2017 The following two questions tain to the Libilities and Equity for the ABC Corporation for December 31, 2017 and 2018 shown below: 2018 Accounts Payable $436,800 S524,160 Notes Payable 300.000 920.000 Accruals 408.000 489.600 Total Current Liabilities $1.144.800 $1,933.760 Long-term Debe 1,800,000 800.000 Common Stock $ 460,000 460,000 Retained Earnings 92352 (327A168 Total Equity $1.552352 $ 132,832 Total Liabilities and Equity $3.497A152 $2.866.592 Which of the following statements best characterize the finansing activities that ABC conducted during 2018? ABC issued new common stock and used the proceeds to pay down short-term debt. ABC increased its short-term liabilities and used the funds to increase accounting income and retained earnings. ABC reduced its notes payable with new long-term debt. ABC refinanced its short-term liabilities with new common equity. ABC's accounting losses for the year were financed with new long-term debt. Given the above information in the problem above), what could an investor or lender conclude from ABC's activities during the accounting period? a. ABC's activities have significantly reduced the firm's short-term credit risk. b. ABC's activities have significantly reduced the firm's operating performance. ABC's activities have significantly increased the firm's manufacturing efficiency. ABC's activities have significantly decreased the firm's financial leverage. e. ABC's activities have significantly increased the firm's financial leverage. ABC Corporation has been enjoying a phenomenal rate of growth since its inception one year ago. Currently assets total $100,000. If growth continues at the current rate of 12% compounded quarterly, what will be total assets in 3 1/2 years? a b. c. $157,352 $148.684 $188,711 d. e. 151,259 $160,471 13. Ten years ago you bought a $15 stock which is now worth $75. Assuming that the stock paid no dividends, the rate of return on your investment was: 11.70 percent 21.79 percent 49.00 percent d. e. 20.00 percent 17.46 percent b. c