Examlex
Given the balance sheet and income state for Simmons Maintenance Company, compute the ratios that are also shown for the industry average. For each ratio, indicate whether Simmons is better or worse than the industry average.
Cash Dividend
A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.
Stockholders' Equity
The residual interest in the assets of a corporation that remains after deducting liabilities, representing the ownership interest of shareholders.
Preferred Dividends
Dividends that are paid to preferred shareholders before any dividends are paid to common shareholders.
GAAP
GAAP, or Generally Accepted Accounting Principles, are a set of accounting standards and procedures used in the United States to govern financial reporting and ensure consistency across industries.
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