One who agrees to pay a debt if the debtor defaults, but only after the debtor cannot or will not pay, is called a(n) ____________________

A company is a price-taker when ________

A) it operates in a highly competitive market B) its product is unique C) it has considerable flexibility in setting prices of its products D) it has very high fixed costs

The net income is $100, sales are $200, total assets are $500, and total equity is $300. According to the DuPont method of financial ratio analysis, ROE is about 33.33%

Indicate whether the statement is true or false.