Solutions to the following?

Martha's Enterprises spent $2,400 to purchase equipment three years ago. This equipment is currently valued at $1,800 on today's balance sheet but could actually be sold for $2,000. Net working capital is $200 and long-term debt is $800. Assuming the equipment is the firm's only fixed asset, what is the book value of shareholders' equity?

Select one:

a. $200

b. $800

c. $1,200

d. $1,400

e. The answer cannot be determined from the information provided

Marcie's Mercantile wants to maintain its current dividend policy, which is a payout ratio of 40%. The firm does not want to increase its equity financing but is willing to maintain its current debt-equity ratio. Given these requirements, the maximum rate at which Marcie's can grow is equal to:

Select one:

a. 40% of the internal rate of growth.

b. 60% of the internal rate of growth.

c. The internal rate of growth.

d. The sustainable rate of growth.

e. 60% of the sustainable rate of growth.

A firm has sales of $1,500, net income of $100, total assets of $1,000, and total equity of $700. Interest expense is $50. What is the common-size statement value of the interest expense?

Select one:

a. 3.3%

b. 5.0%

c. 7.1%

d. 16.7%

e. 50.0%