(Write only correct option , dont describe it)

QUESTION 9

1. The expected rate of return for the coming year on FTC common stock is normally distributed with a mean of 14% and a standard deviation of 7%. Determine the probability of earning more than 21% on FTC common stock. (Note: Table V is required to work this problem.)

   	a.	0.0013
   	b.	0.1587
   	c.	1.00
   	d.	0.8413

1 points

QUESTION 10

1. What is the inventory conversion period for O'Brian's if it has sales of $320,000, an average inventory of $5,333, and a cash conversion cycle of 20 days? Assume the cost of sales is 55% of sales.

   	a.	11 days
   	b.	15 days
   	c.	6 days
   	d.	13.5 days

1 points

QUESTION 11

1. Last year, Quality's earnings per share were $2.34 and it paid a dividend of $1.10. What was Quality's dividend payout ratio?

   	a.	47%
   	b.	21.2%
   	c.	42.7%
   	d.	53%

1 points

QUESTION 12

1. When comparing two equal-sized investments, the ____ is an appropriate measure of total risk.

   	a.	coefficient of variation
   	b.	standard deviation
   	c.	covariance
   	d.	correlation