1. With royal commission inquiries on banks, what can banks/banking system do to regain consumer's trust?
2. Wal-mart’s working capital
a. Please construct a working capital statement for Wal-Mart based on the most recent financial statements available.
b. What is their liquidity ratio?
c. What is their inventory turnover ratio?
3. An asset has an average return of 10.79 percent and a standard deviation of 23.37 percent. What is the most you should expect to lose in any given year with a probability of 2.5 percent? Please show work.
4. Why do companies prefer equity finance over debt finance as a source of finance even though equity is more expensive than debt?