1.

Teddy's Pillows has beginning net fixed assets of $458 and ending net fixed assets of $524. Assets valued at $306 were sold during the year. Depreciation was $16. What is the amount of net capital spending?

$388

$82

$66

$50

$234

2.

Samuelson's has a debt-equity ratio of 32 percent, sales of $13,000, net income of $1,300, and total debt of $6,700. What is the return on equity?

10.00 percent

6.21 percent

19.40 percent

3.20 percent

3.

4.70 percent

Two years ago, you invested $2,800.00. Today, it is worth $3,600.00. What rate of interest did you earn?

	6.70 percent
	13.39 percent
	3.50 percent
	1.12 percent
	4.50 percent