1. Which of the following is TRUE regarding Company ABC given the following information?

Current Assets = $250 Fixed Assets =$110 Current Liabilities = $70 Long term Debt = $80 Sales = $450 Net Income = $80

a	Shareholders Equity = $120

b	Current Ratio = 1.80

c	Asset turnover=3.7

d	Debt to equity ratio= 1.3

e	Return on Equity = 38.1%

2. Company Y has 10M shares outstanding at $15 per share. Management has announced a 3 for 1 stock split. What would be the new market cap of the company Y?

$600M

$66M

$450M

$200M

$150M

3.Given the following information, calculate X Companys Gross Profit and Gross Margin.

Revenue: $4,000

Cost of Goods Sold: $900

SG&A: 150

Taxes: 30

a Gross Profit= $1920, Gross Margin=64%

b Gross Profit= $750, Gross Margin=63%

c	Gross Profit= $3,100, Gross Margin=78%

d Gross Profit= $1,070, Gross Margin=97%

e Gross Profit=$900, Gross Margin=33%