A firms financial statements show that the value of plant, property & equipment is $4.5 million, land is $2.5 million, and accumulated depreciation is $1.8 million. If the depreciation expense for the year is $0.15 million, then the average age of a firm's assets is closest to: Select one: a. 12 years b. 34.67 years c. 18 years

A portfolio manager is advised by his superior to invest only in income stocks. Assuming you're the portfolio manager, in which of the following stocks should you most likely invest?

Stock X Stock Y Stock Z Retention Ratio 30% 60% 45% EPS $2.20 $4.40 $4.10 Price $16 $48 $39

Select one: a. Stock Z b. Stock X c. Stock Y