M & M Has Provided the Following Comparative Income Statements

question 131

Essay

M & M has provided the following comparative income statements and supplemental information: Required:
a.Calculate M & M's gross margin percentage for 2021.
b.Calculate M & M's price/earnings ratio for 2021.
c.Calculate M & M's dividend payout ratio for 2021.

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Definitions:

Ingratiation

A psychological technique where an individual attempts to become more likable to their target, often through flattery or other forms of manipulation.

Friendly Mood

A state of being that is marked by feelings of amiability, warmth, and approachability.

Rapport

A relationship of mutual understanding or trust and agreement between people.

Referent Power

A form of power that stems from being admired or respected, leading others to identify with and follow someone.