Question: 24. Chevron recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $140 per share. If the firm's total market value

24. Chevron recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $140 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split? a $46.80 b. $31.20 C. $40.00 d. $33.20 e. $41.60 25. ExxonMobil's DSO IS 50 days (on a 365-day basis), accounts receivable are $100 million, and its balance sheet shows inventory of $120 million. What is the inventory turnover ratio? a. 6.08 b. 7.48 c. 6.87 d. 5.66

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