The Following Financial Statement Information Is Available for Jones Corporation

question 159

Multiple Choice

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

• A)14.3%.
• B)16.1%.
• C)48.2%.
• D)11.7%.

Know basic techniques for shortening sentences to improve readability.

Define and identify a topic sentence within a paragraph.

Learn ways to avoid uneconomical wording for clearer business messages.

Enumerate major transitional devices that contribute to paragraph coherence.

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Definitions:

Surviving

Surviving refers to the act or process of continuing to live or exist, especially in spite of challenging circumstances or threats to existence.

R-Selected Species

Species characterized by high reproductive rates, short lifespans, and a focus on quantity of offspring rather than quality.

Lifespan

The maximum duration of life for an individual of a species.

Scramble Competition

A form of competition where resources are shared equally among competitors, leading to reduced growth and reproduction for all.