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11. Assume Meyer Corporation is 100 percent equity financed (total debt =0 ). Calculate the return on equity, given the following information: - Earnings before

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11. Assume Meyer Corporation is 100 percent equity financed (total debt =0 ). Calculate the return on equity, given the following information: - Earnings before taxes =$1,500 - Sales =$5,000 - Dividend payout ratio =60% - Total Assets turnover =2.0 - Tax rate =30% a. 25% b. 30% c. 35% d. 42% e. 50% 12. Manufacturer's Inc. estimates that its interest charges for this year will be $700 and its net income will be $3,000. Assuming its average tax rate is 30 percent, what is the company's estimated times interest earned ratio? a. 2.40 b. 4.25 c. 5.33 d. 7.12 c. 7.75 13. Last year, Quayle Energy had sales of $200 million and its inventory turnover ratio was 5.0 . The company's current assets totaled $100 million and its current ratio was 1.2. What was the company's quick ratio? a. 1,20 b. 1,39 c. 0.72 d. 0.55

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