Evaluate the grocery chain's claim. What is the basis for the statement? Is this claim misleading? Why or why not? 23. Return on Equity (LO3) Firm A and Firm B have total debt ratios of 45% and 35% and return on assets of 9% and 12%, respectively. Which firm has a greater return on equity? 24. Calculating the Cash Coverage Ratio (LO3) Brunkild Inc.'s net income for the most recent year was $15,185. The tax rate was 34%. The firm paid $3,806 in total interest expense and deducted $2,485 in depreciation expense. What was Brunkild's cash coverage ratio for the year? 25. Cost of Goods Sold (LO3) Montcalm Corp. has current liabilities of $365,000, a quick ratio of 0.85 , inventory turnover of 5.8 , and a current ratio of 1.4 . What is the cost of goods sold for the company? 26. Ratios and Foreign Companies (LO3) Wolseley PLC has a net loss of 45,831 on sales of 198,352 (both in thousands of pounds). Does the fact that these figures are quoted in a foreign currency make any difference? Why? What was the company's profit margin? In dollars, sales were $314,883. What was the net loss in dollars