Last Year Swensen Corp

question 54

Multiple Choice

Last year Swensen Corp.had sales of $303,225,operating costs of $267,500,and year-end assets of $195,000.The debt-to-total-assets ratio was 27%,the interest rate on the debt was 8.2%,and the firm's tax rate was 37%.The new CFO wants to see how the ROE would have been affected if the firm had used a 45% debt ratio.Assume that sales and total assets would not be affected,and that the interest rate and tax rate would both remain constant.By how much would the ROE change in response to the change in the capital structure?

• A) 2.08%
• B) 2.32%
• C) 2.57%
• D) 2.86%
• E) 3.14%

Distinguish between the effects of environmental enrichment on different parts of the brain and cell types.

Comprehend the role of synaptic connections and dendritic growth in cognitive and neural development.

Understand how the environment can affect myelination and axonal development in the brain.

Understand the regulatory requirements for drinking water suppliers.

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Definitions:

President Buchanan

James Buchanan, the 15th President of the United States (1857-1861), whose administration immediately preceded the American Civil War.

Executive Power

The authority held by the executive branch of a government, responsible for implementing and enforcing laws and policies.

Trans-Continental Railroad

A railway system extending across a continent; in the U.S., it primarily refers to the railroad that linked the East and West coasts in 1869.

Congressional Approval

The act of validating, endorsing, or passing legislation or other measures by a legislative body, particularly the United States Congress.