13. Assume the following: Current Assets = $1,000; Total Common Equity = 1,650; Net Working = Capital $300; Long-term Debt = $1,500. What is Net Fixed Assets? A) $3,750 B) $2,750 Co C) $650 D) $1,250 14. Ceteris paribus, if a company's tax rate is 20%, a decrease in depreciation expense of $5 million would cause net income to go A) up by $5 million; down by $5 million C) down by $4 million; up by $5 million and the firm's cash to go (A B) up by $4 million; down by $1 million D) up by $1 million; down by $4 million 15. Given the following: Cash flow from assets (CFFA) = $30 million, Dividend = $5 million, Interest = $5 million, no change in common stock. According to the cash flow identity, what is the net new borrowing from creditors? A) $-10 million B) $ 30 million C) $20 million D) $40 million 16. Net income is $146, total assets is $2,000, long-term debt is $750, and total liabilities is $860. What is the common-size value for long-term debt? A) 19.5% B) 87.2% C) 37.5% D) 100% 17. Baker Industries' net income is $16,000, its interest expense is $5,000, and its tax rate is 20%. The firm's total invested capital includes debt and common equity: Its debt equals $65,000, and common equity is $35,000. The firm's ROIC is. A) 20.00% B) 10.05% C) 8.33% D) 16.30% 18. A firm has 50 million shares outstanding with a current market PPS of $25.57. If the firm has total assets of $600 million, total liabilities of $175 million and net income of $500 million, it will have a P/E of_ and a Market-Book ratio of A) 3.01; 2.56 B) 5.32; 8.25 C) 8.25; 5.32 D) 2.56; 3.01 -19. If a company's equity multiplier is 1.68, which of the following debt-equity ratio (D/E) would the company have? A) 1.47 B) 0.68 C) 2.68 D) 2.47 20. Assume that the net profit margin is 0.09, total asset turnover is 1.30, and there is $0.60 in total debt per dollar of total assets. According to the DuPont framework, ROE would be A) 29.25% B) 18.4% C) 9.56% D) 0.97%