7. Discount Travel has the following Cash Accounts receivable Inventory Other current assets Accounts payable Current portion of long-term debt Long-term debt and liabilities: S102 million $94 million S182 million $18 million 598 million $35 million $23 million Based on these amounts, what is the current ratio? A. 2.54 B 2.98 C4.04. D. 2.84 8. Camp Elim obtains a $125,000,6%, five-year installment note for a new camp bus on Javoury 1, 2018. The note requires a monthly payment of S2416.60 What amount will be recorded for interest expense for the first monthly payment on January 31, 2018? A $625 B. $125 C. $7,500 D. $1,000 9. Given the information below, which bond(s) will be issued at a premium? Bond 2 12% 10% Bond 1 7% 8% Bond 4 8% 996 Bond 3 10% 10% Stated Rate of Retum Market Rate of Return A. Bond 1. B. Bond 2. C. Bond 3. D. Bonds 2 and 4. 10. Samson the bond issuan equity. 10. Samson Enterprises issued a ten-year, $20 million bond with a 10% interest rate for $19.500,000. The entry to record the bond issuance would have what effect on the financial statements? A. Increase stockholders' equity. B. Increase liabilities. C. Increase assets. D. Both B and C 11. Outstanding common stock specifically refers to: A. Stock that is performing well. B. Stock that has been authorized for issuance. C. Stock issued plus treasury stock. D. Stock in the hands of stockholders