Which of the following statements is correct? a. capital market instruments include both long-term debt and common stocks. b. an example of a primary market transaction would be your uncle transferring 100 shares of walmart stock to you as a birthday gift. c. the nyse does not exist as a physical location. rather it represents a loose collection of dealers who trade stock electronically. d. if your uncle in new york sold 100 shares of microsoft through his broker to an investor in los angeles, this would be a primary market transaction. e. while the two frequently perform similar functions, investment banks generally specialize in lending money, whereas commercial banks generally companies raise large blocks of capital from investors.

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times