The financing activities section of the statement of cash flows includes paying dividends and making payments on long-term liabilities
Indicate whether the statement is true or false
TRUE
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The gross profit ratio is calculated as gross profit divided by net income
a. True b. False Indicate whether the statement is true or false
Cloverton Corporation had net income of $35,750, net sales of $750,000, and average total assets of $650,000. Its return on total assets is:
A. 1.9% B. 4.8% C. 5.5% D. 18.2% E. 115.4%
Which of the following factors would most likely lead to a company initiating a price cut?
A) over-demand B) weakened economy C) poor competition D) cost inflation E) weak price competition
Which of the following is a mandate of the Nuclear Waste Policy Act to the government?
A) to set standards for radioactivity in the environment B) to select a permanent site for the disposal of nuclear wastes C) to regulate thermal pollution from nuclear power plants D) to use wetlands as a source of nuclear wastage disposal