Solved

\quad \quad \quad \quad \quad

Question 3

Multiple Choice

\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Boss Stores, Ine.
\quad \quad \quad \quad \quad \quad \quad Selected financial information ($ millions)
2011201220132014Sales$287.31$339.19$411.78$446.84Net income11.2216.4819.7012.23Total assets268.58275.30318.43451.32Equity180.63191.90211.03222.57Dividends0.005.210.580.69\begin{array}{l}\begin{array}{rrrr}&2011 & 2012 & 2013 & 2014 \\\hline \text {Sales}&\$ 287.31 & \$ 339.19 & \$ 411.78 & \$ 446.84 \\ \text {Net income}&11.22 & 16.48 & 19.70 & 12.23 \\ \text {Total assets}&268.58 & 275.30 & 318.43 & 451.32 \\ \text {Equity}&180.63 & 191.90 & 211.03 & 222.57 \\ \text {Dividends}&0.00 & 5.21 & 0.58 & 0.69 \\\hline\end{array}\end{array}

-Please refer to the selected financial information for Boss Stores above.What is the actual sales growth rate for 2013?


A) - 17.6%
B) - 7.9%
C) 8.51%
D) 21.4%
E) None of the above.

Correct Answer:

verifed

Verified

Related Questions