Financial Statements for Laroche Company Appear Below:

Shareholders' Equity

question 161

Multiple Choice

Financial statements for Laroche Company appear below:

Shareholders' Equity:
$\begin{array}{|l|r|}\hline & \begin{array}{r}\text { Larned Company } \\\text { Income Statement }\\\text { For the Year Ended December 31, Year 2 }\\\text { (dollars in thousands) }\end{array} \\\hline \text { Sales (All on Account) } & \$ 2250 \\\hline \text { Costs of Goods Sold } & \$ 1570 \\\hline \text { Gross Margin } & \$ 680 \\\hline \text { Operating Expenses } & \$ 270 \\\hline \text { Net Operating Income } & \$ 410 \\\hline \text { Interest Expense } & \$ 30 \\\hline \text { Net Income before Taxes } & \$ 380 \\\hline \text { Income Taxes }(30 \%) & \$ 114 \\\hline \text { Net Income } & \$ 266 \\\hline\end{array}$
Total dividends during Year 2 were $\$ 166,000$ , of which $\$ 10,000$ were preferred dividends. The market price of a common share on December 31, Year 2 was $\$ 150$ .

-Laroche Company's return on total assets for Year 2 was closest to which of the following?

• A) 13.0%.
• B) 14.1%.
• C) 14.6%.
• D) 15.2%.

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Definitions:

Chief Complaint

is the primary issue or symptom that a patient reports to a healthcare provider during a visit.

Third-party Payers

Entities (other than the patient or healthcare provider) responsible for paying for healthcare services, typically insurance companies or government agencies.

Tabular List

One of two ways that diagnoses are listed in the ICD-10. In the Tabular List, the diagnosis codes are listed in numeric order with additional instructions.

Alphabetic Index

One of two ways diagnoses are listed in the ICD manual. They appear in alphabetical order with their corresponding diagnosis codes.