Hot shot delivery inc. provides the following year end data:

2018 2017

cash $65,000 $38,000

accounts receivable 60,000 39,000

merchandise inventory 66,000 26,000

property, plant & equip 219,000 154,000

total assets 410,000 257,000

sales revenue $530,000

cost of goods sold 180,000

interest expense 30,000

net income 112,000

calculate the rate of return on total assets for 2018.

55.3%

52.5% incorrect.

42.6%

27.3%

The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?