15. The Purple Martin has annual sales of $ 4,600, total debt of $ 1,230, total equity of $ 2,500, and a profit margin of 6 percent. What is the return on assets? 16. Galaxy United, Inc. 2009 Income Statement 17. Reliable Cars has sales of $ 3,850, total assets of $ 3,350, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity? 18. A firm has net working capital of $ 344, net fixed assets of $ 2,292, sales of $ 6,000, and current liabilities of $ 800. How many dollars worth of sales are generated from every $ 1 in total assets? 19. One of the primary weaknesses of many financial planning models is that they: ignore the goals and objectives of senior management. 20. The external funds needed( EFN) equation projects the addition to retained earnings as: 21. Which account is least apt to vary directly with sales? accounts payable inventory 22. The Wintergrass Company has an ROE of 15.1 percent and a payout ratio of 40 percent. What is the company’ s sustainable growth rate?( Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) 23. If the Hunter Corp. has an ROE of 7 and a payout ratio of 15 percent, what is its sustainable growth rate?( Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) 24. The length of time between the acquisition of inventory and its sale is called the: operating cycle. 25. The most common means of financing a temporary cash deficit is a: long-term secured bank loan. long-term unsecured bank loan. short-term secured bank loan. short-term issue of corporate bonds. short-term unsecured bank loan.