QUESTION 9

1. " Table 2 shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's current ratio for 2021? Note: Express your answers in strictly numerical terms, and IN million of USDs."

   Table 2

   Balance Sheet (in million of USDs)
   Assets	2021	2020	Liabilities and Stockholders' Equity	2021	2020
   Current Assets			Current Liabilities
   Cash	100.00	92.00	Accounts payable	120.00	90.00
   Accounts receivable	95.00	75.00	Notes payable / short-term debt	12.00	70.00
   Inventories	45.00	50.00	Current maturities of long-term debt	50.00	60.00
   Other current assets	12.00	15.00	Other current liabilities	10.00	20.00
   Total current assets	252.00	232.00	Total current liabilities	192.00	240.00
   Long-Term Assets			Long-Term Liabilities
   Land	42.00	78.00	Long-term debt	100.00	90.00
   Buildings	92.00	100.00	Capital lease obligations	3.00	2.00
   Equipment	96.00	100.00
   Less accumulated depreciation	-47.00	-50.00	Deferred taxes	43.00	38.00
   Net property, plant, and equipment	183.00	228.00	Other long-term liabilities	5.00	5.00
   Goodwill	12.00	10.00	Total long-term liabilities	151.00	135.00
   Other long-term assets	38.00	40.00	Total liabilities	343.00	375.00
   Total long-term assets	233.00	268.00	Stockholders' Equity	142.00	125.00
   Total Assets	485.00	500.00	Total liabilities and Stockholders' Equity	485.00	500.00

QUESTION 10

1. " Table 2 shows a balance sheet for a certain company. All quantities shown are in millions of dollars. If in 2021 the corporation had 300 million shares outstanding and these shares are trading at $25 per share, then what is the company's enterprise value for 2021 (in million of USDs)? Note: Express your answers in strictly numerical terms, and IN million of USDs."

QUESTION 11

1. " Table 2 shows a balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's quick ratio for 2021? Note: Express your answers in strictly numerical terms, and IN million of USDs."