1. Currency Exchange Compute the number of dollars that can be bought with 2.09 million of foreign currency units (round your answer to 2 decimal places): $1 = 16,035 Vietnam Dong

a. $13,034

b. $2.09

2.

Abracadabra Inc. has total assets of $106,000 and a debt ratio of 40 percent. If last year's sales were $145,000 and sales are expected to grow 10 percent in the future, what is Abracadabra's capital intensity ratio?

a. 1.37

b. 0.73

c. 2.27

d. 0.44

3.

MC Enterprises estimates that it takes, on average, 8 days for their customers' payments to reach them, 3 day for the payments to be processed and deposited by their bookkeeping department, and 2 more days for the check to clear once they're deposited. What is their collection float?

a. 11 days

b. 8 days

c. 13 days

d. 10 days

4.

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using the nave approach?

year 2008 2009 2010 2011 2012

sales $1,000,000 $2,000,000 $1,700,00 $1,800,000 $2,200,000

a. $2,200,000

b. $1,925,000

c. $1,740,000

d. $1,000,000

c. $3,351.32

d. $130.34