The Following Information Pertains to Barnum Company: Balance Sheet $31,20 \times 2$

question 117

Multiple Choice

The following information pertains to Barnum Company: Balance Sheet
At December $31,20 \times 2$
$\begin{array}{llll}\text { Current assets } & \$ 18,700 & \text { Current liabilities } & \$ 7,600 \\\text { Long- term ass ets } & 29,700 & \text { Long-term liabilities } & 13,250 \\& & \text { Stockholders' equity } & \underline{27,550}\\\text { Total assets }&\$48,400&\text { Total liabilities and s.e. }&\$48,400\end{array}$
Barnum Company Income Statement
For the Year Ended Decemb er 31, $20 \times 2$
$\begin{array}{ll}\text { Sales } & \$ 106,950 \\\text { Less: Cost of goods sold } & (61,800) \\\text { Gross profit } & \$ 45,150 \\\text { Less: Operating expenses } & \underline{31,700} \\\text { Operating income } & \$ 13,450 \\\text { Less other expenses: interest } & \underline{(1,300) } \\\text { Income before taxes } & \$ 12,150 \\\text { Less: Income tax expense } & \$ 4,850) \\\text { Net income } & \$ 7,300\end{array}$ There were 1,000 shares of common stock outstanding with a market value of $75 as of December 31, 20X2. Dividends declared and paid was $5 per share. The dividend payout ratio for 20X2 is:

• A) 100.0%
• B) 9.7%
• C) 68.5%
• D) 6.7%

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Definitions:

DSM-V

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification and diagnostic tool for mental disorders used by mental health professionals in the U.S.

NANDA

An organization that develops, refines, and promotes terminology that accurately reflects nurses' clinical judgments.

Clinical Judgment

The process by which healthcare professionals make informed decisions based on the synthesis of patient data, knowledge, and experience.

NIC

Nursing Interventions Classification, a comprehensive standardized classification of interventions that nurses perform.