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I. A company is interested in expanding its operational levels. The company's sales have increased rapidly as a result of the expansion of the local
I. A company is interested in expanding its operational levels. The company's sales have increased rapidly as a result of the expansion of the local economy. It is a family business and its only source of financing is a line of credit at your bank. The company needs to increase its inventory level in order to meet the needs of its customers. However, you want your current ratio not to exceed a level of 3. The company's current assets total $ 6,000,000 and its current level of current ratio is 4. How much can the company increase its inventory level, financing in turn said inventory through your credit line, without affecting your desire for a "current ratio" of 3?
II. Sonia Soadora wants to retire in 30 years. She wishes at the time of her retirement to have a bank account with $ 750,000. Banco del Pueblo offers you a return on your future deposits of 5% per year. What amount must Soadora deposit annually to achieve the sum you want when you retire?
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