1.

Cameron Balance Sheet

Accounts Payable and Accruals	31
Accounts Receivable	55
Accumulated Depreciation	(175)
Cash	39
Common Stock	120
Fixed Assets (gross)	390
Inventory	126
Long-Term Debt	200
Retained Earnings	65

What is Cameron Inc.s Net Working Capital?

2.A firms current ratio is 1.2, and its quick ratio is 1.0. If its current liabilities are $13,800, what are its inventories?

3.Iris Income Statement

Cost of Goods Sold	310
Depreciation Expense	35
Interest Expense	20
Operating Expense (excluding depreciation)	115
Sales	740

What was Iris Inc.s earnings before interest and taxes (EBIT)?

4.Iris Balance Sheet

Accounts Payable and Accruals	65
Accounts Receivable	53
Accumulated Depreciation	(175)
Cash	34
Common Stock	120
Fixed Assets (gross)	390
Inventory	127
Long-Term Debt	200
Retained Earnings	65

What is Iris Inc.s Total Assets?

5.Reagan Corp. has reported a net income of $835,900 for the year. The company's share price is $12.43, and the company has316,430 shares outstanding. Compute the firm's price-earnings ratio up to two decimal places.

6.The First National Bank has agreed to lend you

$30,000 today, but you must repay $42,135 in 3 years. What rate is the bank is charging you?

7.The Florida lottery agrees to pay the winner $257,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning0.10?