1. The growth rate in equity without any external financing is determined by multiplying the retention ratio (RR) times the return on equity (ROE). Group of answer choices.

True False

2. In common size analysis, all assets and liabilities on the balance sheet are divided by total sales Group of answer choices.

True False

3. Which one of the following category is not one of the three general categories of the liquidity needs when analyzing investment constraints? Group of answer choices

a. bank deposit

b. major planned outlays (e.g. vacation, new homes, etc.)

c. emergency needs

d. normal expenses