Question
1. Suppose Braylies clothing store had cost of goods sold during the year of $230,000. Beginning merchandise inventory was $35,000, and ending merchandise inventory was
1. Suppose Braylies clothing store had cost of goods sold during the year of $230,000. Beginning merchandise inventory was $35,000, and ending merchandise inventory was $45,000. Determine the stores inventory turnover for the year.
. The annual risk-free rate of return is 7 percent and the investor believes that the market will rise annually at 13 percent. If a stock has a beta coefficient of 1.3 and its current dividend is $1, what is the required rate of turn for this stock? What should be the value of the stock if its earnings and dividends are growing annually at 5 percent?
. Suppose you invest $5,000 for a year at 12% per yer. Find the future value of the investment.
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