If a firm is given a trade credit terms of 2/10, net 30, then the cost to the firm failing to take the discount is: * 2.0%. 30.0%. 36.7% 10.0%

A ratio that is used to evaluate a firm's operating margin percentage is classified as: * a specialty ratio an investment ratio a credit ratio an operating ratio

The benchmark used in cross-sectional analysis is the prior performance of the firm currently undergoing analysis. * TRUE FALSE

Corbin, Inc. can issue 3-month commercial paper with a face value of $1,000,000 for $980,000. Transaction costs will be $1,200. The effective annualized percentage cost of the financing, based on a 360-day year, will be * 8.48%. 8.66%. 8.00% 2.00%

Taylor company paid out one-half of its 2002 earnings in dividends. Taylor's earnings increased by 20%, and the amount of its dividends increased by 15% in 2003. Taylor's dividend payout ratio for 2003 was * 75% 52.3% 47.9% 41.7%