# Gb550 unit 2 quiz

Aug 11th, 2016
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Question 1. 1 Branch Corp.'s total assets at the end of last year were \$315,000 and its net income after taxes was \$22,750. What was its return on total assets? (Points : 2) 7.22% 7.58% 7.96% 8.36% Question 2. 2. Vang Corp.'s stock price at the end of last year was \$33.50 and its earnings per share for the year were \$2.30. What was its P/E ratio? (Points : 2) 13.84 14.57 15.29 16.06 Question 3. 3. Pace Corp.'s assets are \$625,000, and its total debt outstanding is \$185,000. The new CFO wants to employ a debt ratio of 55%. How much debt must the company add or subtract to achieve the target debt ratio? (Points : 2) \$158,750 \$166,688 \$175,022 \$183,773 Question 4. 4. Orono Corp.'s sales last year were \$435,000, its operating costs were \$362,500, and its interest charges were \$12,500. What was the firm's times interest earned (TIE) ratio? (Points : 2) 4.72 4.97 5.23 5.80 Question 5. 5. An investor is considering starting a new business. The company would require \$475,0

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Gb550 unit 2 quizQuestion 1. 1Branch Corp.'s total assets at the end of last year were \$315,000 and its net income after taxeswas \$22,750. What was its return on total assets? (Points : 2)7.22%7.58%7.96%8.36%Question 2. 2. Vang Corp.'s stock price at the end of last year was \$33.50 and its earnings pershare for the year were \$2.30. What was its P/E ratio? (Points : 2)13.8414.5715.2916.06Question 3. 3. Pace Corp.'s assets are \$625,000, and its total debt outstanding is \$185,000.The new CFO wants to employ a debt ratio of 55%. How much debt must the company addor subtract to achieve the target debt ratio? (Points : 2)\$158,750\$166,688\$175,022\$183,773Question 4. 4. Orono Corp.'s sales last year were \$435,000, its operating costs were\$362,500, and its interest charges were \$12,500. What was the firm's times interest earned(TIE) ratio? (Points : 2)4.724.975.235.80Qu

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