Solved

Figure 16-2 *Includes $30,000 of Interest Expense and $18,000 of Income Tax

question 113

Essay

Figure 16-2.Financial statements for Grange Company appear below:
$Figure 16-2.Financial statements for Grange Company appear below: Dividends during 2014 totaled $127,000, of which $5,000 were preferred dividends.The market price of a share of common stock on December 31, 2014, was $100. -The income statement for Ray Company for the year ended December 31, 2013, appears below. \begin{array}{lr} \text { Sales } & \$ 610,000 \\ \text { Cost of goods sold } & 380,000\\ \text {Gross margin }&230,000 \\ \text {Expenses }&170,000\\ \text {Expenses }&\$60,000 \end{array} *Includes $30,000 of interest expense and $18,000 of income tax expense. Additional information: Required: Compute the following ratios for 2013:$ $Figure 16-2.Financial statements for Grange Company appear below: Dividends during 2014 totaled $127,000, of which $5,000 were preferred dividends.The market price of a share of common stock on December 31, 2014, was $100. -The income statement for Ray Company for the year ended December 31, 2013, appears below. \begin{array}{lr} \text { Sales } & \$ 610,000 \\ \text { Cost of goods sold } & 380,000\\ \text {Gross margin }&230,000 \\ \text {Expenses }&170,000\\ \text {Expenses }&\$60,000 \end{array} *Includes $30,000 of interest expense and $18,000 of income tax expense. Additional information: Required: Compute the following ratios for 2013:$ Dividends during 2014 totaled $127,000, of which $5,000 were preferred dividends.The market price of a share of common stock on December 31, 2014, was $100.
-The income statement for Ray Company for the year ended December 31, 2013, appears below.
$\begin{array}{lr}\text { Sales } & \$ 610,000 \\\text { Cost of goods sold } & 380,000\\\text {Gross margin }&230,000 \\\text {Expenses }&170,000\\\text {Expenses }&\$60,000\end{array}$ *Includes $30,000 of interest expense and $18,000 of income tax expense.
Additional information:
$Figure 16-2.Financial statements for Grange Company appear below: Dividends during 2014 totaled $127,000, of which $5,000 were preferred dividends.The market price of a share of common stock on December 31, 2014, was $100. -The income statement for Ray Company for the year ended December 31, 2013, appears below. \begin{array}{lr} \text { Sales } & \$ 610,000 \\ \text { Cost of goods sold } & 380,000\\ \text {Gross margin }&230,000 \\ \text {Expenses }&170,000\\ \text {Expenses }&\$60,000 \end{array} *Includes $30,000 of interest expense and $18,000 of income tax expense. Additional information: Required: Compute the following ratios for 2013:$ Required: Compute the following ratios for 2013:
$Figure 16-2.Financial statements for Grange Company appear below: Dividends during 2014 totaled $127,000, of which $5,000 were preferred dividends.The market price of a share of common stock on December 31, 2014, was $100. -The income statement for Ray Company for the year ended December 31, 2013, appears below. \begin{array}{lr} \text { Sales } & \$ 610,000 \\ \text { Cost of goods sold } & 380,000\\ \text {Gross margin }&230,000 \\ \text {Expenses }&170,000\\ \text {Expenses }&\$60,000 \end{array} *Includes $30,000 of interest expense and $18,000 of income tax expense. Additional information: Required: Compute the following ratios for 2013:$

Understand how social media can be employed by organizations to communicate with employees and the public in crisis situations.

Compare the benefits of using traditional vs. modern learning platforms in organizational training.

Understand the foundational theories in organizational communication and their application.

Recognize the relationship between job satisfaction and job performance.

Definitions:

Moral Rules

Principles that govern behaviors based on what is considered right and wrong within a society or group.

Standards

Standards in negotiations serve as benchmarks or criteria against which proposals or outcomes can be measured or evaluated.

End-result Ethics

A perspective in ethics focusing on the outcomes or consequences of actions to determine their morality, rather than the actions themselves or the principles behind them.

Greater Good

An action or policy prioritized for its benefit to the community or society as a whole, rather than to individuals.