S YGTB, Inc just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. If investors require an 11 percent return on the YGTB stock, what is the current pricef? A 37.63 B 46.80 C 55.13 D 63.12 E 72.63 6 BBQ, I nc., has net working capital of $1,220, current liabilities of S1,450, and inventory of $130. What is the current ratio? A 0.97 B 1.15 C 1.31 D 1.75 E 1.84 7 Which of the following is not a characteristic of preferred stock? A Preferred stock holders get fixed stream of dividends B Due to the cumulative feature of preferred stock, all accumulated dividends owed to the preferred shares must be paid before any dividends can go to the common stock. C Preferred stock does not have a maturity date D In the event of bankruptcy, preferred stock has higher priority than common stock. E Preferred stock holders have voting rights to elect the board of directors. 8 Bowyer Driving School's 2014 balance sheet showed net fixed assets of $4.6 million, and the 2015 balance sheet showed net fixed assets of $5.7 million. The company's 2015 income statement showed a depreciation expense of S0.5 million. What was net capital spending for 2015? A 1.4 million B 1.5 million C 1.6 million D 1.7 million E 1.8 million