Excerpts from the annual report of XYZ Corporation follow: Cost of goods sold Inventory Net income Retained earnings LIFO reserve Tax rate 2020 $754,661 $219,686 $31,185 $68,685 $26,900 20% 2019 $675,138 $241,154 $64,150 $93,650 $25,100 20% If XYZ used FIFO, its retained earnings as of the end of fiscal 2020 would be a. $90,205 b. $68,685 c. $93,745 d. $52,415 How much would you be prepared to pay for a $1,000 bond which comes due in 8 years and pays $100 interest annually assuming your required rate of return is 12% (pick closest answer)? a. $942 b. $1,032 c. $901 Od $1,007 Selected financial information for ELX Corporation is reproduced below. 1. Net operating assets (NOA) turnover (average NOA equals ending NOA) is 4. 2. Net operating profit after tax (NOPAT) margin is 6% 3. Leverage ratio (average net financial obligation to average common equity) is 25, and the spread in 7.3%. What is ELX's return on common equity? 4.35.02% 6.54.16% O 0.27.83% d. 42 25%