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1. A manager manipulates accounting numbers to improve her company’s earnings per share (EPS) in the second quarter of 2016 (2016Q2). She is most likely trying to get her company’s 2016Q2 EPS to exceed its EPS in: A. 2011Q2 B. 2013Q2 C. 2015Q4 D. 2015Q2 E. 2016Q3

2. A mutual fund has $500 million in assets at the beginning of 2017 and 13 million shares outstanding. The gross return on assets in 2017 was 17% and the total expense ratio was 1.5% of the year-end value. What is the fund’s rate of return in 2017? A. 17% B. 11.5% C. 13% D. 15.25% E. 15.5%.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93040239

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