Name, 1. The goal of financial management is to: A. maximize market share B. maximize Price-Earnings Ratio C. maximize profit D. maximize shareholder wealth A firm has an inventory turnover ratio of 18. This means the firm: A. takes on average 18 days to sell its inventory B. sells its inventory an average of 18 times each year C. sells its inventory by granting customers 18 days' credit D. None of above 2. 3. What is the name for an infinite stream of constant payments occurring at regular time intervals? A. Annuity B. Perpetuity C. Equivalence D. Regularity Your aunt loaned you money at 1.00 percent interest per month. What is the APR of this loan? A. 11.88 percent B. 12.00 percent C. 12.68 percent D. 16.00 percent 4. 5. Problems stemming from a conflict of interest between shareholders and executives are calledproblems A. agency B. coordination C. incompatibility D. opportunity Which of the following is a stock, NOT a flow? A. Interest revenue 6. C. Change in payable balances D. Issuance of 10.8 trillion mortgage-backed securities in year 2015 Given a fixed APR, compounding more frequently leads to A. a lower APR B a higher APR C a lower EAR D. a higher EAR 7. ofS127,100. Assume that 66% of sales are credit sales. On an average of how many days, can the firm cole its receivables? A. 21 days .28 days C. 33 days D. 35 days 8. Bates, Inc. has net income of $161,000, a profit margin of 7 33 percent, and an average accounts receivable