Use the Following Information About Sanibel Corporation to Calculate the Following

question 6

Essay

Use the following information about Sanibel Corporation to calculate the following ratios for 2011 (assume an effective tax rate of 35%):
a.Return on Assets
b.Profit margin for ROA
c.Assets Turnover
d.Return on Common Shareholders' Equity
e.Profit Margin for ROCE
f.Accounts Receivable Turnover
g.Inventory Turnover
h.Fixed Asset Turnover
Sanibel Corporation
Balance Sheet
$\begin{array}{l}\begin{array}{lll}\text {As of December 31 ,}\\\text {Assets:}\\\text {Cash and cash equivalents}\\\text {Accounts Receivable}\\\text {Inventory}\\\text {Current Assets}\\\end{array}\begin{array}{lll}2011&2010\\\\\$ 712,300 & \$ 425,000 \\408,000 & 106,250 \\510.000 & 612.000\\1,630,300 & 1,143,250\\\end{array}\end{array}$
$\begin{array}{l}\begin{array}{lll}\text {Equipment}\\\text {Less: Accumulated depreciation}\\\text {Land}\\\\\text {Total assets}\\\end{array}\begin{array}{lll}714,000 & 654,500 \\(238,000) & (119,000) \\425,000 & 170,000 \\\\\$ 2,531,300&\$ 1,848,750\\\end{array}\end{array}$
$\begin{array}{lrrr}\text { Liabilities }\\\text { Accounts Payable } & \$ 297,500 & \$ 382,500 \\\text { Accrued Salaries Payable } & 93,500 & 136,000 \\\text { Rent Expense Payable } & 37,400 & 17,000 \\\text { Income Tax Payable } & 117.300 & 68.000\\\text {Current Liabilities}&545,700&603,500\\\end{array}$
$\begin{array}{lr}\text {Long-term note payable}&850,000& 510,000\\ \text {Total Liabilities}& 1,395,700&1,113,500\\\\\text { Stockholders' Equity: }\\\text { Common stock }&714,000 & 510,000 \\\text { Retained earnings }&421.600 & 225,250\\\\\text {Total liabilities and stockholders' equity}&\$ 2,531,300&\$ 1,848,750\\\\\text {Sanibel Corporation}\\\text {Income Statement}\\\text {For the year ended December 31,2011}\\\\\text {Revenues}& \$ 2,499,000 \\ \text {Cost of goods sold}&(1,428,000) \\ \text { Gross Profit }&& 1,071,000 \\\\\text { Operating Expenses }\\\text { Depreciation expense } & (112,000) \\\text { Salary expense } & (233,600) \\\text { Insurance Expense } & (40,000) \\\text { Rent Expense } & (160,000) \\\quad \text { Interest Expense } & (67.200)\\\text {Total Operating Expenses}&&(612,800)\\\\\text {Income from Operations }&&458,200\\\text {Income Tax Expense}&&(160,370)\\\\\text {Net income}&&\$ \quad 297.830 \\\end{array}$

Recognize the purpose and application of palliative care.

Acknowledge the historical and current efforts towards health-care reform in the U.S.

Comprehend the role of bioethics in addressing ethical issues within medical and scientific advancements.

Analyze the impact of social determinants like class, race, and gender on health and illness.

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Definitions:

Self-Efficacy

An individual's belief in their own ability to complete tasks and reach goals, influencing their approach to challenges and perseverance.

Goal Difficulty

The extent to which a goal is challenging and requires effort to achieve, with more difficult goals often leading to higher motivation and performance.

Ability

The possession of the means or skill to do something, often considered in terms of natural talent or acquired skills.

Ethical Behavior

Conducting oneself according to morally sound principles in personal and professional settings.