-Refer to the Following Selected Financial Information from Shakley's Incorporated

question 4

Multiple Choice

$$\begin{array} { | l | r | r | } \hline & { \text { Year 2 } } & \text { Year 1 } \\\hline \text { Net sales } & \$ 478,500 & \$ 426,250 \\\hline \text { Cost of goods sold } & 276,300 & 250,120 \\\hline \text { Interest expense } & 9,700 & 10,700 \\\hline \text { Net income before tax } & 67,250 & 52,680 \\\hline \text { Net income after tax } & 46,050 & 39,900 \\\hline \text { Total assets } & 317,100 & 288,000 \\\hline \text { Total liabilities } & 181,400 & 167,300 \\\hline \text { Total equity } & 135,700 & 120,700 \\\hline\end{array}$$
-Refer to the following selected financial information from Shakley's Incorporated.Compute the company's return on total assets for Year 2.

• A) 9.6%.
• B) 15.2%.
• C) 2.6%.
• D) 22.2%.
• E) 14.5%.

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Definitions:

Organizational Culture

The collective beliefs, values, and customs that guide the behaviors, emotions, and thoughts of workers in a company.

Psychological Contract

An unwritten set of expectations and obligations that defines the relationship between an employer and an employee, beyond the formal contract of employment.

Production Quotas

Predetermined targets for the quantity of products that must be produced within a certain timeframe, often used to gauge productivity or assign tasks.

Decertification Elections

A process wherein the employees of a bargaining unit vote on whether to remove the union as their collective bargaining representative.