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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:

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Welfare

Government programs designed to assist individuals and families in meeting basic needs, such as food, housing, and healthcare.

Carrot-And-Stick

The carrot-and-stick approach is a motivational technique that combines the promise of reward (carrot) and the threat of punishment (stick) to influence behavior.

Income Redistribution

The transfer of income from some individuals to others by means of a social mechanism such as taxation, charity, welfare, public services, land reform, or monetary policies.

Black Americans

Individuals in the United States who have African ancestry; commonly referred to as African Americans.