1) Evergreen Building, Inc. has declared a $43,000 cash dividend to shareholders. The company has 4,500 shares of $20-par, 5% preferred stock and 20,000 shares of $20-par common stock. The preferred stock is cumulative. How much will be distributed to the preferred and common stockholders on the date of payment if the preferred stock is $12,000 in arrears?

A. $21,500 preferred, $21,500 common

B. $16,500 preferred, $26,500 common

C. $43,000 preferred, $0 common

D. $4,500 preferred, $38,500 common

2)Twin Peaks Industries has an inventory turnover of 111 days, an Accounts Payable turnover of 77 days, and an Accounts Receivable turnover of 79 days. Twin Peaks' cash conversion cycle is

A. 45 days.

B. 109 days.

C. 2 days.

D. 113 days.

3)Elite Electrical has 380,000 shares of $4-par common stock outstanding. They have declared a 5% stock dividend. The current market price of the common stock is $7.50/share. The amount that will be credited to common stock on the date of declaration is

A. $19,000.

B. $218,500.

C. $76,000.

D. $142,500.