12.)

Lisa has $2,500 invested in a bank that pays 1.5% annually. How long will it take for her funds to double? (Multiple Choice)

Question 12 options:

4.96 years

19.36 years

46.56 years

13.70 years

73.79 years

14.)

Free cash flow is the amount of cash that could be withdrawn without harming a firm's ability to operate and to produce future cash flows, and it is calculated as: (amount of cash generated from its current operations) (amount of cash invested in fixed assets and operating working capital in order to sustain ongoing operations). (True/False)

Question 14 options:

True

False

16.)

Smelly Cat Publishing recently reported $11,000 of sales and $4,250 of operating income (i.e., earnings before interest and taxes). Depreciation was indicated as $1,250. The company's federal-plus-state income tax rate was 21%. During the year, the firm had expenditures on fixed assets and change in net operating working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow? Round your intermediate and final answers to whole dollar amount. (Multiple Choice)

Question 16 options:

	$2,463
	$2,832
	$2,904
	$3,058
	$2,069

18.)

Rover Corp's sales last year were $250,000, its EBIT was $28,300, and its net income was $23,000. What was its profit margin? (Multiple Choice)

Question 18 options:

	10.87%
	11.32%
	8.83%
	9.20%
	9.57%