Company change in net working capital or nwc

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1. The 2008 balance sheet of Saddle Creek, Inc., showed current assets of $1,360 and current liabilities of $980. The 2009 balance sheet showed current assets of $1,640 and current liabilities of $1,180. What was the company's 2009 change in net working capital, or NWC?

2. The Francis Company is expected to pay a dividend of D1 = $1.50 per share at the end of the year, and that dividend is expected to grow at a constant rate of 5.00% per year in the future. The company's beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the company's current stock price? Show work.

a. $36.11                     b. $31.62                     c. $32.60                     d. $28.90

Reference no: EM131947056

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