20. If a firm bases its growth projection on the rate of sustainable growth, shows positive net income, and has a dividend payout ratio of 30 percent, then the:
21. Which account is least apt to vary directly with sales?
22. If the Hunter Corp. has an ROE of 14 and a payout ratio of 17 percent, what is its sustainable growth rate?( Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) 13.15
23. The Wintergrass Company has an ROE of 13.2 percent and a payout ratio of 30 percent.
What is the company’ s sustainable growth rate?( Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
24. The most common means of financing a temporary cash deficit is a:
25. The length of time between the acquisition of inventory by a firm and the payment by the firm for that inventory is called the:
26. Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount.( Do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32. Input all amounts as positive values):
27. Consider the following financial statement information for the Rivers Corporation:
Calculate the operating and cash cycles.( Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)