The King Mattress Company Had the Following Operating Results for 2009-2010.In

question 30

Multiple Choice

The King Mattress Company had the following operating results for 2009-2010.In addition,the company paid dividends in both 2009 and 2010 of $60,000 per year and made capital expenditures in both years of $30,000 per year.The company's stock price in 2009 was $8 and $7 in 2010.The industry average earnings multiple for the mattress industry was 9 in 2010 and the free cash flow and sales multiples were 18 and 1.5,respectively.The company is publicly owned and has 1,200,000 shares of outstanding stock at the end of 2010.
The current ratio for 2010 is:

• A)1.8
• B)2.0
• C)3.9
• D)4.7 $940,000/$200,000 = 4.7

---

Definitions:

Temperament

An individual's innate disposition or behavioral style and characteristic emotional responses.

Personality

An individual’s characteristic pattern of thinking, feeling, and acting.

Mood

A temporary state of mind or feeling that can influence an individual's perception, behavior, and responses to various situations.

Psychological Adjustment

involves how well individuals cope with and adapt to the changes and challenges in their lives, maintaining psychological well-being.