4a) A company had $100,000 in inventories. A flood destroyed all the inventories and the company had no insurance on them, reducing their value to zero on the balance sheet. What is the net (final) effect of these events on the quick ratio? Feel free to give a hypothetical value for current assets to help with the assessment of these events.

b) A company had $100,000 in inventories. A flood destroyed all the inventories. However, the company had full insurance on them and received $100,000 in cash from the insurance company. What is the net (final) effect of these events on the quick ratio? Feel free to give a hypothetical value for current assets to help with the assessment of these events.

c) What is the future value of $900 a year for seven years at an interest rate of 12 percent?