2. An Internet company earned $6.70 per share and paid dividends of $4.40 per share. The company reported a dividend yield of 4 percent. What was the price of the stock? 3. Cintas designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. The companys stock is traded on the NASDAQ and has provided investors with significant returns over the past few years. Selected information from the companys balance sheet follows. For 2012, the company reported sales revenue of $3,708,400 and cost of goods sold of $1,516,315. | CINTAS Balance Sheet (in thousands) | | 2012 | | 2011 | Cash | $ | 35,370 | | $ | 38,915 | Marketable securities | | | | | 202,558 | Accounts receivable | | 408,882 | | | 389,912 | Inventories | | 231,754 | | | 198,002 | Prepaid expense and other | | 15,782 | | | 15,782 | Accounts payable | | 64,641 | | | 71,640 | Accrued compensation and related liabilities | | 70,782 | | | 95,369 | Accrued liabilities | | 263,523 | | | 239,078 | Accrued tax liability | | 2,578 | | | | Long-term debt due within one year | | 4,153 | | | 26,653 | | Required: | Compute the current ratio, inventory turnover ratio, and accounts receivable turnover ratio (assuming that 70 percent of sales were on credit). (Round your answers to 1 decimal place.) | | | | | Current ratio | | Inventory turnover ratio | | Accounts receivable turnover ratio | | | 4. Wildlife Co. reported net income of $12.30 million, interest expense of $0.66 million and is are in a 30% tax rate bracket. Wildlife's average total assets are $81.80 million and average stockholders' equity is $51.80 million. Wildlife's financial leverage percentage is closest to: (Do not round intermediate computations) | A. 9.0% B. 8.7% C. 7.9% D. 8.1% 5. Rusty Corporation purchased a rust-inhibiting machine by paying $52,500 cash on the purchase date and agreeing to pay $10,500 every three months during the next two years. The first payment is due three months after the purchase date. Rusty's incremental borrowing rate is 12%. The liability reported on the balance sheet as of the purchase date, after the initial $52,500 payment was made, is closest to: (Table A.1, Table A.2, Table A.3, and Table A.4) (Use appropriate factor(s) from the tables provided.) | A. $84,000. B. $73,707. C. $136,500. D. $126,207. | |