1) Sperle Corporation has provided the following data concerning its stockholders' equity accounts:

Year 1 Year 2

Stockholders Equity:

Common stock, $5 par value $400,000 $400,000

Additional paid-in capital, common stock 60,000 60,000

Retained earnings 654,000 630,000

Total stockholders equity $1,114,000 $1,090,000

Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.

The company's dividend yield ratio for Year 2 is closest to:

21.1 %

2.6 %

1.6 %

14.7% 2) Dahn Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $1,600. The market price of common stock at the end of Year 2 was $2.37 per share. The company's operating cycle for Year 2 is closest to:

3) (Ignore income taxes in this problem.) The management of Keno Corporation is considering three investment projects-B, C, and D. Project B would require an investment of $15,000, Project C of $50,000, and Project D of $89,000. The present value of the cash inflows would be $16,350 for Project B, $56,500 for Project C, and $96,120 for Project D. Rank the projects according to the profitability index, from most profitable to least profitable.

4) Ribaudo Corporation has provided the following financial data from its balance sheet and income statement:

The company's total asset turnover for Year 2 is closest to:

		5.29
		0.19
		1.04
		0.96