Last year Electric Autos had sales of $$100$ million and assets at the start of the year of $$150$ million. If its return on start$-$of$-$year assets was $15\%,$ what was its operating profit margin? $($Round your answer to $2$ decimal places. Hint: Du Pont Analysis$)$

A$.10\mathrm{.}00\%$

B$.22\mathrm{.}50\%$

C$.25\mathrm{.}00\%$

D$.15\mathrm{.}50\%$

Consider this simplified balance sheet for Geomorph Trading:

$\backslash$table$[[$Current assets,$$100,$Current liabilities,$],[$Long$-$term assets,$500,$Long$-$term debt,$60],[,,$Other liabilities,$70],[,,$Equity,$190],[,,,]]$

What is the current ratio?

A$.0\mathrm{.}6$

B$.2\mathrm{.}16$

C$.1\mathrm{.}67$

D$.0\mathrm{.}4$

$19.$ Which one of the following arguments is NOT correct?

A$.$ If one corporation has shares publicly traded, we refer to it as public corporation.

B$.$ Goodwill is considered as tangible assets.

C$.$ When a corporation fails, the maximum that can be lost by a shareholder is the amount of his$/$her pre$-$existing investment.

D$.$ Limited liability is an advantage of incorporating a business.

$20.$ Companies usually buy assets. These include both tangible assets such as and intangible assets such as To pay for these assets, they raise capital. The decision about how to raise the money is usually termed as decision.

A$.$ real, machine, trademarks, financing

B$.$ real, equipment, bond, financing

C$.$ financial, trademarks, land, investment

D$.$ financial, stock, patent, capital budget