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## (Answered) Solutions to the following?

Solutions to the following?

Solutions to the following?Martha's Enterprises spent \$2,400 to purchase equipment three years ago. This equipment is currently valued at \$1,800 on today's balance sheet but could actually be sold for \$2,000. Net working capital is \$200 and long-term debt is \$800. Assuming the equipment is the firm's only fixed asset, what is the book value of shareholders' equity?Select one:a. \$200b. \$800c. \$1,200d. \$1,400e. The answer cannot be determined from the information providedMarcie's Mercantile wants to maintain its current dividend policy, which is a payout ratio of 40%. The firm does not want to increase its equity financing but is willing to maintain its current debt-equity ratio. Given these requirements, the maximum rate at which Marcie's can grow is equal to:Select one:a. 40% of the internal rate of growth.b. 60% of the internal rate of growth.c. The internal rate of growth.d. The sustainable rate of growth.e. 60% of the sustainable rate of growth.A firm has sales of \$1,500, net income of \$100, total assets of \$1,000, and total equity of \$700. Interest expense is \$50. What is the common-size statement value of the interest expense?Select one:a. 3.3%b. 5.0%c. 7.1%d. 16.7%e. 50.0%

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This question was answered on: Jan 02, 2020

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