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Unformatted text preview: 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. 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....
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This note was uploaded on 10/27/2008 for the course FIN 221 taught by Professor Dyer during the Fall '08 term at University of Illinois at Urbana–Champaign.

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

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