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?