6. SAMI Co. has inventory of $110,000, in addition it has current assets of $270,000 and current liabilities of $80,000. The quick ratio for the company is: *

5 points

a) 2

b) 4.80

c) 3.37

d) 4.23

e) None of the above

7. Miriam Co. fixed assets are $325,000, it has sales of $625,000. The fixed assets turnover ratio of the firm is: *

8 points

a) 1.82x

b) 1.92x

c) 10.41x

d) 10.51x

e) None of the above

8. What is the future value of a 5-year ordinary annuity with annual payments of $200, evaluated at a 15 percent interest rate? *

5 points

a) $ 670.44

b) $ 842.91

c) $1,522.64

d) $1,348.48

e) None of the above

9. What is the present value of a 7-year ordinary annuity with annual payments of $300, evaluated at a 10 percent interest rate? *

5 points

a) $ 670.43

b) $ 842.91

c) $1,460.52

d) $1,522.64

e) None of the above

10. LSP Co. has net income of $20,000 and total assets of $100,000. The ROA ratio for the company is: *

8 points

a) 8.00%

b) 12.05%

c) 20%

d) 15.89%

e) None of the above