Identify the choice that best completes the statement or answers ne yesIO Which
ID: 2409400 • Letter: I
Question
Identify the choice that best completes the statement or answers ne yesIO Which one of the following below is not an element of internal control? a. risk assessment b. information and communication c. behavior analysis d. monitoring 1. The following information pertains to Carlton Company. Assume that all balance shee both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment 40,000 25,000 20,000 210,000 $295,000 Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common 60,000 85,000 150,000 $295,000 Total liabilities and stockholders' equity Income Statement Net sales Cost of goods sold Gross margin Operating expenses Interest expense $ 85,000 45.000 40,000 15,000 5.000 $20,000 Net income Number of shares of common stock Market price of common stock Total dividends paid Cash provided by operations 6,000 $20 $5,400 $30,000 2. What is the dividend yield for this company? Round your answer to one decimal po 22.2% 9.0% 4.5% 16.6% a. b. d.Explanation / Answer
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