Howie long has just learned he has won a $500,000 prize in the lottery. the lottery has given him two options for receiving the payments. (1) if howie takes all the money today, the state and federal governments will deduct taxes at a rate of 46% immediately. (2) alternatively, the lottery offers howie a payout of 20 equal payments of $36,000 with the first payment occurring when howie turns in the winning ticket. howie will be taxed on each of these payments at a rate of 25%

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.