1 (Mandatory) (0.4 points) Saved When does ROE equal ROA? Question 1 options: 1) When debt exceeds equity 2) When there is no debt 3) When equity exceeds debt 4) Only when the value of bonds equals the book value of stock 5) none of the answers are correct Question 2 (Mandatory) (0.4 points) Saved The primary goal of financial management is to Question 2 options: 1) Maximize profits 2) Maximize shareholder's wealth 3) Avoid financial distress 4) Minimize operational costs 5) Maintain steady earnings growth Question 3 (Mandatory) (0.4 points) Saved George Bennet wants to give his son $20,000 upon completion of his college education. If he invests $5,500 now in an account earning 9% annual interest, approximately how many years will it take for him to achieve his goal? Question 3 options: 1) 13 years 2) 14 years 3) 15 years 4) 16 years 5) 17 years Question 4 (Mandatory) (0.4 points) Saved John Albertson purchases a plot of land for $15,000 exactly 3 years ago. If the land has appreciated 12% each year, what is its value now? Question 4 options: 1) $20,400 2) $16,800 3) $21,074 4) $45,000 5) $25,200 Question 5 (Mandatory) (0.4 points)