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Fall 2014 Ay 's year-end retained camnings balances are $320,000 and $400,000, for 2014 and 2015 respectively. The firm reported net profits after taxes of

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Fall 2014 Ay 's year-end retained camnings balances are $320,000 and $400,000, for 2014 and 2015 respectively. The firm reported net profits after taxes of $100.000 in 2015. The firm's dividend paytrent for 2015 is A) $0 B) $20,000 C) $80,000 D) $100,000 16.") Sound cash management techniques would support A) maximizing collection float, minimizing disbursement float, and minimizing operating cash flow B) minimizing collection float, maximizing disbursement float, and maximizing investing cash flow C), minimizing collection float, maximizing disbursement float, and minimizing the cash conversion cycle D) minimizing collection float, maximizing disbursement float, and minimizing the cash tumover 17. .') Incentive plans usually tie management compensation to A) coupon payments B) inventory tumover Cshare price D) dividends 18..) The financing strategy requires a firm to pay interest on excess funds borrowed but not needed throughout the entire year. A) permanent B) seasonal C) aggressive D) conservative 19 Cross-sectional ratio analysis is used to A) provide conclusive evidence of the existence of a problem B) measure relative performance of a firm with its peers C) correct expected problems in operations D) isolate the causes of problems 20. The primary goal of a financial manager is A) maximizing profit B) maximizing wealth C) minimizing retum D) minimizing risk ratio is commonly used to assess owners' appraisal of the share value. A) return on equity B) return on total assets C) debt D) price/earings 21. JA

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