Racer corporation's december 31, 2014 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative,40,000 shares authorized; 20,000 shares issued $ 400,000common stock, $10 par value, 4,000,000 shares authorized; 2,600,000 shares issued, 2,560,000 shares outstanding 26,000,000paid-in capital in excess of par value - preferred stock 80,000paid-in capital in excess of par value - common stock 36,000,000retained earnings 10,200,000treasury stock (30,000 shares) 840,000racer declared and paid a $100,000 cash dividend on december 15, 2014. if the company's dividends in arrears prior to that date were $24,000, racer's common stockholders receiveda. $76,000.b. $36,000.c. $44,000.d. no dividend.

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.