Atlantic Corporation reported the following financial statements: (Click the icon to view the financial statements.) Atlantic's...
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Atlantic Corporation reported the following financial statements: (Click the icon to view the financial statements.) Atlantic's rate of return on common stockholders' equity can be described as (Assume a rate of return on common stockholders' equity of 15%-20% year after year is considered good in most industries.) OA. normal. B. average. C. weak. D. strong. Financial Statements Atlantic Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash and Cash Equivalents $ 2,414 $ 1,972 Accounts Receivable 2,155 1,921 Merchandise Inventory Prepaid Expenses 1,338 1,124 1,530 2,173 Total Current Assets Other Assets Total Assets 7,437 7,190 17,405 14,960 $ 24,842 $ 22,150 Liabilities Current Liabilities $ 7,439 $ 8,535 Long-term Liabilities 4,606 3,938 Total Liabilities 12,045 12,473 Stockholders' Equity Print Done Financial Statements Stockholders' Equity Common Stock, no par 6,397 4,177 Retained Earnings 6,400 5,500 Total Stockholders' Equity 12,797 9,677 24,842 $ 22,150 Total Liabilities and Stockholders' Equity Atlantic Corporation Income Statement Year Ended December 31, 2025 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income Print Done $ 32,608 8,617 23,991 6,510 17,481 282 17,199 2,279 $ 14,920 - Atlantic Corporation reported the following financial statements: (Click the icon to view the financial statements.) Atlantic's rate of return on common stockholders' equity can be described as (Assume a rate of return on common stockholders' equity of 15%-20% year after year is considered good in most industries.) OA. normal. B. average. C. weak. D. strong. Financial Statements Atlantic Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash and Cash Equivalents $ 2,414 $ 1,972 Accounts Receivable 2,155 1,921 Merchandise Inventory Prepaid Expenses 1,338 1,124 1,530 2,173 Total Current Assets Other Assets Total Assets 7,437 7,190 17,405 14,960 $ 24,842 $ 22,150 Liabilities Current Liabilities $ 7,439 $ 8,535 Long-term Liabilities 4,606 3,938 Total Liabilities 12,045 12,473 Stockholders' Equity Print Done Financial Statements Stockholders' Equity Common Stock, no par 6,397 4,177 Retained Earnings 6,400 5,500 Total Stockholders' Equity 12,797 9,677 24,842 $ 22,150 Total Liabilities and Stockholders' Equity Atlantic Corporation Income Statement Year Ended December 31, 2025 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income Print Done $ 32,608 8,617 23,991 6,510 17,481 282 17,199 2,279 $ 14,920 -
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