Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer both please Ppen to asset turnover to leave ROR changed from its original level profit margin is reduced from to 69 and the leverage

image text in transcribed
answer both please
Ppen to asset turnover to leave ROR changed from its original level profit margin is reduced from to 69 and the leverage ratio increases from 28. What must happen to asset the operating profit margin is reduce 1.45 to 1.67 Asset turnover mast: A decrease from 1.74 to 1.67 B. remain constant. C increase from 1.38 to 1.67. D. increase from 1.46 to 2.33. Suppose you take out a 30-year mortgage for $100,000 with annual payments. The interest rate on the mortgage is 596. When you have paid off half the mortgage, so that the value of the remaining payments is reduced to $50,000, how many more payments need to be made? (Round to the next integer) A. Approximately 6 payments B. Approximately 8 payments c. Approximately 10 payments D. Approximately 22 payments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Futures And Options Markets

Authors: Jonn C. Hull

8th International Edition

0133382850, 9780133382853

More Books

Students also viewed these Finance questions