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15. Refer to Exhibit EKG. What is the firm's total asset turnover? Do not round your intermediate calculations. a. 0.95 b. 1.27 c. 1.10 d.
15. Refer to Exhibit EKG. What is the firm's total asset turnover? Do not round your intermediate calculations. a. 0.95 b. 1.27 c. 1.10 d. 0.83 e. 1,07 16. Matt asks Rene to borrow some money for a big tunlimited cheese" deal. In retum, Matt is promising to pay $1,750 in 8 years. Assume a 3% annual interest rate. What is the value of this borrowing today? [Show your work and answer below.] 17. Last year Tic Tock Company's sales were S600 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later? a. $722,64 b. 5979.58 c. $810.96 d. $802.94 c. $642.35 18. How much would $1, growing at 12.0% per year, be worth after 75 years? a. $4,077.84 b. $4,716.53 c. $4,126.97 d. $4,863.93 e. $4,913,06 19. Suppose a State of lllinois bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bor is 6.6%, how much is the bond worth today? a. $455.78 b. 5581.72 c. 5599.71 d. $461.78 e. $743.64 15. Refer to Exhibit EKG. What is the firm's total asset turnover? Do not round your intermediate calculations. a. 0.95 b. 1.27 c. 1.10 d. 0.83 e. 1,07 16. Matt asks Rene to borrow some money for a big tunlimited cheese" deal. In retum, Matt is promising to pay $1,750 in 8 years. Assume a 3% annual interest rate. What is the value of this borrowing today? [Show your work and answer below.] 17. Last year Tic Tock Company's sales were S600 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later? a. $722,64 b. 5979.58 c. $810.96 d. $802.94 c. $642.35 18. How much would $1, growing at 12.0% per year, be worth after 75 years? a. $4,077.84 b. $4,716.53 c. $4,126.97 d. $4,863.93 e. $4,913,06 19. Suppose a State of lllinois bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bor is 6.6%, how much is the bond worth today? a. $455.78 b. 5581.72 c. 5599.71 d. $461.78 e. $743.64
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