1. Zonvier, Inc. has sales of $53,800, a profit margin of 10.5 percent, and a plowback ratio of 40 percent. The company has 15,000 shares of stock outstanding. The firm uses the percentage of sales method for pro forma statements and estimates next year's sales will increase by 15 percent.

What is the dividend per share expected to be next year?

		A. $0.249
		B. $0.250
		C. $0.260
		D. $0.268
		E. $0.274

2. A company has net income of $65,430, a price-earnings ratio of 22.6, and 25,800 shares of stock outstanding. If the price-cash flow ratio is 20.4, what is the cash flow per share?

A. $2.05

B. $2.34

C. $2.50

D. $2.81

E. $3.14

4. Marley Enterprises has financing cash flow of -$41,400 and investment cash flow of $28,600 for the year. The beginning cash balance was $65,300 and the ending cash balance was $44,800. What was the operating cash flow for the period?

A. -$15,500

B. -$9,600

C. -$7,700

D. $8,900

E. $15,500

Wilson's Furniture is experiencing good growth so has decided to commence paying dividends starting next year. The first dividend will be $0.50 a share with annual increases of 4 percent in the dividend amount. The discount rate is 10 percent. What will the value of this stock be four years from now?

A.		$8.50
B.		$8.72
C.		$9.03
D.		$9.23
E.		$9.75

The price of a stock increased from $32 to $38. Using phi, what are the primary and secondary support areas for the stock?

A.		$35.33; $33.67
B.		$33.67; $35.33
C.		$35.71; $34.29
D.		$38.14; $36.99
E.		$36.99; $38.14

A firm has net income of $22,500 and a book value per share of $3.10. The firm has 30,000 shares of stock outstanding and a price-earnings ratio of 15.9. What is the price-book ratio?

A.		1.7
B.		2.4
C.		2.7
D.		3.8
E.		4.3