Please refer to the following balance sheet Apollo Corp. reported for Q3 and Q4:

Cash	$28,000		Accounts payable	$5,000
Accounts receivable	15,000		Notes Payable	12,000
Inventory	45,000		Accruals	17,000
Net Fixed Assets	122,000		Long-Terms Debt	45,000
			Common Stock	10,000
			Retained Earnings	121,000
Total assets	$210,000		Total Liabilities & Equity	$210,000

Q3) Apollo Corp.'s debt ratio is .

A) 32.17% B) 37.62% C) 39.45% D) 42.95%

Q4) Apollo has sales of $600,000 and net income of $50,000. Apollo's return on equity is .

A) 5.00% B) 50.00% C) 38.17% D) 41.13%

Q5) The present value of $1,000 to be received in 5 years is if the discount rate is 12.78%.

A) $368 B) $494 C) $548 D) $687

Q6) At what rate must $287.50 be compounded annually for it to grow to $650.01 in 14 years?

A) 6 percent B) 5 percent C) 7 percent D) 8 percent

Q7) What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3.5% compounded annually and round to the nearest $1.

A) $5,790 B) $6,508 C) $7,210 D) $9,010

Q8) Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest compounded annually. How much will you have in the account on your 21st birthday, just after your grandparents make their deposit?

A) $101,802 B) $98,016 C) $86,058 D) $79,640

Q9) What is the present value of an annuity of $4,000 received at the beginning of each year for the next eight years? The first payment will be received today, and the discount rate is 9% (round to nearest $1).

A) $36,288 B) $35,712 C) $25,699 D) $24,132

Q10) Today is your 21st birthday and your bank account balance is $25,000. Your account is earning 6.5% interest compounded quarterly. How much will be in the account on your 50th birthday?

A) $159,795 B) $162,183 C) $163,832 D) $164,631