Which of the following measures a company's ability to pay its current liabilities?
a. earnings per share
b. inventory turnover
c. current ratio
d. number of times interest charges earned
c
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The NAFTA provides MFN provisions for trade in services sectors
Indicate whether the statement is true or false
Picarello Corporation's next annual dividend is expected to be $4.64 per share, to be issued one year from today. The firm anticipates the growth rate in dividends will be 4% annually for the foreseeable future
If the current price is $51 per share, what is the required rate of return for the firm's equity? A) 13.46% B) 13.10% C) 8.44% D) 16.27%
Which of the following is incorrect with regard to treasury shares?
A) No dividends may be paid on treasury shares. B) They are issued but not outstanding. C) A corporation may sell treasury shares for any amount the board of directors determines, even if the shares have a par value that is more than the sale price. D) The concept of treasury stock was created by the MBCA and is carried forward in the RMBCA.
The Twain Harte Homeowners Association brought suit to quiet title in a recreational easement they alleged they held in the land of Earl Patterson. The easement provides for "recreational use and enjoyment for the benefit of the Twain Harte Tract."
Patterson says the description of the dominant estate is inadequate because he remains uncertain as to who actually holds the easement. He maintains the grant of the easement is void because of an invalid description. The Association maintains that the description is sufficient to indicate they, as homeowners, are the owners and beneficiaries. Who is correct?