Author Question: If a firm is trying to grow more rapidly, which of the following identifies a ... (Read 17 times)

james9437 · **on:** Jul 11, 2018

If a firm is trying to grow more rapidly, which of the following identifies a non-financially-related course of action?

A) increase the retention ratio
B) reduce dividends
C) increase asset turnover
D) increase the debt to equity ratio

Question 2

State X hired Build-Right Construction to build a bridge. State X required that construction be completed within 2 years after the contract was signed. Les Johnson is the president of Build-Right.

State X required that Build-Right's promise to perform be guaranteed by a third party. Build-Right purchased a performance bond from Rock Solid Indemnity. The bond requires Rock Solid to be responsible if Build-Right does not have the project completed on time. In this scenario, which party is the obligee?
A) State X
B) Build-Right Construction
C) Les Johnson
D) Rock Solid Indemnity