Financial Statements for Oratz Company Appear Below Total Dividends During Year 2 Were

question 146

Multiple Choice

Financial statements for Oratz Company appear below:

$\begin{array}{|l|r|}\hline&\text { Oratz Company } \\&\text { Income Statement } \\&\text { For the Year Ended December 31, Year } \\&2\\&\text { (dollars in thousands) }\\\hline \text { Sales (All on Account) } & \$ 1630 \\\hline \text { Costs of Goods Sold } & \$ 1140 \\\hline \text { Gross Margin } & \$ 490 \\\hline \text { Operating Expenses } & \$ 190 \\\hline \text { Net Operating Income } & \$ 300 \\\hline \text { Interest Expense } & \$ 30 \\\hline \text { Net Income before Taxes } & \$ 270 \\\hline \text { Income Taxes (30\%) } & \$ 81 \\\hline \text { Net Income } & \$ 189\\\hline\end{array}$

Total dividends during Year 2 were $\$ 139,000$ , of which $\$ 6,000$ were preferred dividends. The market price of a common share on December 31, Year 2 was $\$ 260$ .


-Oratz Company's accounts receivableturnover for Year 2 was closest to which of the following?

• A) 6.3 times.
• B) 8.8 times.
• C) 9.1 times.
• D) 12.5 times.

Understand the concept and importance of conflict resolution in organizational and personal settings.

Identify the various triggers and root causes of conflicts.

Recognize different styles and approaches to managing and resolving conflicts.

Comprehend the role and impact of communication in conflict scenarios.

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