When using layaway, the customer retains physical possession of ...

[CORALGRILL2014]

When using layaway, the customer retains physical possession of the item(s) purchased, but must pay in installments to maintain possession.
 
 Indicate whether the statement is true or false

Question 2

If a retailer with an ROA of 7.0 percent decides to increase its financial leverage ratio from 1.5 times to 2.0 times, which of the following results will occur?
 a. The retailer's ROA will increase by 33 percent.
  b. The retailer's RONW will decrease by 33 percent.
  c. The retailer's RONW will go from 10.5 percent to 14.0 percent.
  d. The retailer's RONW will increase by .5 percent.
  e. The retailer's RONW will increase by 10.5 percent.

[cclemon1]

Answer to Question 1

F

Answer to Question 2

C