Question
16. At year end December 31, 2019 a companys current assets were $327,621 and current liabilities were $174,621 the companys current ratio would be A)
16. At year end December 31, 2019 a companys current assets were $327,621 and current liabilities were $174,621 the companys current ratio would be
A) 1.88 B) 2.00 C) 1.75
17. A company has revenues of $123,450, cost of goods sold of $61,518 and operating expenses of $49,523. What is the companys operating profit margin?
A) 89.9% B) 10.1% C) 40.1%
18. A company has an operating profit of $15,476 and interest expense of $8,461. What is the interest coverage ratio?
A) 1.83 B) 0.45 C) neither A or B
19. You make one $2,000 investment for 7 years and earn interest at a rate of 4.5% annually. How much will you have after 7 years? $2,721.72
20. You will receive $10,000 in 5 years. If the discount (interest rate) is 6.25% how much is that amount worth today? $7,385.08
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