Question 36 1. Tasty Dee-Lite has current liabilities of $6,630, net working cap

Question

Question 36

1.        

Tasty Dee-Lite has current liabilities of $6,630, net working capital of $2,180, inventory of $2,750, and sales of $36,800. What is the quick ratio?

Answer

0.76

0.84

0.91

1.09

1.19

0.5 points

Question 37

1.        

Today, you deposit $2,400 in a bank account that pays 4 percent simple interest. How much interest will you earn over the next 5 years?

Answer

$96.00

$101.15

$480.00

$492.16

$519.97

Question 39

1.        

Travis is buying a car and will finance it with a loan which requires monthly payments of $265 for the next 4 years. His car payments can be described by which one of the following terms?

Answer

Perpetuity

Annuity

Consol

Lump sum

Factor

0.76

0.84

0.91

1.09

1.19

Explanation / Answer

0.91

492.16

Perpetuity

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