Question
1. Which of the following companies is financed primarily with equity? Company A Company B Assets $5,500,000 $800,000 Liabilities 3,300,000 380,000 2. A company had
1. Which of the following companies is financed primarily with equity?
Company A Company B
Assets $5,500,000 $800,000
Liabilities 3,300,000 380,000
2. A company had $76,000 in sales in 2020, $120,000 in sales in 2021and $200,000 in sales in 2022. What amount of sales growth did the company have in 2021 from the previous year?
A.16%
B.67%
C.58%
D.22%
3. Company XYZ has a debt ratio of 76%. In addition, their net income for the period was $2,000,000 with a return on sales of 8% and an asset turnover of 2.1459. What is this company's return on assets?
A.17%
B.8%
C.36%
D.24%
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