The Following Are the Income Statements and Balance Sheets for Coors

question 19

Multiple Choice

The following are the income statements and balance sheets for Coors Company: $\begin{array}{ll}&20X2\\\text { Sales (only credit sales) } & \$ 1,606.0 \\\text { Less cost of goods sold } & \underline{1,062.0} \\\text { Gross profit } & \$ 544.0 \\\text { Less operating expenses } & \underline{322.0} \\\text { Operating income } & \$ 222.0 \\\text { Less other expense: Interest } & \underline{9.6} \\\text { Income before tax } & \$ 212.4 \\\text { Less income tax expens e } & \underline{85.0} \\\text { Net income } & \$ 127.4\end{array}$
$\begin{array}{llllll}\text { Curpentacsete: } & 20 \times 2 & 20 \times 1 & \text { Curpentliah. } & 20 \times 2 & 20 \times 1\\\text { C ash } & \$ 36 & \$ 38 & \text { Accts payable } & \$ 98 & \$ 64 \\\text { Accts receivable } & 180 & 144 & \text { W ages payable } & 18 & 16 \\\text { Inventory } & 120 & 100 & \text { Taxes payable } & 28 & 4 \\\text { Prep aid rent } & \underline{20} & \underline{24} & \text { Current portion } & &\\\text { Total current as sets } & \$ 356 & \$ 306 & \text { of long-term debt } & 30 & 6\\\text { Long-term assets: }&&&\text { Total current }\\\text { Fixed ass ets } & \$ 320 & \$ 316 & \text { liabilities } & \$ 174 & \$ 90 \\\text { Accum. deprec. } & (206) & (180) & \text { Long-term liabilities } & \underline{66} & \underline{92}\\\text { Total long- term } & \$ 114 & \$ 136 & \text { Total liabilities } & \$ 240 & \$ 182\\\text { assets }&&&\text { Owners' equity: }\\\end{array}$ $\begin{array}{lll}\text { Common stock, } \$ 5 \text { par } & \$ 80 & \$ 80 \\\text { Retained income } & \underline{150} & \underline{180} \\\text { Total owners' equity } & \$ 230 & \$ 260 \\\text { Total liab. }\\\text { and own. equity } & \$ 470 & \$ 442\\\text { Total ass ets } &\$ 470 & \$ 442\\\text { December } 31 \text { market price per share: } & \$ 120& \$ 106\end{array}$ The average collection period in days for Coors Company in 20X2 is:

• A) 464.1 days
• B) 5.0 days
• C) 40.9 days
• D) 36.8 days

Analyze factors influencing patterns of species diversity and distribution.

Describe the ecological impacts of human activities on climate and biodiversity.

Explain the processes that shape Earth’s climate zones and the distribution of biomes.

Recognize the importance of ecological scales and their interconnectedness.

---

Definitions:

Velcro-type Tourniquet

A device that uses Velcro to tightly wrap and compress a limb, restricting blood flow to control bleeding or for medical procedures.

Venipuncture

The puncture of a vein, typically using a needle, to withdraw blood for testing or to administer medications.

Phlebotomy

Process of collecting blood.

Specimen Log Book

A record book used for tracking the collection, receipt, and analysis of specimens in a laboratory or health facility.