Determining the ex-dividend date
If on January 2, 2008, a company declares a dividend of $1.50 per share, payable on January 31, 2008, to holders of record on January 17, then the price of the stock should drop by approximately $1.50 on January 15, which is the ex-dividend date.
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A company buys a piece of equipment for $48,000. the equipment has a useful life of ten years. using the double-declining-balance method, what the company's depreciation expense in the first year would be:
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Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
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