The Balance Sheet of Hidden Valley Farms Reports Total Assets

question 74

Multiple Choice

The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the beginning and end of the year,respectively.Net income and sales for the year are $100,000 and $800,000,respectively.What is Hidden Valley's profit margin?

• A)10%.
• B)12.5%.
• C)18%.
• D)22%.

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Definitions:

Kyocera

A multinational corporation based in Japan, specializing in ceramic and electronic products.

Last Dividend

The most recent distribution of profits made by a corporation to its shareholders.

Indefinitely

For an unlimited or unspecified period of time, lacking a definite end.

Recently Declared

Refers to a statement, dividend, or decision that has been announced or made public by a company or governing body in the near past.