FIN 370 Course Great Wisdom / tutorialrank.com FIN 370 Course Great Wisdom / tutorialrank.com | Page 9
Which of these does NOT perform vital functions to securities markets of all sorts by channeling funds from those with surplus funds to those with shortages of funds ?
Secondary markets
Mutual funds
Insurance companies
Commercial banks
Will ’ s Wheels , Inc . reported a debt-to-equity ratio of 0.65 times at the end of 2013 . If the firm ’ s total debt at year-end was $ 5 million , how much equity does Will ’ s Wheels have ?
$ 7.69 million
$ 5 million
$ 0.65 million
Which of these does NOT perform vital functions to securities markets of all sorts by channeling funds from those with surplus funds to those with shortages of funds ?
Secondary markets
Mutual funds
Insurance companies
Commercial banks
Will ’ s Wheels , Inc . reported a debt-to-equity ratio of 0.65 times at the end of 2013 . If the firm ’ s total debt at year-end was $ 5 million , how much equity does Will ’ s Wheels have ?