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Need step by step solutions 4. Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed
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4. Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long term debt of $200,000. What is the amount of the firm's net working capital? A. $770,000 B. $80,000 C. $325,000 D. $25,000 (B. $2,655,000 $1,770,000 - $805,000 $80,000) 5. Pace Corp.'s assets are $625,000, and its total debt outstanding is $185,000. The new CFO wants to employ a debt ratio of 55%. How much debt must the company add or subtract to achieve the target debt ratio? A. $158,750 B. $166,688 C. $175,022 D. S183,773 (A, total asset: $625,000 * target debt ratio: 55%-target amount of debt: $343,750, change in amount of debt outstanding S343,750 $185,000 $158,750) You deposit $500 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years? A. $1,122.54 6. B. $1,181.62 C. $1,240.70 D. $1,302.74 (B. FV(3.5%,250,500) )Step by Step Solution
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