Its rubber boots which protects <span>you from chemicals and provides extra traction on slippery floors.
</span>
Answer:
The solution as per the given problem is provided below throughout the explanation portion below.
Explanation:
The given values are:
Debt issued,
= 120
Pretax earnings,
= 80
Tax,
= 35%
All equity firm,
= $320
Number of common stock,
= 50
(a)
Balance sheet before the debt issue's announcement will be:
<u>Assets </u><u> 320</u>
<u>Debt </u><u> 0</u>
<u>Equity </u><u> 320</u>
then,
The total will be "320".
(b)
The per share price will be:
= 
= 
= 
or,
After tax, the net income will be:
= 
= 
= 
= 
(c)
The return on equity will be:
= 
= 
= 
or,
=
(%)
The rise of the car culture led to the spread of fast-food restaurants and drive-in movie theaters based on the choices from the question above. The "the spread of fast-food restaurants and drive-in movie theaters" is the most suitable answer<span>. Because only this sentence has the relation with the car culture.</span>
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