11) WPM, Inc. has current assets of $8,000,000, current liabilities of $4,000,000, inventory of $1,320,000, and sales of $12,000,000. What is the acid test ratio? A) 2.0 B) 1.67 C) 0.22 D) 0.1

12) The present value of $1,000 to be received in 5 years is ________ if the discount rate is 12.78%. A) $368 B) $494 C) $548 D) $687

13) At what rate must $287.50 be compounded annually for it to grow to $650.01 in 14 years? A) 6 percent B) 5 percent C) 7 percent D) 8 percent