Question 34. 34. A firm has $450 in inventory, $700 in fixed assets, $210 in accounts receivable, $50 in accounts payable, and $60 in cash. What is the amount of the current assets? (Points : 5)

$510 $560 $600 $660 $720

Question 35. 35. Winslow, Inc. stock is currently selling for $40 a share. The stock has a dividend yield of 3.8%. How much dividend income will you receive per year if you purchase 500 shares of this stock? (Points : 5)

$152 $190 $329 $760 $1,053

Question 36. 36. Your firm has sales of $628,000 and cost of goods sold of $402,000. At the beginning of the year, your inventory was $31,000. At the end of the year, the inventory balance was $33,000. What is the inventory turnover rate? (Points : 5)

11.23 times 12.56 times 18.60 times 19.63 times 29.06 times

Question 37. 37. Catherine's Consulting has a net income of $1,400 and a total equity of $12,000. The debt-equity ratio is 1.0 and the plowback is 30%. What is the internal growth rate for Catherine's consulting? (Points : 5)

1.6% 1.78% 1.98% 2.21% None of these

Question 38. 38. Calhoun Computech used internal financing as a source of long-term financing for 80% of its total needs in 2011. The company borrowed an additional 15% of its total needs in the long-term debt markets in 2011. What were Calhoun's net new stock issues, in percentage terms, for 2011? (Points : 5)

10% 5% 5% 10% 15%

Question 39. 39. The Timberline firm expects a total cash need of $12,500 over the next 3 months. They have a beginning cash balance of $1,500, and cash is replenished when it hits zero. The fixed cost of selling securities to replenish cash balances is $3.50. The interest rate on marketable securities is 8% per annum. There is a constant rate of cash disbursement and no cash receipts during the month. What is the total opportunity cost for a month based on the firm's current practice? (Points : 5)

$5.00 $18.98 $27.92 $60.00 None of these

Question 40. 40. If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7.5% for three years which one will pay more and by how much? (Points : 5)

Simple interest by $50.00 Compound interest by $22.97 Compound interest by $150.75 Compound interest by $150.00 None of these.

Question 41. 41. The common stock of Grady Co. had an 11.25% rate of return last year. The dividend amount was $.70 a share which equated to a dividend yield of 1.5%. What was the rate of price appreciation on the stock? (Points : 5)

1.50% 8.00% 9.75% 11.25% 12.75%

Question 42. 42. A project has an initial cost of $2,100. The cash inflows are $0, $500, $900, and $700 over the next four years, respectively. What is the payback period? (Points : 5)

1 year 2 years 3 years 4 years Never