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quiz 2 chap 3 - Jump to Navigation Frame Jump to Content...

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Jump to Navigation Frame   Jump to Content Frame   Your location: Home Page  ›  Weekly Modules  ›  Week 04  ›  CH03   Post-Quiz  ›  CH03 Post-Quiz  ›  Assessments  ›  View All Submissions  ›  View Attempt  View Attempt 2 of 3  Title: CH03 Post-Quiz Started: September 20, 2008 2:05 PM Submitted: September 20, 2008 2:55 PM Time spent: 00:49:40  Total score: 6/10 = 60%   Total score adjusted by 0.0  Maximum possible score: 10  1.   Marcus Nurseries Inc.'s 2005 balance sheet showed total common equity  of $2,050,000, which included $1,750,000 of retained earnings. The  company had 100,000 shares of stock outstanding which sold at a price  of $57.25 per share. If the firm had net income of $250,000 in 2006 and  paid out $100,000 as dividends, what would its book value per share be  at the end of 2006, assuming that it neither issued nor retired any  common stock?    Student Response Correct  Answer A.  $19.00    B.  $20.00    C.  $21.00    D. $22.00    E.  $23.00    Score: 1/1    2.
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  Below is the common equity section (in millions) of Glenn Technology's  last two year-end balance sheets: 2005 2004 Common stock 2,0001,000 Retained earnings 2,000 2,340 Total common equity$4,000$3,340 Glenn has never paid a dividend to its common stockholders. Which of  the following statements is CORRECT?    Student Response Correct  Answer A.  The market price of Glenn's stock doubled in 2005.    B.  The company has more equity than debt on its  balance sheet.    C. Glenn had positive net income in both 2004 and 2005,  but the company's net income in 2005 was lower than  it was in 2004.    D.  The company's net income in 2005 was higher than in  2004.    E.  Glenn issued common stock in 2005.    Score: 0/1    3.
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  Which of the following statements is CORRECT?    Student Response Correct  Answer A.  The balance sheet for a given year, say 2005, is 
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