Jack Daniels Co. has $100 million in Common Equity. Hiram Walker Co. has $125 million. Both have debt on their balance sheets, but both make the same amount of after-tax profits. Which has the higher ROE?
a) Jack Daniels
b) Hiram Walker
c) Both the same
d) Depends on the amount of debt each has and the interest rate
Answer: a) Jack Daniels
Business
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Fig. 7.2
Which one of the following statements regarding Figure 7.2 is TRUE? A) Activity S cannot finish until activity T finishes. B) Activity T cannot begin until activity U is completed. C) Activity U cannot begin until activities S and T have been completed. D) Activity V cannot begin until activity S has been completed.
Business
A _______ is an independent review and examination of a system's records and activities
What will be an ideal response?
Business