Pick the incorrect statement(s) related to cash dividends from below. I. Extra cash dividends can be repeated by a firm. II. Regular cash dividends are paid out of net income. III. A dividend is never a liability until it has been declared. IV. The dividend yield expresses the annual dividend as a percentage of current stock price. V. If a firm has paid regular quarterly dividends for at least five consecutive years, it is legally obligated to continue doing so.

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share