A firm with a total market value of $1 billion announces a 4-to-1 stock split. Prior to the split, the stock was selling for $20 per share. Suppose the actual post-split price per share is $8. Assuming no signaling effect in the form of new information, what does this tell us about market efficiency

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answernet income for 2017 will be greater if the inventory quantity declines;