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Using the information provided, what is the inventory turnover for the firm? (hint: average inventory is the sum of beginning and ending inventory divided by 2)

Perfect Purchase Electronics

Selected Income Statement Items, 2014

Cash Sales $1,500,000

Credit Sales $7,500,000

Total Sales $9,000,000

COGS $6,000,000

Perfect Purchase Electronics

Selected Balance Sheet Accounts

12/31/2014 12/31/2013 Change

Accounts Receivable $270,000 $240,000 $30,000

Inventory $125,000 $100,000 $25,000

Accounts Payable $110,000 $90,000 $20,000

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		48.00 times Danielle's Paper Products Inc. has 2,400,000 outstanding shares of stock selling for $52 per share. After a 2-for-1 stock split, how many shares of stock are outstanding and what is the change in the firm value (given no new information)? 1,200,000 shares and a change in value of $0.00 1,200,000 shares and a change in value of $124,800,000 4,800,000 shares and a change in value of $0.00 4,800,000 shares and a change in value of $124,800,000 Stephanie owns the following portfolio of securities. What is the beta for the portfolio? Company Beta Percent of Portfolio Exxon-Mobil .95 40% Pacific Industries 1.20 35% Payson Restaurants 1.35 25% 0.9500 1.1705 1.0000 1.1375 Stock A B C D Expected Return 5% 5% 7% 6% Standard Deviation 10% 12% 12% 11% Which of the following statements is true? A is a better investment than B B is a better investment than C D is a better investment than C C is a better investment than D

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