Question $1($Mandatory$)(1$ point$)$ The primary goal of financial management is toQuestion $1$ options:$1)$ Maximize profits$2)$ Maximize shareholders wealth$3)$ Avoid financial distress$4)$ Minimize operational costs$5)$ Maintain steady earnings growthQuestion $2($Mandatory$)(1$ point$)$ Examples of agency costs areQuestion $2$ options:$1)$ The total dividends paid to shareholders over the lifetime of the firm$2)$ The costs that result from default and bankruptcy of the firm$3)$ Corporate income subject to double taxation$4)$ The costs of the conflict of interest between stockholders and management$5)$ The total interest paid the creditors over the lifetime of the firmQuestion $3($Mandatory$)(1$ point$)$ Which of the following is a false statementQuestion $3$ options:$1)$ Accounting income is rarely equal to a firms cash flow$2)$ Accounting statements are usually prepared to match the timing of income and expenses$3)$ All public companies are required to file timely, audited financial statements for purpose of public perusal$\mathrm{.}4)$ The balance sheet tells investors exactly what the firms market value is$\mathrm{.}5)$ Assets are usually recorded on the balance sheet at their acquisition valueQuestion $4($Mandatory$)(1$ point$)$ A firm has net working capital of $$8,100$ and current assets of $$14,600.$ Total assets equal $$32,900.$ What is the book value of the firm if long term debt is $$7,500?$Question $4$ options:$1)$ $$2,7002)$ $$10,8003)$ $$17,3004)$ $$18,9005)$ $$22,500$Question $5($Mandatory$)(1$ point$)$ Redding Industrial Supply had common stock of $$6,800$ and retained earnings of $$4,925$ at the beginning of the year. At the end of the year, the common stock balance is $$7,000$ and the retained earnings account balance is $$5,498.$ The net income for the year is $$938.$ What is the retention ratio?Question $5$ options:$1)17\mathrm{.}59\%2)38\mathrm{.}91\%3)61\mathrm{.}09\%4)82\mathrm{.}41\%5)93\mathrm{.}33\%$Question $6($Mandatory$)(1$ point$)$