13. Which of the following is NOT a factor in calculating sustainable growth? A) Current ratio B) Profit margin C) Asset turnover D) Equity multiplier E) Retention (plowback)ratio 14. If total assets increase by the same percentage as sales increase, 1. the capital intensity ratio will remain constant. II. the larger the increase in sales, the less likely there will be a need for external financing. 111. the firm is assumed to be operating at less than full capacity. A) I only B) III only C) I and III only D) 11 and 111 only E) I, II and III 15. A firm has a return on equity of 16%, a dividend payout ratio of 40%, a debt-equity ratio of 0.6, and a profit margin of 4.2%. What is the sustainable growth rate? A) 2.0% B) 2.9% C) 5.3% D) 8.7% E) 10.6% 16. If full-capacity sales level is $2,000,000 and the firm is currently operating at 70% of capacity, what is the current level of sales? A) $600,000 B) $750,000 C) $1,150,000 D) $1,400,000 E) $2,700,000 17. Which one of the following is included in a firm's market value but yet is excluded from the firm's accounting value? A. real estate investment B. good reputation of the company C. equipment owned by the firm D. money due from a customer E. an item held by the firm for future sale