1. Someone borrowed $65,000 from a bank to purchase an equipment. The interest on the loan is 4.5% per year, and it must be paid in 6 years. Create a loan schedule for the payments. (20 points)

Year

Beginning Balance

Loan Payment

Principal Payment

Interest Payment

End Balance

2. Use the financial statements for Best Buy (BBY) to answer this question.(25 points)

Calculate the following ratios for the most current, and previous year :

1. Current Ratio
2. Quick Ratio
3. Accounts Receivable Turn Over
4. Inventory Turn Over
5. Return on Assets, ROA
6. Return on Equity, ROE

Express an opinion about the company using at least 3 ratios to support

your answer.

Ratios	Current Year	Previous year