selected financial data for surfer co. is provided below

Selected financial data for Surfer Co. is provided below: ($ in millions) Sales Interest expense Tax expense Net income Total assets (beginning of year) Total assets (end of year) Total liabilities (end of year) Total stockholders' equity (end of year) $940,000 3,000 21,000 54,000 900,000 820,000 600,000 220,000 What is the debt to equity ratio for Surfer Co.? Multiple Choice oo ) 0.37. o Given the information below, which bond(s) will be issued at a premium? Bond 1 Bond 3 Stated Rate of Return Market Rate of Return Bond 2 128 10% Bond 4 8% 98 88 Multiple Choice c ) Bond 1. O Bond 2. O Bond 3. O Bonds 2 and 4. Which of the following is true regarding a company assuming more debt? Multiple Choice Assuming more debt is always bad for the company. Assuming more debt is always good for the company. Assuming more debt can be good for the company as long as they earn a retum in excess of the rate charged on the borrowed funds Assuming more debt reduces leverage