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would like to confirm ALL of my answers (some may be wrong) You walk into a bank today and place $2,500 into a savings account.

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You walk into a bank today and place $2,500 into a savings account. This account pays an APR of 5.2% with quarterly. compounding. You have decided that you will close out the savings account when your balance is $15,000. How many years must you wait to close out your account? (Round only your final answer.) O 138.72 years O 34.68 years 41.98 years O 84.70 years None of the above are correct. Retained earnings on the balance sheet represents O net profits after taxes. funds that have already been used to support the firm's current level of assets funds that are currently available to finance new projects. O cash. None of the above are correct. Which of the following relationships is generally true regarding earnings after tax (EAT), cash flow (CF) and operating cash flow (OCF)? O EAT 2 OCF CF O OCF EAT 2 CF O CF 2 EAT 2 OCF O EAT CF 2 OCF O OCF CF EAT How many of the following statements (i.e., I, II, and III) is/are true concerning percent of sales forecasting? 1) One of the key steps in the development of pro forma financial statements is to identify those assets and liabilities that increase spontaneously with sales. II) The first step in constructing a set of pro forma financial statements is establishing the sales forecast III) Pro forma financial statements are used primarily to assess a firm's historical performance. Only one statement is true. Only two statements are true. All three statements are true. None of the statements are true

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