return on assets.
earnings per share.
profit margin.
return on common stockholders’ equity.
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Multiple Choice Question 159
Which one of the following would be classified as an extraordinary
item?
Expropriation of property by a foreign government.
Losses attributed to a labor strike.
Write-down of inventories.
Gains or losses from sales of equipment.
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Multiple Choice Question 122
The following information pertains to Sampson Company. Assume
that all balance sheet amounts represent both average and ending
balance figures. Assume that all sales were on credit.
Assets
Cash and short-term investments $ 45,000
Accounts receivable (net) 25,000
Inventory 20,000
Property, plant and equipment 210,000