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1. If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months (round to the nearest dollar)? PLEASE SHOW WORK.

A. $1,176

B. $827

C. $833

D. $770

E. $828

2. You have $1,000 today and want to double your money in 8 years. What interest rate must you earn? PLEASE SHOW YOUR WORK.

A 9.25%

B 9.00%

C 9.05%

D 9.50%

E 9.12%

3. The Baker's Dozen has current liabilities of $5,600, net working capital of $2,100, inventory of $3,900, and sales of $13,500. What is the quick ratio? Assume pre-paid expenses are zero. PLEASE SHOW YOUR WORK

A .68

B .7

C 1.38

D 1.47

E 2.08

4. If the Debt/Equity Ratio is 0.80. What is the Debt Ratio? PLEASE SHOW YOUR WORK

A .4

B .375

C .6

D 1

E .4444

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800358

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