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The Following Are the Income Statements and Balance Sheets for Coors

question 67

Multiple Choice

The following are the income statements and balance sheets for Coors Company: $\begin{array}{ll}&20X2\\\text { Sales (only credit sales) } & \$ 1,606.0 \\\text { Less cost of goods sold } & \underline{1,062.0} \\\text { Gross profit } & \$ 544.0 \\\text { Less op er ating expenses } & \underline{322.0} \\\text { Operating income } & \$ 222.0 \\\text { Less other expense:Interest } & \underline{9.6} \\\text { Income before tax } & \$ 212.4 \\\text { Less income tax expense } & \underline{\$ 5.0} \\\text { Net income } & \$ 127.4\end{array}$
$The following are the income statements and balance sheets for Coors Company: \begin{array}{ll}&20X2\\ \text { Sales (only credit sales) } & \$ 1,606.0 \\ \text { Less cost of goods sold } & \underline{1,062.0} \\ \text { Gross profit } & \$ 544.0 \\ \text { Less op er ating expenses } & \underline{322.0} \\ \text { Operating income } & \$ 222.0 \\ \text { Less other expense:Interest } & \underline{9.6} \\ \text { Income before tax } & \$ 212.4 \\ \text { Less income tax expense } & \underline{\$ 5.0} \\ \text { Net income } & \$ 127.4 \end{array} The dividend- yield ratio for Coors Company in 20X2 is: A) 1.6% B) 4.9% C) 124.5% D) 8.2%$ The dividend- yield ratio for Coors Company in 20X2 is:

Definitions:

Co-Owner

An individual or entity that holds ownership rights in property or assets jointly with one or more parties.

Court Order

An official directive issued by a judge that requires a person or entity to do or refrain from doing something.

Restrictive Covenant

In property law, a condition imposed by the seller as to what the purchaser can use the land for; in employment law, a commitment not to work in a certain geographical area for a designated period of time.

Easement

The right of a person other than the owner to use a portion of private property.