Selected Financial Data for Barnstable Company Appear Below -For Year 2,what Was the Gross Margin as a Percentageof

question 131

Multiple Choice

Selected financial data for Barnstable Company appear below:
$\begin{array}{|l|r|r|}\hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Sales } & \text { (in thousands) } & \\\hline \text { Operating Expense } & \$ 1,500 & \$ 1,200 \\\hline \text { Interest Expense } & \$ 450 & \$ 400 \\\hline \text { Cost of Goods Sold } & \$ 75 & \$ 30 \\\hline \text { Dividends Declared and Paid } & \$ 900 & \$ 720 \\\hline\end{array}$

-For Year 2,what was the gross margin as a percentageof sales?

• A) 5%.
• B) 10%.
• C) 40%.
• D) 60%.

---

Definitions:

Media Violence

The depiction of violent acts in media outlets, such as television, movies, video games, and the internet, and its potential impact on behavior.

Aggression

Actions aimed at causing injury or frightening other individuals.

Smoking and Cancer

The established link between tobacco use and the increased risk of developing cancerous conditions.

Coping Strategy

Methods or techniques used by individuals to handle, manage, or adapt to stress and challenging situations in their lives.