Bishal Trading Company had earnings per share of Rs 4 last year, and it paid a Rs 2 dividend. Total retained earnings increased by Rs 12 million during the year, while book value per share at year-end was Rs 40. Company has no preferred stock, and no new common stock was issued during the year. If company's year-end debt (which equals its total liabilities) was Rs 120 million, what was its year-end debt/assets ratio?

Ann and jack have been partners for several years. their​ firm, a​ & j tax​ preparation, has been very​ successful, as the pair agree on most​ business-related questions. one​ disagreement, however, concerns the legal form of their business. for the past two​ years, ann has tried to convince jack to incorporate. she believes that there is no downside to incorporating and sees only benefits. jack strongly​ disagrees; he thinks that the business should remain a partnership forever. ​ first, take​ ann's side, and explain the positive side to incorporating the business. ​ next, take​ jack's side, and state the advantages to remaining a partnership. ​ lastly, what information would you want if you were asked to make the decision for ann and​ jack? which of the following statements are the advantages of a partnership compared to a​ corporation? ​(choose all that​ apply.) a. less expensive to organize. b. ownership is readily transferable. c. lower income taxes. d. owners have limited liability. e. long life of firm.