1. calculate cost of goods sold sales 78500 net income 5450 inventory 12600 cost

Question

1. calculate cost of goods sold

sales 78500

net income 5450

inventory 12600

cost ratio 40%

2. security analysis may be conducted by

a. only investors themselves

b. only professional analysts

c. investors and professional anaysts

d. none of the above

3. annual reports are in a sense evaluations of managements performance but since they are prepared by management they are likely to: a.exclude the details of management discussion and anlaysis

b. portray the firms past performance in a most favorable light.

c. give the shareholders the opprotunity to objectively evaluate managements day to day peformance during the past year

d. exclude the details of the minority interest groups

Explanation / Answer

=78500*40%

= 31400

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