1. A firm has $520,000 in inventory, $1,860,000 in fixed assets, $190,000 in accounts receivables, $210,000 in accounts payable, and $70,000 in cash. What is the amount of the current assets? A. $710,000 B. $780,000 C. $990,000 D. $2,430,000 2. Brilliant World Limited has shareholders' equity of $141,800. The firm owes a total of $126,000 of which 60 percent is payable within the next year. The firm net fixed assets of $161,900. What is the amount of the net working capital? A. $25,300 B. $30,300 C. $75,600 D. $86,300 3. Common Interest Limited has current liabilities of $350,000, a quick ratio of 1.65, inventory turnover of 3.2, and a current ratio of 2.9. What is the cost of goods sold? A. $980,000 B. $1,060,000 C. $1,200,000 D. $1,400,000 4. Wonderful and Beautiful Limited has sales of $2,200,000, total assets of $1,400,000, and a debt-equity ratio of 0.3. Its return on equity is 15%. What is the net income? A. $264,000 B. $286,000 C. $308,000 D. $330,000 5. Your parents invested a lump sum 18 years ago at an annual interest of 4.25%. Today, they gave you the proceeds of that investment which totaled $211,528.62. How much did they originally invest? A. $100,000 B. $110,000 C. $120,000 D. $130,000