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The Following Are the Income Statements and Balance Sheets for Coors

Question 72

Multiple Choice

The following are the income statements and balance sheets for Coors Company: 20X2 Sales (only credit sales)  $1,606.0 Less cost of goods sold 1,062.0 Gross profit $544.0 Less op er ating expenses 322.0 Operating income $222.0 Less other expense:Interest 9.6 Income before tax $212.4 Less income tax expense $5.0 Net income $127.4\begin{array}{ll}&20X2\\\text { Sales (only credit sales) } & \$ 1,606.0 \\\text { Less cost of goods sold } & \underline{1,062.0} \\\text { Gross profit } & \$ 544.0 \\\text { Less op er ating expenses } & \underline{322.0} \\\text { Operating income } & \$ 222.0 \\\text { Less other expense:Interest } & \underline{9.6} \\\text { Income before tax } & \$ 212.4 \\\text { Less income tax expense } & \underline{\$ 5.0} \\\text { Net income } & \$ 127.4\end{array}
 The following are the income statements and balance sheets for Coors Company:  \begin{array}{ll}&20X2\\ \text { Sales (only credit sales)  } & \$ 1,606.0 \\ \text { Less cost of goods sold } & \underline{1,062.0} \\ \text { Gross profit } & \$ 544.0 \\ \text { Less op er ating expenses } & \underline{322.0} \\ \text { Operating income } & \$ 222.0 \\ \text { Less other expense:Interest } & \underline{9.6} \\ \text { Income before tax } & \$ 212.4 \\ \text { Less income tax expense } & \underline{\$ 5.0} \\ \text { Net income } & \$ 127.4 \end{array}    The dividend- yield ratio for Coors Company in 20X2 is: A)  1.6% B)  4.9% C)  124.5% D)  8.2% The dividend- yield ratio for Coors Company in 20X2 is:


A) 1.6%
B) 4.9%
C) 124.5%
D) 8.2%

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