Problem 3-12 Future Value of Savings [LO3-4] Kara Delaney received a $11,500 gift for graduation from a relative. If she deposits the entire amount in an account paying 7 percent what will be the value of this gift in 20 years? (Exhibit 1-A. Exhibit 1-8. Exhibit 1-C. Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to the nearest whole number. Value of the gift in 20 years Problem 3-6 Determining Financial Progress [LO3-2] Carl Lester has liquid assets of $3,110 and current liabilities of $3,350. a. What is his current ratio? b. Which comment best describes his financial position? Complete this question by entering your answers in the tabs below. Required a Required b Which comment best describes his financial position? OLower than the desirable ratio 2.0 OHigher than the desirable ratio 2.0 OEqual to the desirable ratio 2.0 < Required a Required