A) What sort of investments would a managed fund target?

Select one:

a. Specific securities and investments.

b. All of these choices.

c. Debt instruments.

d. A broad class of securities and investments.

B) Consider the following worksheet with information extracted from a financial statement:

2018	Assets	Liabilities	Equity
Reported ($)	500000	200000	300000

An analyst makes an adjustment for goodwill that decreases assets by $100 000 and decreases equity (profit) by $100 000. This decrease in equity has reduced profit to $50 000. Using the worksheet approach, what would be the reported return on assets?

Select one:

a. 30%

b. None of these choices.

c. 37.5%

d. 12.5%