1. From the perspective of stockholders, _______________ is a better measure for the firm and manager performance.

2.

Financial planning includes the:

I. Determination of asset requirements

II. Development of contingency plans

Group of answer choices

Neither I nor II

II only

I and II

I only

3.

Drive-Up has sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9 million. The profit margin is 4.5 percent. What is the return on equity?

[Hint: NI = Sales x profit margin; ROE = NI/Equity]

Group of answer choices

9.2%

13.3%

11.1%

14.2%

6.9%