Question
if you answer just 1 question please dont answer. because my question posting not enough. thank you 18. A firm has a current ratio of
if you answer just 1 question please dont answer. because my question posting not enough. thank you
18. A firm has a current ratio of 2.4, a quick ratio of 1.5, an inventory turnover of 6 times, and current liabilities of $600,000. What is the firm.s level of sales?
a. $1,420,000
b. $1,960,000
c. $2,160,000
d. $3,240,000
19. The present value of an annuity for 5 years at 10% is 3.7908. The future value of an annuity for 5 years at 10% is 6.1051. How much will you have to pay each year on a $10,000 mortgage at 10% interest with a 5 year maturity?
a. $1,594.36
b. $2,637.97
c. $3,790.80
d. $6,105.10
20. A firm that must pay $2,000,000 in preferred dividends has $3,000,000 available for preferred and common dividends. It has 400,000 shares of common stock outstanding, and a .4 dividend payout ratio. The firm.s dividend per common share is
a. $1.00
b. $1.50
c. $5.00
d. $7.50
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