4. As a common shareholder in a firm, which of the following allows you to share proportionally in any new stock sold? a. proxy b. preemptive right c. cumulative voting d. straight voting e. Class B common stock 5. Which of the following is equivalent to the 'balance sheet identity? a. Total liabilities minus equity equals total assets b. Total liabilities plus total assets equals equity c. Total assets minus total liabilities equals equity d. Total assets minus long-term debt equals equity e. Total assets plus equity equals total liabilities 6. Long term debt plus stockholders' equity is sometimes called the firm's a. equity multiplier b. financial capacity c. long-term solvency d. total market value c. total capitalization 7. A firm has current liabilities of $250, a current ratio of 1.2 , and a quick ratio of 0.80 . Compute the level of inventory for this firm. a. 545 b. $50 c. $100 d. $120 c. $200