1. Braam Fire Prevention Corp. has a profit margin of 6.80 percent, total asset turnover of 1.95, and ROE of 18.27 percent. What is its firm's debt−equity ratio?
0.73
0.42
0.34
0.02
0.38
2. You have just received notification that you have won the $3.5 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 76 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent?
$2,451.60
$2,501.64
$2,551.67
$12,272.74
$2,301.50