The Following Information Is Available for the Year Ended December

question 52

Multiple Choice

The following information is available for the year ended December 31, Year 1:
$\begin{array}{lc}\text { Net income } & \$ 844,200 \\\text { Net sales } & 6,809,000 \\\text { Average total assets } & 5,911,000\\\text { Average shareholders' equity }&2,575,000\end{array}$
-Refer to the figure Red Oak Manufacturing.What is the total leverage per the DuPont analysis computation?

• A) 2.30
• B) 2.64
• C) 12.40
• D) 15.20

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Definitions:

Toxicology

The science that deals with the effects, mechanisms, and detection of poisons and toxic substances on living organisms.

Pap Smear

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A type of cancer that occurs in the cells of the cervix, the lower part of the uterus that connects to the vagina, often caused by the human papillomavirus (HPV).

Reference Laboratory

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