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Question4 The following information was taken from Campbell's financial statements: Dividends: $500 thousand Cash: $2 billion Cash provided from operating activities: $890 million Sales: $10 billion Cost of Goods Sold: $7 billion Total Expenses: $2 billion Which is the following is true: O Gross profit margin is 70% O The Gross profit cannot be calculated For every dollar that they sell they generate 10% in net income O The $500 thousand of dividends is a reduction to net income

Question4 The following information was taken from Campbell's financial statements: Dividends: $500 thousand Cash: $2 billion Cash provided from operating activities: $890 million Sales: $10 billion Cost of Goods Sold: $7 billion Total Expenses: $2 billion Which is the following is true: O Gross profit margin is 70% O The Gross profit cannot be calculated For every dollar that they sell they generate 10% in net income O The $500 thousand of dividends is a reduction to net income

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question4 The following information was taken from Campbell's financial statements: Dividends: $500 thousand Cash: $2 billion Cash provided from operating activities: $890 million Sales: $10 billion Cost of Goods Sold: $7 billion Total Expenses: $2 billion Which is the following is true: O Gross profit margin is 70% O The Gross profit cannot be calculated For every dollar that they sell they generate 10% in net income O The $500 thousand of dividends is a reduction to net income
Transcribed Image Text:Question4 The following information was taken from Campbell's financial statements: Dividends: $500 thousand Cash: $2 billion Cash provided from operating activities: $890 million Sales: $10 billion Cost of Goods Sold: $7 billion Total Expenses: $2 billion Which is the following is true: O Gross profit margin is 70% O The Gross profit cannot be calculated For every dollar that they sell they generate 10% in net income O The $500 thousand of dividends is a reduction to net income
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