28. (TCO 5) When a stock split occurs, earnings per share must be adjusted (Points : 5)

28. (TCO 5) When a stock split occurs, earnings per share must be adjusted (Points : 5)

       proactively.

       retroactively.

       over the next 2 years.

       Nothing needs to be adjusted.

Question 29.

29. (TCO 6) Which of the following ratios represents dividends per common share, in relation to market price per common share? (Points : 5)

       Dividend payout

       Dividend yield

       Price/earnings

       Book value per share

Question 30.

30. (TCO 6) Using financial leverage is a good financial strategy from the viewpoint of stockholders of companies having (Points : 5)

       a high debt ratio.

       cyclical highs and lows.

       steady or rising profits.

       a steadily declining current ratio.

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