Q23:

which statement is true about the operating cycle

a.

the time needed from acquiring inventory from suppliers into sell inventory into customers

b.

as longer cycle as better into the firm

c.

the time needed from acquiring inventory from suppliers into collect cash from customers

d.

the time needed from acquiring inventory from suppliers into collect cash from customers and pay suppliers

Q24:

net income of $250,000 and paid dividends to common stockholders of $50,000 in 2010. The weighted average number of shares outstanding in 2010 was 50,000 shares. the Corporation's common stock is selling for $30 per share on the New York Stock Exchange. the Corporation's dividends payout ratio for 2010 is

a.

20%

b.

$ 5

c.

25%

d.

12.5%