1. The 2008 balance sheet of Saddle Creek, Inc., showed current assets of $1,470 and current liabilities of $1,000. The 2009 balance sheet showed current assets of $1,620 and current liabilities of $1,020. What was the company's 2009 change in net working capital, or NWC?
2. Whited Inc.'s stock currently sells for $30.25 per share. The dividend is projected to increase at a constant rate of 5% per year. The required rate of return on the stock, rs, is 12%. What is the stock's expected price 10 years from now?