Could you explain why these are the answers of this question? If you use financial calculator, then tell me what value you put into. Thank you

2. Which of the following income statement items is considered to be transitory?

A.income from discontinued operations

5. On May 1, Jonson Industries decided to discontinue its prepackaged business segment. At the end of the year, the company is still holding the business segment for disposal, which is expected early in the following year. On its year-end income statement, Jonson Industries will report as income from discontinued operations the profits generated by the prepackaged business segment ________.

A.for the entire year, net of taxes

10. Assume that you have the opportunity to receive $7,000 at the end of each of the next seven years. Given an interest rate of 7%, how much would you be willing to pay for this investment today? Use the present value of an ordinary annuity interest factor table shown below.

A.$37725

11. Presented below is selected financial information for Liacouras Corporation for the most recent fiscal year ended December 31 ($ millions)

Current assets:

Current liabilities:

Cash and cash equivalents

$2,402

Accounts payable

$5,050

Short-term investment

1,416

Other current liabilities

2,757

Receivables, net

1,310

Total current liabilities

7,807

Merchandise inventories

5,174

Noncurrent liabilities

2,479

Other current assets

1,407

Shareholders' Equity

5,000

Total current assets

11,709

Total liabilities and shareholders' equity

$15,286

Noncurrent assets

3,577

Total assets

$15,286

Revenues

$40,339

Costs and Expenses

38,889

Operating Income

1,450

Other income/expense (including interest expense of $90)

(63)

Income before income tax

1,387

Income tax expense

(141)

Net income

$1,246

Previous Year's Financial Data

Total Assets

$14,013

Shareholders' Equity

$3,989

The current ratio for Liacouras Corporation is ________. (Round your answer to two decimal places, X.XX.)

A.1.50