11. Your grandfather has offered you a choice of one of the three following alternatives: $7,500 now; $2,200 a year for nine years; or $31,000 at the end of nine years. Assuming you could earn 10 percent annually, which alternative should you choose? If you could earn 11 percent annually, would you still choose the same alternative? 12. Using the financial statements for the Snider Corporation at the next page, calculate the 13 basic ratios we have learned. (*Includes 36,100 in lease payments.)