What are the explanations to the question's answers?
18. In 2017, Phony Company generated free cash flow of
O a. ($10)
O b. $50
O c. $90
O d. ($70)
19. In 2017, Phony Company's shareholders received a return on equity of
O a. 10.0%
O b. 13.3%
O c. 15.5%
O d. 20%
20. Short-term Lenders, Incorporated, should Company based on the ratios above.
O a. grant
O b. deny
