Exhibit 1 Company Share Beginning of year price Dividend per share End of year priceSprucer 200 $48.00$ 2.50 $47.00Holly Bush 500$ 9.00$ 1.00$ 9.25 Birchdale 400 $20.00 None $22.00 Oakview 300 $27.00 $1.25 $28.50  

11.Use Exhibit 1. The table shows your stock positions at the beginning of the year, the dividends that each stock paid during the year, and stock prices at the end of the year.What is your portfolio percentage return?

A.less than 7.85 percent

B.more than 7.85 percent but less than 8.10 percent

C.more than 8.10 percent but less than 8.35percent

D.more than 8.35 percent but less than 8.60 percent

E.more than 8.60percent

Golden Corp.'s current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes.

Additional Information on Current Year Transactions

1. Purchased equipment for $56,300 cash.
2. Issued 13,200 shares of common stock for $5 cash per share.
3. Declared and paid $101,000 in cash dividends.

Suppose we observe the three-year Treasury security rate (₁R₃) to be 11 percent, the expected one-year rate next year E(₂r₁) to be 4 percent, and the expected one-year rate the following year E(₃r₁) to be 5 percent. If the unbiased expectations theory of the term structure of interest rates holds, what is the one-year Treasury security rate, ₁R₁?

​China's GDP growth target for the 12th​ Five-Year-Plan period​ 2011-2015 is 7 percent a year. This largely symbolic goal​ (China's average growth rate for the past five years was a whopping 11 percent a​ year) shows that the central government wants to fundamentally restructure the economy.

If China reduces its economic growth rate from 11 percent a year to 7​ percent, how many additional years will it take for GDP to​ double?

In what year will​ China's GDP​ quadruple?

When GDP grows at 11 percent a​ year, GDP in China doubles in ___ years.

Question 9

One year ago, XYZ Co. issued 16-year bonds at par. The bonds have a coupon rate of 6.49 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 6.85 percent. What is the percentage change in the bond price over the past year? Answer to two decimals

Question 10

Suppose ABC Co. issues $18.37 million of 17 year zero coupon bonds today. If investors require a return of 6.18 percent compounded semiannually and all the bonds remain outstanding until they mature, how much (in $ millions) will ABC have to pay to redeem the bonds. Answer in millions to two decimals - ie, if you get $50,268,382, you should enter 50.27.

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow. FORTEN COMPANY Comparative Balance Sheets December 31, 2017 and 2016 2017 2016 Assets Cash $67,900 $85,500 Accounts receivable 83,890 62,625 Inventory 293,656 263,800 Prepaid expenses 1,330 2,135 Total current assets 446,776 414,060 Equipment 145,500 120,000 Accum. depreciation—Equipment (42,625) (52,000) Total assets $549,651 $482,060 Liabilities and Equity Accounts payable $65,141 $132,675 Short-term notes payable 13,600 8,400 Total current liabilities 78,741 141,075 Long-term notes payable 59,000 60,750 Total liabilities 137,741 201,825 Equity Common stock, $5 par value 186,750 162,250 Paid-in capital in excess of par, common stock 49,500 0 Retained earnings 175,660 117,985 Total liabilities and equity $549,651 $482,060 FORTEN COMPANY Income Statement For Year Ended December 31, 2017 Sales $642,500 Cost of goods sold 297,000 Gross profit 345,500 Operating expenses Depreciation expense $32,750 Other expenses 144,400 177,150 Other gains (losses) Loss on sale of equipment (17,125) Income before taxes 151,225 Income taxes expense 41,050 Net income $110,175 Additional Information on Year 2017 Transactions The loss on the cash sale of equipment was $17,125 (details in b). Sold equipment costing $82,875, with accumulated depreciation of $42,125, for $23,625 cash. Purchased equipment costing $108,375 by paying $54,000 cash and signing a long-term note payable for the balance. Borrowed $5,200 cash by signing a short-term note payable. Paid $56,125 cash to reduce the long-term notes payable. Issued 3,700 shares of common stock for $20 cash per share. Declared and paid cash dividends of $52,500. Required: 1. Prepare a complete statement of cash flows; report its operating activities using the indirect method.

 The annual sales for​ Salco, Inc. were

$4.46

million last year. The​ firm's end-of-year balance sheet was as​ follows:  

. ​ Salco's income statement for the year was as​ follows:  

.

a. Calculate​ Salco's total asset​ turnover, operating profit​ margin, and operating return on assets.

b.  Salco plans to renovate one of its plants and the renovation will require an added investment in plant and equipment of

$1.04

million. The firm will maintain its present debt ratio of 50

percent when financing the new investment and expects sales to remain constant. The operating profit margin will rise to

13.4

percent. What will be the new operating return on assets ratio​ (i.e., net operating

income divided by÷total

​assets) for Salco after the​ plant's renovation?

c.  Given that the plant renovation in part

​(b​)

occurs and​ Salco's interest expense r $49,000

per​ year, what will be the return earned on the common​ stockholders' investment? Compare this rate of return with that earned before the renovation. Based on this​ comparison, did the renovation have a favorable effect on the profitability of the​ firm?

Current assets $507,000

Liabilities

$1,005,500

Net fixed assets

1,504,000

​Owners' equity

1,005,500

Total Assets

$2,011,000

Sales

$4,460,000

​Less: Cost of goods sold

(3,495,000)

Gross profit $965,000

​Less: Operating expenses

(497,000)

Net operating income

$468,000

​Less: Interest expense

(104,000)

Earnings before taxes

$364,000

​Less: Taxes

​(35%​)

(127,400)

Net income

$236,600

A traditional-furnace costs $224 and consumes $155 per year in fuel over its 11 year lifetime. A condensing-furnace costs $440 and consumes $80 per year in fuel over its 11 year lifetime. If interest rates are12% per year, which is the better investment?

One year ago, XYZ Co. issued 11-year bonds at par. The bonds have a coupon rate of 6.29 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 7.31 percent. What is the percentage change in the bond price over the past year? Answer to two decimals

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow.

Additional Information on Year 2017 Transactions

1. The loss on the cash sale of equipment was $9,125 (details in b).
2. Sold equipment costing $58,875, with accumulated depreciation of $34,125, for $15,625 cash.
3. Purchased equipment costing $100,375 by paying $38,000 cash and signing a long-term note payable for the balance.
4. Borrowed $4,400 cash by signing a short-term note payable.
5. Paid $52,125 cash to reduce the long-term notes payable.
6. Issued 2,900 shares of common stock for $20 cash per share.
7. Declared and paid cash dividends of $50,900.

Required:
1. Prepare a complete statement of cash flows; report its operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)