1. Interest-on-InterestConsider a $3,000 deposit earning 6 percent interest per year for 5 years. How much total interest is earned on the original deposit (excluding interest earned on interest)?

A. $900.00B. $114.00C. $1,014.00D. $90.00

2.Asset Management and Profitability RatiosYou have the following information on Universe It Ts, Inc.: sales to working capital = 17 times, profit margin = 26.7%, net income available to common stockholders = $4.7 million, and current liabilities = $1.7 million. What is the firm's balance of current assets? A. $2.735 m B. $8.067 m C. $1.774 m D. $1.035 m