The banks who lent money to the firm will generally have a residual claim on firms assets.

Group of answer choices True False

If the total assets at Terra Inc. increase while all the other components of ROE remain unchanged, you would expect the firms:

Group of answer choices

return on equity to increase.

profit margin to decrease.

equity multiplier to decrease.

total asset turnover to decrease.

return on assets to increase.

Dogecoin has $61,300 in receivables and $391,400 in total assets. The company has a total asset turnover rate of 1.4 and a profit margin of 6.3%. Compute Dogecoin's days sales in receivables.

Group of answer choices

40.23 days

40.83 days

43.40 days

43.67 days

56.32 days

When Mr. Vitalik Butarin retired at 65 years old, his IRA statement indicated a balance of $1,000,000.00. Vitalik graduated from college at 22 and immediately invested money into an account that paid 8.25% annually. How much did he invest?

Group of answer choices

$6,950.03

$193,759,222.60

$6,251.04

$33,082.63

who cares, I have a million dollars

A(n) ______________ asset is one which can be quickly converted into cash without significant loss in value.

Group of answer choices

current

fixed

intangible

liquid

long-term

XRP deposited $1,000 for 12 years at 6.5%. Compute the amount of compound interest XRP earned.

Group of answer choices

$2,129.10

$780

$349.10

$1,129.10

none of the above