Selected Financial Data for Barnstable Company Appear Below -For Year 2,what Was the Net Income Before Taxes as \text

question 138

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 net income before taxes as a percentageof sales?

• A) 3%.
• B) 5%.
• C) 8%.
• D) 10%.

---

Definitions:

Cross-Cultural Competencies

Skills and abilities enabling individuals to effectively interact, understand, and work across diverse cultures.

Exceptional Leader

An individual who exhibits superior leadership skills and characteristics, often inspiring and influencing others to achieve great results.

Interpersonal Skill

The ability to effectively communicate, interact, and work well with individuals and groups through understanding, empathy, and effective verbal and non-verbal communication.

Egocentric

Characterized by an excessive interest in oneself and concern with one's own needs, desires, or interests rather than those of others.