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can i have help please 9. Jungle Company wishes to earn 20% annually on its investments. If it makes an investment that equals or exceeds

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9. Jungle Company wishes to earn 20% annually on its investments. If it makes an investment that equals or exceeds that rate, it considers it a success. Assume that it invests $2 million and gets $500,000 in return at the end of each year for x years. What's the minimum value of x for which it will consider the investment a success? Assume that it can't invest for fractional parts of a year. O A. 9 years O B. 4 years O C. 7 years O D. 6 years 16. Excerpts from Peg Co.'s December 31, 2016 and 2015, financial statements and key ratios are presented below (all numbers are in millions): 20162015 Accounts receivable (net) $20 $16 Net sales $115 100 Cost of goods sold $60 55 Net income $20 17 Inventory turnover 5.22 Return on assets 10.3% Equity Multiple 2.36 Peg Co.'s return on equity for 2018 is (rounded) O A. 17.4%. O B. 9%. O C. 24.3%. O D. 22% 17. In 2015, Solid Construction Co. (SCC) began work on a two-year fixed-price contract project. SCC uses the percentage-of-completion method to account for such projects and provides you with the following information (dollars in millions): $37.5 $135 $105 Accounts receivable (from construction progress billings) Actual construction costs incurred in 2015 Cash collected on project during 2015 Construction in progress, 12/31/15 Estimated percentage of completion during 2015 $207 60% What's the amount of gross profit on the project recognized by SCC during 2015? O A. $48 million B. $160 million O C. $72 million O D. The answer can't be determined 20. In 2015, Solid Construction Co. (SCC) began work on a two-year fixed-price contract project. SCC uses the percentage-of-completion method to account for such projects and provides you with the following information (dollars in millions): $37.5 $135 $105 Accounts receivable (from construction progress billings) Actual construction costs incurred in 2015 Cash collected on project during 2015 Construction in progress, 12/31/15 Estimated percentage of completion during 2015 $207 60% What's the fixed contract price for SCC's project? O O O O A. $120 million B. $225 million c. $72 million D. $345 million

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