1 . Financial managers should primarily strive to :
8 . You invested in long-term corporate bonds and earned 6.1 percent . During that same time period , large-company stocks returned 12.6 percent , long-term government bonds returned 5.7 percent , U . S . Treasury bills returned 4.2 percent , and inflation averaged 3.8 percent . What average risk premium did you earn ?
11 . Which one of the following accounts is included in stockholders ' equity ?
18 . Galaxy United , Inc . What is the days ' sales in receivables ? ( use 2009 values )
19 . Marcie ' s Mercantile wants to maintain its current dividend policy , which is a payout ratio of 35 percent . The firm does not want to increase its equity financing but is willing to maintain its current debt-equity ratio . Given these requirements , the maximum rate at which Marcie ' s can grow is equal to :
20 . The maximum rate at which a firm can grow while maintaining a constant debt-equity ratio is best defined by its :
21 . The return on equity can be calculated as :
24 . The length of time between the sale of inventory and the collection of cash from receivables is called the :
25 . The length of time between the acquisition of inventory and its sale is called the :
28 . What is the value of a 20-year , zero-coupon bond with a face value of $ 1,000 when the market required rate of return is 9.6 percent , compounded semiannually ?
29 . Next year ' s annual dividend divided by the current stock price is called the :
32 . Jack ' s Construction Co . has 80,000 bonds outstanding that are selling at par value . Bonds with similar characteristics are yielding 8.6 percent .