Based on the information contained in Table 3, what was the total amount of Snark Enterprise's common stock dividend for 2012

                                                       Table 3

                                      Snark Enterprises, Inc.

                                              Balance Sheets

                                                                    2011                           2012

Cash                                                         $1,000                            $?

Accounts receivable                               8,000                      9,000

Inventories                                                4,000                      7,000

Land                                                         10,000                   10,000

Other fixed assets                                   5,000                      5,500

Accumulated depreciation                 (1,600)                   (2,000)

Total assets                                          $26,400                            $?

Accounts payable                                 $4,200                  $ 7,000

Bonds                                                         4,000                      4,000

Common stock                                      15,000                   16,000

Retained earnings                                  3,200                      3,800

Total debt and equity                        $26,400                            $?

                                                          Snark Enterprises, Inc.

                                                              Income Statement

                                                Sales                                       $44,900

                                                Cost of goods sold               (22,000)

                                                Gross profit                          $12,900

                                                Operating expenses            (10,000)

                                                Depreciation                               (400)

                                                EBIT                                          $2,500

                                                Interest expense                         (500)

                                                EBT                                           $2,000

                                                Taxes                                         (1,000)

                                                Net Income                             $1,000

Based on the information contained in Table 3, what was the total amount of Snark Enterprise's common stock dividend for 2012?

A) $0

B) $400

C) $600

D) Cannot be determined with available information

Based on the information contained in Table 3, what is Snark Enterprise's gross profit margin in 2012.

A) 5.6%

B) 4.5%

C) 29.7%

D) 2.2%

Which of the following best represents operating income?

A) Income after financing activities

B) Earnings before interest and taxes

C) Income from capital gains

D) Income from discontinued operations

Which of the following best represents the stream of income that is available to stockholders?

A) Net profit after tax

B) Earnings before interest, taxes and dividends

C) Gross profit

D) Operating profit

Which of the following is NOT included in operating income?

A) Cost of goods sold

B) Sales

C) Taxes

D) Operating expenses