please solve all parts for question 1 and 2

FIN 350 Quiz 2 In-class Practice Questions #1: Company A is a financial service firm. It has the following Balance Sheet and Income Statement as of 12/31/2012. 1). Calculate ROE A). 18% B). 19% C). 20% D). 21% E). 22% 2). Calculate ROA A). 2.3% B). 3.3% C). 4.3% D). 5.3% E). 6.3% 3). What was the firm's tax rate? A). 34% B). 36% C). 38% D). 40% E). 42% #2. Company A is a mid-sized industrial corporation based in Santa Clara County, California. Its audited balance sheet and income statement ending 12/31/2001 are listed below. 1). Calculate current ratio. A). 2.1 B). 2.4 C). 2.6 D). 2.8 E). 3.0 2). Calculate fixed-asset turnover ratio. A). 4.2 B). 4.4 C). 4.6 D). 4.8 E). 5.0 3). Calculate the firm's time interest earned. A). 7.4 B). 7.6 C). 7.8 D). 8.0 E). 8.2