A loan is offered with monthly payments and a 6.5 percent APR. what's the loan's effective annual rate (EAR)? 5.69% 6.697% 7.28% 12.63% Asset Management Ratios. Corn Products Crop, ended the year end 2011 with an average collection period of 40 days. The firm's credit sales for 2011 were $9 million. What is the approximate year-end 2011 balance in accounts receivable for com Products? $225,000 $986,300 $4,444,400 $360, 000, 000 When interest rates are lower, borrowers can get loans more easily. Cannot get loans as easily. Borrow more money. Afford higher payments. Given a 5 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $4,360.32 $4,665.65 $5,047.62 $5,305.00 Liquidity Ratios Ernie's Mufflers has current liabilities of $45 million. Cash makes up 5 percent of the current assets and accounts receivable makes up another 50 percent of current assets. Ernie's current ratio = 1.5 times. What is the value of inventory listed on the firm's balance sheet? $13.75 m $20.25 m $30.375 m $33.75 m