Charging an interest rate that seats the legal maximum ceiling is known as

A company has 2,000 shares of $100 par, 6%, noncumulative preferred stock outstanding. If the board of directors declares a dividend this year, how much will the preferred shareholders receive?

A) $100 per share B) $6 per share C) $200,000 in total D) $60 per share

On a common-size income statement, income taxes expense is expressed as a percentage of:

A) net income. B) total stockholders' equity. C) total assets. D) net sales.