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Return on equity (ROE) 12%
Shares outstanding 31 million
Common shareholders' equity $380 million
The Price/Cash Flow (P/CF) for the small-cap firm is closest to:
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C. 7.1.
Answer: C

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ACME is exploring different database vendors for their EnterpriseOne Application Server.
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Answer: A

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In IBM Marketing Operations, what type of budget planning is particularly useful if a plan has predictable expenses from year to year?
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C. Bottom up budget.
D. Top down budget.
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