Peterson Corporation Produces a Single Product

question 90

Multiple Choice

Peterson Corporation produces a single product.Data from the company's records for last year follow: Under variable costing the value of the ending finished goods inventory would be:

• A)$90, 000
• B)$104, 000
• C)$105, 000
• D)$135, 000

---

Definitions:

Dividend Yield

Dividend yield is a financial ratio that indicates how much a company pays out in dividends each year relative to its share price.

Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue—the higher the number, the better the performance.

Total Assets

The aggregate of all resources owned by a company, valued in monetary terms, including both current and non-current assets.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, offering insight into the income generated from an investment in the stock.