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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.)
28. The nominal rate of return on a bond is 7.28 percent while the real
rate is 3.09 percent. What is the rate of inflation?
29. Unique Stores common stock pays a constant annual dividend of
$1.75 a share. What is the value of this stock at a discount rate of 13.25
percent?
30. How much are you willing to pay for one share of stock if the company
just paid an annual dividend of $1.03, the dividends increase by 3 percent
annually, and you require a rate of return of 15 percent?
31. The relationship between nominal rates, real rates, and inflation is
known as the:
term structure of interest rates.
32. Titan Mining Corporation has 9.5 million shares of common stock
outstanding and 390,000 5 percent semiannual bonds outstanding, par
value $1,000 each. The common stock currently sells for $43 per share and
has a beta of 1.25, and the bonds have 15 years to maturity and sell for
114 percent of par. The market risk premium is 8.3 percent, T-bills are
yielding 4 percent, and the