1. Delectable Parsnip, Inc.s, net income for the most recent year was $9,812. The tax rate was 35 percent. The firm paid $3,762 in total interest expense and deducted $5,323 in depreciation expense. What was the companys cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times

2. For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Present Value

Years

Interest Rate

Future Value

$

2,450

10

13

%

$

9,853

23

8

103,305

17

6

241,382

33

4

3. For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Present Value		Years			Interest Rate				Future Value
$			10			6	%			$	17,928
			2			11					42,117
			14			14					796,382
			19			13					653,816

4. Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Present Value				Years			Interest Rate				Future Value
	$	745			4				%			$	1,441
		935			5								1,778
		18,000			16								144,832
		73,300			19								318,815