65)If Patty Shoemaker estimates that her $100 weekly grocery bill will increase at an annual inflation rate of 3%, what should her weekly grocery bill be in 2 years? Use Exhibit 1-A.

$20.00

$30.00

$106.10

$106.20

$115.20

62) Given the following information, calculate the liquidity ratio: (Round your answer to 2 decimal places.)

Liabilities = $40,500Liquid assets = $8,100

Monthly credit payments = $1,600Monthly savings = $1,240

Net worth = $96,500Current liabilities = $3,200

Take-home pay = $3,900Gross income = $8,300

Monthly expenses = $5,240

A) 41.97

b) 2.53

c) 1.55

d) 41.03

e) 14.94

57) Using the following table, calculate the taxes for an individual with taxable income of $31,000.

10 % Up to $8,600

15 % $8,600 $35,000

25 % $35,000 $84,600

28 % $84,600 $175,900

33 % $175,900 $381,150

35 % Over $381,150

a) $860

b)$2,150

c) $4,220

d) $4,650

e) $6,110

43) Using the following information, what is the cost to buy a car?

Down payment$5,375

Monthly loan payment $625 per month for a five-year loan

Opportunity cost of down payment $5,375 loan period (in years) 3% interest

Estimated value of vehicle at end of ownership period $6,375

18) What is the approximate market value of a bond that pays $240 interest each year if comparable interest rates have dropped to 5%?

13) Using the information given here, what are the earnings per share for GHI Company?

Number of shares outstanding = 150,000

Price per share = $60

Book value per share = $20

Earnings = $375,000

12)

Using the information given here, what is the price-earnings ratio for DEF Company? (Hint: This is a two-step calculation.) (Round your answer to 2 decimal places.)

Income = $1,012,000

Number of shares outstanding = 115,000

Price per share = $127.60

Book value per share = $5

6) The Capitalist Mutual Fund's portfolio is valued at $41.7 million. The fund has liabilities of $10.5 million, and the investment company sponsoring the fund has issued 2,400,000 shares. What is the fund's net asset value (NAV)? (Round your answer to 2 decimal places.)?

$26.00 NAV per share

$41.50 NAV per share

$21.75 NAV per share

$9.42 NAV per share

$13.00 NAV per share

4

4)