Question 36

1.

Tasty Dee-Lite has current liabilities of $6,630, net working capital of $2,180, inventory of $2,750, and sales of $36,800. What is the quick ratio?

Answer

		0.76
		0.84
		0.91
		1.09
		1.19

0.5 points

Question 37

1.

Today, you deposit $2,400 in a bank account that pays 4 percent simple interest. How much interest will you earn over the next 5 years?

Answer

		$96.00
		$101.15
		$480.00
		$492.16
		$519.97

Question 39

1.

Travis is buying a car and will finance it with a loan which requires monthly payments of $265 for the next 4 years. His car payments can be described by which one of the following terms?

Answer

		Perpetuity
		Annuity
		Consol
		Lump sum
		Factor