12) How did the US overthrow the leaders of the countries in part II of the book?  (Aside from some local support, which entity played the largest role in the coups?)

14) Which figure was responsible for the 9/11 terrorist attacks?

Which would have been better, to invest in a company with an ROE of 20% or invest in the stock market, which returned 30% over the same period?

What level of growth would guarantee that the company would have a Debt-Equity Ratio of 1.0?  Assume Net Income of 112, Total Equity of 400, and a Retention Ratio of 60%. 

Assets = Liabilities + EquityEFN = Assets – (Liabilities + Equity)EFN = g * – (Profit Margin * (Sales0) * Retention Ratio)Income = Revenue – ExpensesNet Working Capital = Current Assets – Current LiabilitiesCash Flow from Assets = Interest Paid – New Debt + Dividends – New StockCash Flow from Assets = Operating Cash Flow – Net Capital Spending – Change in NWCOperating Cash Flow = Earnings Before Interest and Taxes (EBIT) + Depreciation – TaxesEBIT = Net Income + Interest + Taxes = Sales – Costs – Operating ExpensesNet Capital Spending = Ending net Fixed Assets – Beginning Net Fixed Assets + DepreciationChange in NWC = Ending NWC – Beginning NWCCash Flow to Creditors = Interest Paid – Net New BorrowingCash Flow to Stockholders = Dividends Paid – Net New Equity RaisedUses of Cash:  Increase in Assets or a Decrease in Liabilities or EquitySources of Cash: Increase in Liabilities and Equity or a Decrease in AssetsInternal Growth Rate = Return on Assets * Retention Ratio / 1 – (Return on Assets * Retention Ratio)Sustainable Growth Rate = Return on Equity * Retention Ratio / 1 – (Return on Equity * Retention Ratio) RATIOS Cash Coverage Ratio = (EBIT + Depreciation) / InterestCash Ratio = Cash / Current LiabilitiesCurrent Ratio = Current Assets / Current LiabilitiesDebt-Equity Ratio = Total Debt / Total EquityDebt Ratio = Total Debt / Total AssetsEquity Multiplier = 1 + Debt-Equity RatioInterest Coverage Ratio = EBIT / Interest ExpenseInventory Turnover = COGS / InventoryNWC to Assets = NWC / AssetsPrice/Earnings Ratio = Price Per Share / Earnings Per ShareProfit Margin = Net Income / SalesQuick Ratio = (Current Assets – Inventory) / Current LiabilitiesRetention Ratio = Retained Earnings / Net Income Return on Assets = Net Income / Total AssetsReturn on Equity = Net Income / Total EquityROE = Profit Margin x Total Asset Turnover x Equity MultiplierROE = ROA x Equity MultiplierTotal Asset Turnover = Sales / Total Assets

Assets = Liabilities + EquityEFN = Assets – (Liabilities + Equity)EFN = g * – (Profit Margin * (Sales0) * Retention Ratio)Income = Revenue – ExpensesNet Working Capital = Current Assets – Current LiabilitiesCash Flow from Assets = Interest Paid – New Debt + Dividends – New StockCash Flow from Assets = Operating Cash Flow – Net Capital Spending – Change in NWCOperating Cash Flow = Earnings Before Interest and Taxes (EBIT) + Depreciation – TaxesEBIT = Net Income + Interest + Taxes = Sales – Costs – Operating ExpensesNet Capital Spending = Ending net Fixed Assets – Beginning Net Fixed Assets + DepreciationChange in NWC = Ending NWC – Beginning NWCCash Flow to Creditors = Interest Paid – Net New BorrowingCash Flow to Stockholders = Dividends Paid – Net New Equity RaisedUses of Cash:  Increase in Assets or a Decrease in Liabilities or EquitySources of Cash: Increase in Liabilities and Equity or a Decrease in AssetsInternal Growth Rate = Return on Assets * Retention Ratio / 1 – (Return on Assets * Retention Ratio)Sustainable Growth Rate = Return on Equity * Retention Ratio / 1 – (Return on Equity * Retention Ratio) RATIOS Cash Coverage Ratio = (EBIT + Depreciation) / InterestCash Ratio = Cash / Current LiabilitiesCurrent Ratio = Current Assets / Current LiabilitiesDebt-Equity Ratio = Total Debt / Total EquityDebt Ratio = Total Debt / Total AssetsEquity Multiplier = 1 + Debt-Equity RatioInterest Coverage Ratio = EBIT / Interest ExpenseInventory Turnover = COGS / InventoryNWC to Assets = NWC / AssetsPrice/Earnings Ratio = Price Per Share / Earnings Per ShareProfit Margin = Net Income / SalesQuick Ratio = (Current Assets – Inventory) / Current LiabilitiesRetention Ratio = Retained Earnings / Net Income Return on Assets = Net Income / Total AssetsReturn on Equity = Net Income / Total EquityROE = Profit Margin x Total Asset Turnover x Equity MultiplierROE = ROA x Equity MultiplierTotal Asset Turnover = Sales / Total Assets

What level of growth would guarantee that the company would have a Debt-Equity Ratio of 1.0?  Assume Net Income of 112, Total Equity of 400, and a Retention Ratio of 60%. 

Five percent of widgets are defective.  An inspector randomly samples 12 widgets from a box. What is the probability of finding at least 2 defective widgets? (When you finish, make sure to show your work to the camera for few seconds, submit your work after you finish the exam.)

The following problems , you must show your work on a separate page and then submit them As soon as you finish the midterm, go Assignments, scroll down to Midterm 1 Works,  and submit your work. You must do that within 20 minutes. Any work submitted after will not be accepted and points will not be counted

An unfair coin with​ Pr =0.3 is flipped. If the flip results in a​ head, a marble is selected at random from a urn containing fourred and six blue marbles.​ Otherwise, a marble is selected from a different urn containing six red and two blue marbles. If the selected marble selected is​ red, what is the probability that the flip resulted in a​ head? (When you finish, make sure to show your work to the camera for few seconds, submit your work after you finish the exam. Make sure to show the filled tree Diagram)