no explanation needed, please answer all the MCQs only

Teip Acrobat Create and Share Adobe PDF S Adobe Acroba el AaBbcel AaBbc : Find - Replace 1 Normal 1 No Spac... Heading 1 Heading 2 Title Select Styles Editing 58. Consider the following income statement for Larry & Harry Drug Stores: Revenue 90 mm Variable costs 48 mm Interest on debt 6 mm Depreciation Omm Its tax rate is 25% and the book value of its equity is 150mm. What is L&F's coverage ratio? a) 0.18 b) 5.25 c) 6 d) e) f) 7 8 15 59. Two firms, a food detailer and a jewelry store, have the same leverage ratio. The food company has a significantly higher turnover ratio. Can the jewelry establishment have the same ROE? a) No b) Yes, if its profit margin is high enough c) Yes, if its profit margin is low enough d) No, unless its assets are all cash 60. Two firms, A and B have positive profit margins. B's fixed costs as a percentage of total costs exceeds A's percentage. Assume both firms experience an equal percentage increase in revenue. Which firm will enjoy a greater percentage increase in profit as a result? a) A b) B c) They will be equal 61. Which of the following provides funds for companies? Choose Two a) follow-on offerings b) secondary offerings c) bond issuance d) arranging a bank credit line 62. Which of the following entities supplies liquidity to the economy? a) The U.S. Treasury b) The Federal Reserve c) The Securities and Exchange Commission d) The Federal National Mortgage Association e) The National Basketball Association 63. Which of the following are correct regarding the frequency of compounding? Choose two a) The more frequent, the less that needs to be invested now in order to achieve a given future cash flow b) The more frequent, the more that needs to be invested now in order to achieve a given future cash flow The more frequent, the greater the present value of a fixed future cash flow d) The more frequent, the lower the present value of a fixed future cash flow Focus