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Q4) If you want to have $875 in 32 months, how much money must you put in a savings account today? Assume that the savings

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Q4) If you want to have $875 in 32 months, how much money must you put in a savings account today? Assume that the savings account pays 16% and it is compounded monthly (round to the nearest $10). A- $991 B- $228 C- $648 D- $570 05) Which of the following ratios would be the most useful in evaluating the ability of a firm to meet its short-term obligations? A- Liquidity B- Market based ratio C Asset turnover D- None of the above Q6) The current ratio and the acid test ratio are both measures of financial leverage. A- True B- False 1

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