[单项选择]An analyst gathered the following information about a company: 2007 net sales $10000. 000 2007 net profit margin 5.0% 2008 expected sales growth - 15.0% 2008 expected profit margin 5.4% 2008 expected common stock shares outstanding 120000 The company’s 2002 expected earnings per share is closest to:（）
A. $3.26.
B. $3.72.
C. $3.83.

[单项选择]An analyst has gathered the following information about a company: Cost of goods sold equals 65 percent of sales Inventory of $ 450000 Sales of $ 1 million What is the value of this firm’ s average inventory processing period using a 365-day year（）
A. 117 days.
B. 94 days.
C. 252.7 days.

[单项选择]

Passage Five
Read the following information about different pen pals.
1. Mary, 24 years old, comes from Scotland and would like to find a pen pal who comes from East Europe. She likes playing the piano and listening to jazz music. She is interested in history but does not like discussing politics.
2. Kim Lee, 19 years old, comes from Seoul, South Korea. Kim loves travelling and hopes to visit Great Britain in the future. He would like a pen pal who is interested in discussing the differences between life in Europe and life in Asia. He loves listening to pop music and playing football in his free time.
3. Pietro, 42 years old, comes from Argentina. He is a businessman and would like to find a pen pal who is also a businessperson and lives in North America. He is married with three children and likes using the Internet in his free time.
4. Helga, 33 years old, comes from Germany and speaks French, English and Russian. She would like a
A. Kim Lee
B. Pietro
C. Jennifer
D. Alessandro

[单项选择]An analyst gathered the following financial information about a firm: Estimated EPS $10 per share Dividend payout ratio 40% Required rate of return 12% Expected long-term growth rate of dividends 5% What would the analyst"s estimate of the value of this company"s stock be
A. $33.
B. $57.
C. $80.

[单项选择]