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Exhibit 10 -Refer to Exhibit 10

Question 85

Multiple Choice

Exhibit 10.9
Use the Information Below for the Following Problem(S)
You are provided with the following year end information for All Systems Corporation.
Income Statement DataSalesOperating IncomeDepreciationInterest ExpensePretax IncomeIncome TaxesNet Income after taxBalance Sheet DataFixed AssetsTotal AssetsWorking CapitalTotal DebtEquity80028085481475295810105085640410\begin{array}{c}\begin{array}{lll}\text{Income Statement Data}\\\text{Sales}\\\text{Operating Income}\\\text{Depreciation}\\\text{Interest Expense}\\\text{Pretax Income}\\\text{Income Taxes}\\\text{Net Income after tax}\\\\\text{Balance Sheet Data}\\\text{Fixed Assets}\\\text{Total Assets}\\\text{Working Capital}\\\text{Total Debt}\\\text{Equity}\\\end{array}\begin{array}{lll}&&\end{array}\begin{array}{r}\\800 \\280 \\85 \\48 \\147 \\52 \\95\\\\\\810 \\1050 \\85 \\640 \\410\end{array}\end{array}
-Refer to Exhibit 10.9.Calculate the profit margin for the firm.


A) 22.5%
B) 18.4%
C) 17.6%
D) 15.3%
E) 11.9%

Correct Answer:

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