Q1:

Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2008?

Q2:

Use the information for the question below.

Alaska North Slope Crude Oil (ANS)	$71.75/Bbl
West Texas Intermediate Crude Oil (WTI)	$73.06/Bbl

As an oil refiner, you are able to produce $77 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $78

worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude.Assuming you currently have 9,950 Bbls of WTI crude, the total benefits to you if you were to sell the

9,950 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to:

Q3:

A McDonald's Big Mac value meal consists of a Big Mac sandwich, large Coke, and a large fry. Assuming that there is a competitive market for McDonald's food items, at what price must a Big Mac value meal sell to insure the absence of an arbitrage opportunity and uphold the Law of One Price?

Q4: