1. XYZ Company has an accounts receivable turnover of 3.9 times and net sales of $3,436,812, calculate the value of the accounts receivables.
2. You borrow $8,000 from your uncle and agree to repay in the three years an amount of $9,250. What is the interest rate on this loan? Round to the nearest percent.
3. Nonconstant Dividends - North Side Corporation is expected to pay the following dividends in the next three years: $6, $9 and $4. Afterward, the company expects to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 10 percent, what is the current share price?