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QUESTION 13 It is necessary to know the proportion of total revenue normally derived from each meal period in order to forecast the average check by meal period. True O False 2 pc QUESTION 14 Proxy fights and hostile takeovers are different methods of seizing control of a company and both involve actions taken against the opposition of incumbent management. However, these actions are typically motivated by a desire to control the firm's assets and are usually motivated by low share price. o True False 2 points QUESTION 15 A firm has a profit margin of 15% on sales of $20 million. If the firm has debt of $7.5 million and it's ROE is 20% and then it's ROA should be 22% O True False 2 points QUESTION 16 Liquidity ratios address the question of whether a company can meet its obligations over the short term, and financial leverage ratios address the question of whether a company can meet its obligations over the short term as well O True False QUESTION 13 It is necessary to know the proportion of total revenue normally derived from each meal period in order to forecast the average check by meal period. True O False 2 pc QUESTION 14 Proxy fights and hostile takeovers are different methods of seizing control of a company and both involve actions taken against the opposition of incumbent management. However, these actions are typically motivated by a desire to control the firm's assets and are usually motivated by low share price. o True False 2 points QUESTION 15 A firm has a profit margin of 15% on sales of $20 million. If the firm has debt of $7.5 million and it's ROE is 20% and then it's ROA should be 22% O True False 2 points QUESTION 16 Liquidity ratios address the question of whether a company can meet its obligations over the short term, and financial leverage ratios address the question of whether a company can meet its obligations over the short term as well O True False