Question 8 (5 points) Great Year Inc., is currently operating at only 85 percent of fixed asset capacity. Current sales are $650,000. What is the maximum sales growth rate before any new fixed assets are needed? 21.05% 12.45% 15.00% 17.65%Question 10 (5 points) A company has 50,000 shares outstanding that sell for $45 per share. The company plans a 5-for-2 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split? O $30 $9 O $15 O $18Question 9 (5 points) You own 100 shares of stock in Moon Light, Inc., that currently sells for $30.50 per share. The company has announced a dividend of $1.20 per share with an ex- dividend date of February 4. Assuming that the current share price is fair and there are no taxes, what is the value of the stock on February 3? $30.50 O $32.00 $29.30 O $31.70Question 11 (5 points) Good Coffee Inc. stock price is $52 now and every share will pay a $2 cash dividend Bob owns 100 shares and prefers $5 cash dividend. Bob decides to create a "homemade" dividend strategy. How many shares does Bob need to sell to receive his preferred cash dividend amount? O O 10 O 6 C 4Question 12 (5 points) Happy Day Corp. has an accounts payable period of 29.5 days and an accounts receivable period of 25.3 days. The company turns over its inventory 10.31 times per year. Assume 365 days per year. What is the company's cash cycle? 19.4 days O 35.4 days O 60.7 days O 31.2 days Page 12 of 20 Previous Page Next PageQuestion 7 (5 points) Consider the following simplified financial statements for the Maverick Corporation (assuming no income taxes): Income Statement - Sales: $85,000; Costs: $64,150; Net Income: $20,850. Balance Sheet - Assets: $437,000; Debt: $109,250; Equity: $327,750. The company has predicted a sales increase of 10 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. What is the external financing needed next year? $32,233 O $25,070 $12,375 $41,433