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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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