Use the Following to Answer Questions
Pioneer Industries Gathered

question 9

Multiple Choice

Use the following to answer questions
Pioneer Industries gathered the following year-end data (in thousands) for 2010 and 2009:
$$\begin{array} { l r r } \text { Curent Assets } & \frac { 2010 } { 2009 } & \frac { 2345 } { \$ 365 } \\\text { Long-Tenn Arsets } & 790 & 720 \\\text { Curtert Liabilities } & 280 & 310 \\\text { Long-Term Liabilities } & 410 & 440 \\\text { Owners' Equity } & 445 & 335 \\\text { Net Sales } & 830 & 790 \\\text { Gross Margir } & 375 & 355 \\\text { Net Income } & 120 & 105\end{array}$$
-The DuPont ROI for 2010 was:

• A)53.6 x 32.0% = 17.2%
• B)73.1 x 9.5% =6.9%
• C)74.8 x 14.5% = 10.8%
• D)84.3 x 10.8% = 9.1%

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Definitions:

Court Order

An official proclamation by a judge that defines the legal relationships between the parties to a hearing, a trial, an appeal or other court proceedings.

Repossess

Repossess is the act of a lender or seller taking back property from the borrower or buyer, usually due to failure to meet the terms of payment or other conditions of the agreement.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreement.

PMSI

Purchased Money Security Interest, a legal claim that allows a lender or seller to claim collateral property, prioritized over other creditors, often used in financing agreements for personal property.