1. For its most recent fiscal year, Sushi Co. reported net income of $72,500. Its year-end balance sheet indicated $1.174 million in retained earnings. Sushi showed retained earnings of $1.131 million for the previous year. What were the cash dividends (in millions of dollars) paid to shareholders during the most recent year?

2. Assuming all CDs have equal risk, which of the following CD's investments has the highest effective annual return (EAR)? A) A bank CD that pays 8.78 percent compounded daily. B) A bank CD that pays 9.01 percent compounded monthly. C) A bank CD that pays 9.10 percent compounded quarterly. D) A bank CD that pays 9.17 percent compounded semiannually.