- What is the difference between stock price maximization and profit maximization? Under what conditions might profit maximization not lead to stock price maximization?
- HighTech Wireless just published its current income statement, which shows net income equal to $240,000. The statement also shows that operating expenses were $500,000 before including depreciation, depreciation was $100,000, and the tax rate was 40 percent. If HighTech has no debt, what were its sales revenues? What was its net cash flow?
- Credit Card of America (CCA) has a current ratio of 3.5 and a quick ratio of 3.0. If its total current assets equal $73,500, what are CCA’s (a) current liabilities and (b) inventory?
- Why do you think so many different types of financial markets exist?
