Testbank Multiple Choice Question 95 Coronado Industries has 557000 shares of $10 par value common stock outstanding. During the year, Coronado declared a 15% stock dividend when the market price of the stock was $32 per share. Four months later Coronado declared a $0.40 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.