I need help with these questions please. I think I have the answers but they are not answers that are on my test. Pleased help!

.1.An income statement prepared according to GAAP:

a. reflects the net cash flows of a firm over a stated period of time.

b. reflects the financial position of a firm as of a particular date.

c. distinguishes variable costs from fixed costs.

d. records revenue when payment for a sale is received.

e. records expenses based on the matching principle.

2. Larry's Gun Shop has sales of $189,000, a profit margin of 5.6 percent, and a capital intensity ratio of 0.79. What is the return on assets?a. 4.42 percent

b. 6.08 percent

c. 6.39 percent

d. 6.92 percent

e. 7.09 percent

3. The average accounting return:

a. measures profitability rather than cash flow.

b. discounts all values to today's dollars.

c. is expressed as a percentage of an investment's current market value.

d. will equal the required return when the net present value equals zero.

e. is used more often by CFOs than the internal rate of return.

4. What is the net present value of a project with the following cash flows if the discount rate is 15 percent?

Year Cash Flow

0 -$39,400

1 12,800

2 21,700

3 18,100

a. $39.80

b. $42.97

c. $44.16

d. $48.21

e. $48.30

5. A stock has a beta of 1.47 and an expected return of 16.6 percent. The risk-free rate is 4.8 percent. What is the slope of the security market line?

a. 6.49 percent

b. 7.28 percent

c. 8.03 percent

d. 9.03 percent

e. 9.99 percent

6. Bama Entertainment has common stock with a beta of 1.46. The market risk premium is 9.3 percent and the risk-free rate is 4.6 percent. What is the expected return on this stock?

a. 16.31 percent

b. 16.67 percent

c. 17.40 percent

d. 18.03 percent

e. 18.13 percent

7. Sugar and Spice stock is expected to produce the following returns given the various states of the economy. What is the expected return on this stock?

State of Economy Probability of state of economy Rate of return

recession 0.05 0.05

Normal 0.7 0.09

Boom 0.25 0.14

a. 7.89 percent

b. 8.56 percent

c. 9.43 percent

d. 10.05 percent

e. 10.50 percent

8.You own a $46,000 portfolio comprised of four stocks. The values of Stocks A, B, and C are $5,600, $16,700, and $11,400, respectively. What is the portfolio weight of Stock D?

a. 24.57 percent

b. 25.39 percent

c. 30.33 percent

d. 32.10 percent

e. 32.58 percent