15. Inventory tumover may increase if the firm A. has a decrease in its cost to produce goods B. lowers the selling price of its goods C. increases its inventory D. uses less debt financing 16. Which of the following is an accrued liability? A. Accounts receivable B. Accounts payable C. Accumulated depreciation D. Rent revenue 17. If comparable yields are 10%, what is the approximate price of a $100 par value preferred stock that pays an annual dividend of $5 ? A. $25 B. $50 C. $75 D. $100 18. Security regulations protect investors by A. requiring disclosure of information by firms B. stopping investors from purchasing overpriced stock C. reducing competition among brokers D. establishing commission schedules 19. Which of the following is NOT traded in the secondary markets? A. U.S. Treasury bills B. U.S. Treasury bonds C. Series HH bonds D. Municipal bonds