5 points 14. The value of the earnings per share (EPS) for Ronin Company was...
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5 points 14. The value of the earnings per share (EPS) for Ronin Company was $2.75, its book value per share was $22.75, it had 325,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm was financed using only debt and common equity, and its total assets equaled total invested capital. How much debt was outstanding? 0 $3,253,250 O $4,879,875 $5,809,375 $7,393,750 None of the above 5 points 15. A firm had an operating profit margin of 20%, total assets turnover ratio of 5, total liabilities of $150,000, an equity multiplier of 1.5, an interest expense of $30,000, and a return on common equity of 60%. The firm had never missed any tax payment. What was the firm's tax rate?* 20% O 22.50% O 25% 75% O None of the above
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