1. Increase productivity due to technology has.a. increase corporation s reliance on debt for capital expansion needs.b. created larger asset values on the firm s historical balance sheet.c. made it chapter (in terms of interest cost) for firms borrow money.d. helped to keep corporate in check.2. Allen lumber company had earning after taxes $580000in the year 2006 with 400000 shares outstanding. On January 1 2007 the firm issued 35000 new shares. Because of the proceeds from these new shares and other operating improvements 2007 earning was 25 percent higher than in 2006. earnings per share for the 2007 was.a. $1.67b. $1.45c. Approximately $1.81d. None of the above3. Candy Company had sales $240000 and cost of goods sold of $108000. What is the gross profit margin ( ratio of gross profit of sales)a. 75%b. 55%c. 73.3%d. None of the above4. Elgin Battery manufactures had sales $900000 in 2006 and their cost of goods sold represented 65 percent of sales. Selling and administrative expenses were 9 percent of sales. Depreciation expenses was$10000and interest expense for the year was $8000. the firm txes rate is 130 percent. What is the dollar amount of taxes paid?a. $151200b. $145800c. more than 151800d. None of the above