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Accounting

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9. You own 100 shares of Troll Brothers' stock, which currently sells for $120 a share. The company is about to declare a 8-for-1 stock split. Which of the following best describes your likely position after the split? a. You will have 50 shares of stock, and the stock will trade at or near $600 a share. b. You will have 100 shares of stock, and the stock will trade at or near $30 a share. c. You will have 50 shares of stock, and the stock will trade at or near $120 a share. I d. *d. You will have 800 shares of stock, and the stock will trade at or near $15 a share. e. You will have 400 shares of stock, and the stock will trade at or near $120 a share. 10. Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Do not round intermediate calculations. Round to the nearest whole day. Annual sales $45,000 Annual cost of goods sold - $22,500 Inventory= $4,500 Accounts receivable = $1,800 Accounts payable = $2,500 a. 54 days b. 52 days c. 56 days *d. 47 days e. 58 days English (United States) Focus = =

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