Need help with both questions please.

QUESTION 48 of the following, which is not true about Regulation A? a. It is shorter and simpler than the full registration b. it does not have limitations on the number or sophistication of offerees. C. It is a public offering rather than a private placement d. it requires no offering statement be filed with the SEC QUESTION 49 Which one of the following ratios is not part of the "standard" return on equity (ROE) model? O a. net profit margin O b. asset turnover O C. equity multiplier O d. retention rate