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1. Current assets less current liabilities equala. net working capital b. quick ratio c. current ratio d. profit ratio2. A company collects 70% of its sales during the month of the sale, 20% one month after the sale, and 10% 2 months after the sale. The compnay expects sales of $10,000 in Aug., $20,000 in Sept., $30,000 in Oct., and $40,000 in Nov. How much money is expected to be collected in Oct.?a. 21000 b. 25000 c. 26000 d. 280003. You are considering the purchase of a company's perpetual preferred stock, which pays a perpetual annual dividend of $8 per share. If the appropriate discount rate for the investment is 14%, what is the price of one share of this stock?a. 7.02 b. 36.43 c. 57.14 d. 80
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