Question: Question 14 0/4 points U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on
Question 14 0/4 points U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on total assets was 19% The firm financed 45% of its assets using equity. What was the firm's return on common equity? 31.00% X 34.55% 37.95% 46.33% 42.22% Question 15 0/4 points The RRR Company has a target current ratio of 2.7. Presently, the current ratio is 3.7 based on current assets of $8.584,000. IF RRR expands its inventory using short-term liabilities (maturities less than one year), how much additional funding can it obtain before its target current ratio is reached? $1,534,339 $859,259 $1.073.063 $1,437.035 $1,364,706 Question 16 0/4 points The RRR Company has a target current ratio of 3.3. Presently, the current ratio is 4.5 based on current assets of $11,790,000. If RRR expands its inventory using short-term liabilities (maturities less than one year), how much additional funding can it obtain before its target current ratio is reached? $1,439.405 $952.727 $1,127.946
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