A component of operating efficiency and profitability, calculated by expressing net income as a percent of net sales, is the:
A) Acid-test ratio.
B) Merchandise turnover.
C) Price earnings ratio.
D) Accounts receivable turnover.
E) Profit margin ratio.
E) Profit margin ratio.
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The auditor's plan to examine interest-bearing debt most likely will include steps that require:
A. Vouching borrowing and repayment transactions. B. Comparing the book value of the debt to its year-end market value. C. Verifying the proper presentation of the debt through confirmation. D. Inspecting the accounts payable subsidiary ledger for unrecorded interest-bearing debt.
Less restrictive policies and procedures and less standardized operating methods
A. increase groupthink within organizations. B. make an organization more centralized and mechanistic. C. allow organizations to be more flexible. D. make it difficult for organizations to respond quickly . E. widen the span of control in an organization.
Oakley posts a defamatory remark about Pierre in "Roominate," an online social network maintained by SocNet, Inc, an Internet service provider. Most likely to be held liable for the remark will be
a. Oakley. b. Pierre. c. Roominate. d. SocNet.
The Baldwin Locomotive Works Inc manufactures steam locomotives for North American railways. Selected financial information for Baldwin is provided in the table below
The CFO, Matthias Baldwin, wants to distribute $1B of cash by means of an extra dividend. What will the stock price be after the dividend? Baldwin Locomotive Works Inc Selected Financial Information Stock Price $62.725 Cash $1,000M Market Capitalization $9,408.75M Shares Outstanding 150M Debt $0 A) $56.06 B) $62.73 C) $68.73 D) $69.39 E) $72.26