this question relates to finance

1. If you have assets of $15,900 and liabilities of $40,000, how much is your net worth? 2. You need $20,000 five years from now to pay off a loan from your parents. How much do you need to put in the savings account today to assure you will have the funds necessary assuming a 5.5% return? 3. You put $50 out of every paycheck in an account earning 8.5%. You get paid monthly. How much will you have in the account in 40 years? 4. Use the rule of 72 to answer the following question. If you have $50,000 in your retirement account and the account earns 6% interest, approximately how much will you have in 50 years? (you MUST draw a timeline and ESTIMATE) 5. You purchase a car for $21,700. You can borrow the money from a bank for five years at 7.5% interest. How much will your monthly payments be? Show your calculator keystrokes and do not forget the down payment or the fact that you pay car payments MONTHLY and are required to make a 20% down payment! 5. You purchase a car for $21,700. You can borrow the money from a bank for five years at 7.5% interest. How much will your monthly payments be? Show your calculator keystrokes and do not forget the down payment or the fact that you pay car payments MONTHLY and are required to make a 20% down payment! 6. How much will you pay in total finance charges for the car loan (show your work). 7. If we divide users of ratios into categories, which ratios would each group be MOST interested, and for what reason? a. Short-term lenders b. Long term lenders c. Stockholders 8. In the space below, show the Du Pont system for breaking down Return on Equity. Explain why this is valuable to analysts. 9. Ratio analysis should be done as both trend analysis and with comparison to the industry. Explain why. 10. Given the following information, prepare in good form an income statement for Golden World, Inc. (chapter 2) Selling and administrative expenses $210,000 Cost of Goods Sold $500,000 Sales $2,000,000 Depreciation expense $250,000 Interest expense $480,000 Taxes 21% 11. Based on #10 above, the dividend payout policy of the firm is to pay out 17%. How much would the company pay out in dividends? What would happen to the remaining cash? 12. Based on #10 above, calculate the Golden World, Inc.'s profit margin? 13. Based on #10 above, if the company has 200,000 shares outstanding, calculate the EPS. (earnings per share)