Refer to the Following Selected Financial Information from Shakley's Incorporated

question 107

Multiple Choice

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year 2. $\begin{array}{|l|r|r|}\hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Net sales } & \$ 478,500 & \$ 426,250 \\\hline \text { Cost of goods sold } & 276,300 & 250,120 \\\hline \text { Interest expense } & 9,700 & 10,700 \\\hline \text { Net income before tax } & 67,250 & 52,680 \\\hline \text { Net income after tax } & 46,050 & 39,900 \\\hline \text { Total assets } & 317,100 & 288,000 \\\hline \text { Total liabilities } & 181,400 & 167,300 \\\hline \text { Total equity } & 135,700 & 120,700 \\\hline\end{array}$

• A)14.1%.
• B)33.9%.
• C)11.7%.
• D)9.6%.
• E)16.7%.

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Definitions:

Sex Drive

The biological and emotional urge or desire for sexual activity.

Separate Sex and Love

The idea that sexual attraction and romantic love can exist independently of one another.

Social Psychological Research

The study of how individuals think, behave, and interact within a social context, including the influences of others on thought, feeling, and behavior.

Gender Differences

The distinctions in characteristics, behaviors, or roles typically associated with being male or female, often influenced by social, cultural, and biological factors.