Following Are the Financial Statements for Starman Corporation for the Year

question 49

Multiple Choice

Following are the financial statements for Starman Corporation for the year ended December 31,20xx.Assume that all balance sheet amounts represent both average and ending figures.
$\begin{array}{c}\text {Starman Corporation}\\\text {Balance Sheet}\\\text {December \( 31,20 \mathrm{xx} \) }\\\begin{array}{lcr}&\text { Assets }\\\text { Cash } && \$ 20,000 \\\text { Marketable securities } && 30,000 \\\text { Accounts receivable } && 50,000 \\\text { Inventory } && 100,000 \\\text { Long-term receivables } && 35,000 \\\text { Property, plant, and equipment } && 65,000 \\\text { Total assets } && \$ 300,000\\\\&\text { Liabilities and Stockholders' Equity }\\\text { Current liabilities } && \$ 100,000 \\\text { Long-term liabilities } && 60,000 \\\text { Stockholders' equity } && 140,000 \\ \text { Total liabilities and stockholders' equity } && \$ 300,000 \\\end{array}\end{array}$
$\begin{array}{c}\text {Starman Corporation}\\\text { Income Statement}\\\text { For the Year Ended December 31, 20xx}\\\begin{array}{lr}\text { Net sales } & \$ 400,000 \\\text { Cost of goods sold } & 240,000 \\\text { Gross margin } & \$ 160,000 \\\text { Operating expenses } & 40,000 \\\text { Income before income taxes } & \$ 120,000 \\\text { Income taxes expense } & 30,000 \\\text { Net income } & \$ 90,000 \\\end{array}\end{array}$
What is the return on assets for this corporation? Round your answer to one decimal place.

• A) 75.0 percent
• B) 53.3 percent
• C) 40.0 percent
• D) 30.0 percent

Grasp different social theories that explain the development and perpetuation of prejudice and discrimination.

Recognize the role of interactionist theories in explaining racial prejudices and attitudes.

Comprehend the concept of systemic discrimination and its examples.

Analyze the realistic conflict theory and split labour market theory in the context of racial and ethnic discrimination.

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Definitions:

Morality

Principles concerning the distinction between right and wrong or good and bad behavior; a system of values and ethics that guides individuals and societies.

Duty-Based Ethics

An ethical philosophy rooted in the idea that every person has certain duties to others, including both humans and the planet. Those duties may be derived from religious principles or from other philosophical reasoning.

Duties

Obligations or responsibilities imposed by law, contract, or societal norms.

Ethics

A branch of philosophy dealing with what is morally right or wrong, encompassing moral principles that govern an individual's behavior or conducting an activity.