Jensen's Shipping Has Total Assets of $694,800 at Year's End

question 96

Multiple Choice

Jensen's Shipping has total assets of $694,800 at year's end. The beginning owners' equity was $362,400. During the year, the company had sales of $711,000, a profit margin of 5.2 percent, a tax rate of 21 percent, and paid $12,500 in dividends. What is the equity multiplier at year-end?

• A) 1.67
• B) 1.72
• C) 1.93
• D) 1.80
• E) 1.86

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Definitions:

Personality Traits

Enduring characteristics or qualities that constitute an individual's unique and consistent patterns of feeling, thinking, and behaving.

Esteem Needs

Refers to the need for respect, self-esteem, and respect from others, constituting one of the higher levels in Maslow's hierarchy of needs.

Psychoanalytic Theory

A theoretical framework developed by Freud that emphasizes unconscious mental processes and childhood experiences in shaping behavior and personality.

Childhood Experiences

Events and interactions during the early years of life that significantly influence one's personality, behavior, and psychological development.