This year's profit margin for Billybong Enterprises was 7%. The firm had a DuPont return on assets of 14%. What was the company's total asset turnover for the year? Select one: O A. 1.47x O B. 2.00x O C. 3.00x @ D. None of these answers are correct All else equal, a firm's return on equity will: Select one: A. Increase as its debt-to-assets ratio decreases B. Decrease as its debt-to-assets ratio increases e C. Increase as its debt-to assets ratio increases O D. Remain unchanged as its debt-to-assets ratio decreases When a firm has both interest expenses and lease payments, its times interest earned ratio: Select one: A. Will be smaller than its fixed charge coverage B. Will be greater than its fixed charge coverage O C. Will be equal to its fixed charge coverage D. Will not be able to be determined Which of the following can pose problems when using ratio analysis? 1. Industry trends are historical rather than current 1. Ratios may not be calculated in exactly the same way II. Firms within an industry may not use similar accounting methods Select one: 0 A. I only B. I and II only C. I and Ill only D. I, II and