A company has current assets of $587,000 and current liabilities of $228,000. The board of directors declares a cash dividend of $170,000.
a. What is the current ratio after the declaration but before payment?
b. What is the current ratio after the payment of the dividend?
Consider the rate of return of stocks ABC and XYZ.
| Year | Return of ABC | Return of XYZ |
| 1 | 23% | 38% |
| 2 | 8% | 12% |
| 3 | 17% | 18% |
| 4 | 5% | 1% |
| 5 | 3% | -13% |
Calculate the geometric average returns of each stock. What can be concluded? (Do not round intermediate calculations. Round the answers to 2 decimal places.)
Randall Company makes and distributes outdoor play equipment. Last year, sales were $2,400,000, operating income was $600,000, and the assets used were $3,000,000. The return on investment (ROI) is:
a. 20%
b. 80%
c. 25%
d. 125%
e. none of the above
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