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.