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?