibers that carry sensory signals from the body's periphery towards the central nervous system.

Receptors

Specialized cells or proteins in organisms that detect and respond to chemicals, light, and other stimuli.

Effectors

Organs or cells that act in response to a stimulus, often referring to muscles or glands that carry out the body's responses to stimuli.

Afferent Neurons

Nerves that carry messages inward toward the central nervous system.

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