1. Does the Gordon model assume a varying required rate of return for the stock; that is, the required rate of return changes from period to period?
2. Arizona Company currently has a current ratio of 0.9. The company decides to borrow $1,000,000 from First Granite Bank for a period of nine months. After the borrowing Arizona's current ratio will be?
3. As of this morning, your firm had a ledger balance of $4,772 with no outstanding deposits or checks. Today, your firm deposited 7 checks in the amount of $270 each and wrote a check in the amount of $727. What is the amount of the collection float as of the end of the day?