$18.80 per minute 10. 4.00 points Selected assets and liabilities of ABC Corporation as of end of year 1 were as follows: Cash $100 Accounts receivable $30 Inventory $15 Accounts payable $65 Long-term debt (payable at $50 end of year 5) (round all calculations to 2 decimal places) a. What was the company's current ratio at the end of year 1? b. What was the company's acid-test ratio at the end of year 1? c. Recalculate the company's current ratio at the end of year 1. In addition to the information provided, assume the company purchased $10 of inventory on account. 11. 4.00 points The average sale period for Dobson Corporation in year 2 was 60 days. The Corporation's inventory was $22,000 and $28,000 at the end of years 1 and 2, respectively. How much was year 2 cost of goods sold expense? (round all calculations to 2 decimal places) 11. 4.00 points The average sale period for Dobson Corporation in year 2 was 60 days. The Corporation's inventory was $22,000 and $28,000 at the end of years 1 and 2, respectively. How much was year 2 cost of goods sold expense? (round all calculations to 2 decimal places). 12. 4.00 points Fimbrez Corporation has provided the following data concerning an investment project that it is considering: Initial investment $360,000 Annual net cash inflow $118.000 per year Expected life of the project 4 years Discount rate 12% The net present value of the project is closest to: $358,484 C S(1,634) $(284,952) $112,000