The Balance Sheet of Sound Designs Reports Total Assets of $750,000

question 70

Multiple Choice

The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year,respectively.Sales revenues are $1.5 million ($1.2 million in the previous year) ,net income is $150,000,and net cash flows from operating activities are $175,000.What is Sound Designs' cash flow to sales?

• A) 22.6%.
• B) 11.7%.
• C) 14.6%.
• D) 13.0%.

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Definitions:

Melatonin

A hormone produced by the pineal gland that regulates sleep-wake cycles and is involved in various biological rhythms.

Pineal Gland

The endocrine gland that secretes the hormone that controls the sleep/wakefulness cycle.

Circadian Rhythms

The natural, internal processes that regulate the sleep-wake cycle and repeat roughly every 24 hours.

Sundowning

A symptom common in some older individuals with dementia, characterized by increased confusion, agitation, and restlessness during the late afternoon or evening.