1. Land Land Land, Inc. has a return on common equity of 20%. The average return on common equity for the firm's industry is 25%. Based on this information you know that:
LLL has relatively more debt than the average firm in the industry.
LLL has relatively less debt than the average firm in the industry.
LLL generates more income for shareholders than the average firm in the industry.
LLL generates less income for shareholders than the average firm in the industry.
2. The term "permanent currents assets" is used to describe:
A. Property & Equipment B. Non productive assets C. Non-liquidating current assets D. uncollectable accounts receivable