1. What is the EMH and its various forms? What are the implications of the efficient market hypothesis for investors who buy and sell stocks in an attempt to "beat the market'?
2. Southern Mfg., Inc., is currently operating at only 94 percent of fixed asset capacity. Current sales are $500,000. How fast can sales grow before any new fixed assets are needed? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Maximum sales growth %