Foundations of Financial Management
Foundations of Financial Management
16th Edition
ISBN: 9781259277160
Author: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Publisher: McGraw-Hill Education
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Chapter 17, Problem 2WE

a.

Summary Introduction

To record: The recent price of 3M Company.

Introduction:

3M company:

Previously known as Minnesota Mining and Manufacturing, it is an American MNC, working in the field of industry and is concerned with worker’s safety, health care, and consumer goods. 3M was founded by John Dwan, Hermon cable, Henry Bryan, and William A. Mcgonagle in the year 1902. It is based in Maplewood Minnesota.

b.

Summary Introduction

To record: The 52-week high of 3M for the year 2019.

Introduction:

3M company:

Previously known as Minnesota Mining and Manufacturing, it is an American MNC, working in the field of industry and is concerned with worker’s safety, health care, and consumer goods. 3M was founded by John Dwan, Hermon cable, Henry Bryan, and William A. Mcgonagle in the year 1902. It is based in Maplewood Minnesota.

c.

Summary Introduction

To calculate: 52-week low of 3M

Introduction:

3M company:

Previously known as Minnesota Mining and Manufacturing, it is an American MNC, working in the field of industry and is concerned with worker’s safety, health care, and consumer goods. 3M was founded by John Dwan, Hermon cable, Henry Bryan, and William A. Mcgonagle in the year 1902. It is based in Maplewood Minnesota.

d.

Summary Introduction

To calculate: The 52-week percentage change for 2019.

Introduction:

3M company:

Previously known as Minnesota Mining and Manufacturing, it is an American MNC, working in the field of industry and is concerned with worker’s safety, health care, and consumer goods. 3M was founded by John Dwan, Hermon cable, Henry Bryan, and William A. Mcgonagle in the year 1902. It is based in Maplewood Minnesota.

e.

Summary Introduction

To record: The average daily volume for the last 10 days.

Introduction:

3M company:

Previously known as Minnesota Mining and Manufacturing, it is an American MNC, working in the field of industry and is concerned with worker’s safety, health care, and consumer goods. 3M was founded by John Dwan, Hermon cable, Henry Bryan, and William A. Mcgonagle in the year 1902. It is based in Maplewood Minnesota.

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Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item PercentMarkupBased onCost PercentMarkupBased onSelling Price Drill  % 46%
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