Question 22 Card Sharks, Inc. Card Sharks, Inc. sells baseball cards and other memorabilia. The company tries to maintain a cash balance equivalent to approximately 30 days of sales. Sales in 2011 amounted to $352,412 and the company expects growth in 2012 of 30% and in 2013 of 35%. Given the information provided about Card Sharks, what are the company's 2013 projected annual sales? Select one A. $656,191 B. $493,377 C. $618,482 OD. $542,333 Question 23 Which of the following is not a problem with using a dividend-based valuation formula? Select one A. Dividends are arbitrarily established. B. Dividends represent a transfer of wealth to shareholders. C. Some firms do not pay a regular periodic dividend. D. It is a challenge to forecast the final liquidating dividend.