2. If a company's current ratio equals 1.50 then: (a) its current liabilities exceed its current assets (b) it is possible for its quick ratio to equal 1.00 (c) its current assets equal its current liabilities (d) it is possible for its quick ratio to equal 2.00 3. The most widely accepted objective of the firm is to: (a) increase shareholder wealth (b) maximize pretax income minimize risk (d) minimize costs 4. If the equity multiplier ratio is equal to 1 then: (a) total debt is greater than equity (b) there is no debt financing on the balance sheet (c) the debt-to-equity ratio is equal to 1 (d) the debt ratio equals 50% 5. When a project with a positive net present value is undertaken: (a) shareholder wealth is unaffected (b) shareholder wealth decreases (c) shareholder wealth increases (d) the market price of the firm's shares falls 6. Zero-coupon bonds: (a) pay interest quarterly (b) are sold at a deep discount from par value (c) are tax-free investments are redeemed at a value greater than par 7. Which of the following pairs of spreadsheet commands may be used to compute the yield to maturity of a zero-coupon bond: (a) -RATE or IRR (b) -IRR or NPV (c)-RATE or NPER (d) IRR or-PMT