Select the INCORRECT statement(s).
I). A stock dividend should decrease share price, all other things being equal.
II). A stock split should reduce the firm's P/E ratio.

If a firm's asset turnover were to increase by 10% and the tax rate were to increase from 35% to 40%, leaving all else constant, the resultant change in the firm's ROE equals ________.

BWT, Inc. shows the following data in its financial statements at the end of the year. Assume all securities were outstanding at the beginning of the year:
6.125% convertible bond, convertible into 33 shares of common stock. Issue price $1,000, 100 bonds
*
outstanding.
6.25% convertible preferred stock, $100 par, 2,315 shares outstanding. Convertible into 3.3 shares of
*
common stock, Issue price $100
8% convertible preferred stock, $100 par, 2,572 shares outstanding. Convertible into 5 common
*
shares, Issue price $80
9,986 warrants are outstanding with an exercise price of $38. Each warrant is convertible into 1 share
*
of common.
Average market price of common is $52.00 per share.
*
Common shares outstanding at the beginning of the year were 40,045.
*
Net Income for the period was $200,000, while the tax rate was 40%.
*
What were the Basic EPS for the year?

An investor invested $10,000 in an open-end mutual fund 90 days ago. Today his investment is worth only $9,874. What is his annualized rate of return?

On December 1, 2003, Myles Corporation leased office space for 10 years at a monthly rental of
$ 100,000. On that date Myles paid the landlord the following amounts:
Rent deposit: $100,000 First month's rent 100,000 Last month's rent 100,000 Installation of new walls and offices: 540,000 Total: $840,000
The entire amount of $840,000 was charged to rent expense in 2003. What amount should Myles have charged to expense for the year ended December 31, 2003?