Ten years ago, ellison group issued perpetual preferred shares with a par value of $50 and an annual dividend rate of 6%. currently, there are no dividends in arrears. since the issue date, interest rates have risen, and the shares are now selling at $38. the market’s current required rate of return on these shares is (a) 4.56% (b) 6.00% (c) 7.89%

Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)