Currently in a Finance class and need help with a quiz. It is attached.

1.If the Hunter Corp. has an ROE of 13 and a payout ratio of 30 percent, what is its sustainable growth rate?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % Sustainable growth rate 2. The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement S As ale $ 8,600 set s s C ost 5,630 s Net inc om e $ 2,970 T otal Balance Sheet $ 16,100 $ 16,100 D ebt $ 6,400 E quit y 9,700 T otal $ 16,100 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $10,578. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) External financing needed $ 3. The sustainable growth rate will be equivalent to the internal growth rate when, and only when,: the growth rate is positive. the plowback ratio is positive but less than 1. the retention ratio is equal to 1. a firm has a debt-equity ratio equal to 1. a firm has no debt. 4. The extended version of the percentage of sales method: is based on a capital intensity ratio of 1.0. requires that all financial statement accounts change at the same rate. assumes that all net income will be paid out in dividends to stockholders. separates accounts that vary with sales from those that do not vary with sales. assumes that all net income will be retained by the firm and offset by a reduction in debt. 5. Which one of the following depicts a correct relationship? Equity multiplier = 1 - Debt-equity ratio ROE = 1 - ROA ROA = ROE (1 + Debt-equity ratio) Dividend payout ratio = 1 - Retention ratio Total asset turnover = 1 + Capital intensity ratio 6. he external funds needed (EFN) equation projects the addition to retained earnings as: PM Projected sales. PM Projected sales (1 - d). PM Sales (1 - d). Projected sales (1 - d). PM Sales. 7. inancial planning, when properly executed: is based on the internal rate of growth. eliminates the need to plan more than one year in advance. reduces the necessity of daily management oversight of the business operations. ensures internal consistency among the firm's various goals. ignores the normal restraints encountered by a firm. 8. Marcie's Mercantile wants to maintain its current dividend policy, which is a payout ratio of 35 percent. The firm does not want to increase its equity financing but is willing to maintain its current debt-equity ratio. Given these requirements, the maximum rate at which Marcie's can grow is equal to: 65 percent of the sustainable rate of growth. the internal rate of growth. the sustainable rate of growth. 35 percent of the internal rate of growth. 65 percent of the internal rate of growth. 9. The return on equity can be calculated as: Profit margin ROA. ROA (Net income / Total assets). ROA Equity multiplier. Profit margin ROA Total asset turnover. ROA Debt-equity ratio. 10. Which account is least apt to vary directly with sales? accounts payable inventory notes payable accounts receivable cost of goods sold 11. Projected future financial statements are called: reconciled statements. comparative statements. pro forma statements. aggregated statements. plug statements. 12. One of the primary weaknesses of many financial planning models is that they: ignore the size, risk, and timing of cash flows. ignore the goals and objectives of senior management. rely too much on financial relationships and too little on accounting relationships. are iterative in nature. ignore cash payouts to stockholders. 13. All of the following can provide credit information about a customer except: the amount of goods the customer desires to purchase. credit reports. the customer's current payment history with the seller. the customer's financial statements. banks. 14. On September 1, a firm grants credit with terms of 2/10 net 30. The creditor: must pay a penalty of 10 percent when payment is made later than 2 days after October 1. receives a discount of 2 percent when payment is made within 10 days. must pay a penalty of 2/10 of one percent when payment is made later than October 1. receives a discount of 2 percent when payment is made on September 1and pays a penalty of 10 percent if payment is made after October 1. receives a discount of 2 percent when payment is made at least 10 days prior to October 1. 15. Selling goods and services on credit is: permissible only if your bank lends the money. never a wise decision. a decision independent of customers. never necessary unless customers cannot pay for the goods. an investment in a customer. 16. The operating cycle can be decreased by: paying accounts payable faster. collecting accounts receivable faster. discontinuing the discount given for early payment of an accounts receivable. increasing the accounts payable turnover rate. decreasing the inventory turnover rate. 17. The cash cycle is defined as the time between: the arrival of inventory and cash collected from receivables. selling a product and paying the supplier of that product. cash disbursements and cash collection for an item. the sale of inventory and cash collection. selling a product and collecting the accounts receivable. 18. Since the credit decision usually includes riskier customers, the decision should adjust for this by: discounting the cash inflows at a higher discount rate. discounting the net cash flows at a lower discount rate. increasing the variable cost per unit. decreasing the variable cost per unit. determining the probability that customers will not pay and reducing the expected cash flow. 19. The most common means of financing a temporary cash deficit is a: short-term unsecured bank loan. long-term secured bank loan. long-term unsecured bank loan. short-term issue of corporate bonds. short-term secured bank loan. 20. When credit is granted to another firm this gives rise to a(n): trade receivable and is called a secured loan. accounts receivable and is called trade credit. credit due and is called an installment note. trade receivable and is called an installment note. accounts receivable and is called a consumer credit. 21. Given a fixed level of sales and a constant profit margin, an increase in the accounts payable period can result from: a decrease in the operating cycle. an increase in the cost of goods sold account value. a decrease in the average accounts payable balance. an increase in the ending accounts payable balance. an increase in the cash cycle. 22. The three components of credit policy are: interest rate determination, repayment analysis and terms of sale. collection policy, interest rate determination, and repayment analysis. collection policy, credit analysis, and terms of the sale. collection policy, credit analysis, and interest rate determination. credit analysis, repayment analysis, and terms of the sale. 23. A firm has an inventory turnover rate of 15.7, a receivables turnover rate of 20.2, and a payables turnover rate of 14.6. How long is the operating cycle? 13.08 days 16.32 days 23.37 days 32.87 days 28.46 days 24. Brown's Market currently has an operating cycle of 76.8 days. It is planning some operational changes that are expected to decrease the accounts receivable period by 2.8 days and decrease the inventory period by 3.1 days. The accounts payable turnover rate is expected to increase from 9 to 11.5 times per year. If all of these changes are adopted, what will be the firm's new operating cycle? 73.4 days 68.4 days 63.3 days 57.9 days 70.9 days 25. Jordan and Sons has an inventory period of 48.6 days, an accounts payable period of 36.2 days, and an accounts receivable period of 29.3 days. Management is considering offering a 5 percent discount if its credit customers pay for their purchases within 10 days. This discount is expected to reduce the receivables period by 17 days. If the discount is offered, the operating cycle will decrease from ___ days to ___ days. 54.2; 37.2 28.3; 11.3 28.3; 45.3 77.9; 94.9 77.9; 60.9 26. On average, D & M sells its inventory in 37 days, collects on its receivables in 3.4 days, and takes 35 days to pay for its purchases. What is the length of the firm's operating cycle? 41.6 days 40.4 days 33.6 days 5.4 days -1.4 days