A misrepresentation is considered fraud even if it is made without intent to deceive another party
Indicate whether the statement is true or false
FALSE
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Assume that Fake Stone, Inc. is operating at full capacity. Also assume that assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. What is the external financing need if sales increase by 12 percent?
A. -$318.09 B. -$268.49 C. $103.13 D. $350.40 E. $460.56
The trend analysis report of Marshall, Inc is given below (in millions) 2018 2017 2016 2015 2014 Net income $680 $607 $457 $405 $399 Trend percentages 170% 152% 115% 102% 100% Which of the following is a correct conclusion from the above analysis?
A) Net income for 2016 has increased by 115% over that for 2014. B) Net income for 2016 has decreased by 15% over that for 2014. C) Net income for 2016 has decreased by 115% over that for 2014. D) Net income for 2016 has increased by 15% over that for 2014.