The Andrews Company has just issued $19,488,220 in dividends last year. The effect of this payment on the balance sheet is:

Select: 1

Equity will decrease $19,488,220

Liabilities will increase $19,488,220

Expenses will increase $19,488,220

Net Profit will decrease $19,488,220

Chester has a ROS of 0.08 (ROS = Net income/Sales). That means:

Select: 1

For every $8 of sales there is a profit of 1%.

There are sales of $92 for every dollar of profit.

There is a 8% profit on each dollar of sales.

There are sales of $8 for every dollar of profit.