Below is a summary of Prairie View Farms beginning and endin…

Below is a summary of Prairie View Farms beginning and ending balance sheet for this year.  How much was their working capital at the end of the accounting year?     Beginning  Accounting Period Ending  Accounting Period   Cost Valuation Market Valuation Cost Valuation Market Valuation Cash on hand $12,000 $12,000 Other current assets $180,000 $180,000 Noncurrent assets $275,000 $375,000 $250,000 $250,000 Current liabilities $125,000 $125,000 Noncurrent liabilities $210,000 $210,000 $185,000 $185,000  

Researchers have developed models based on financial ratios…

Researchers have developed models based on financial ratios that predict whether a company will go bankrupt over the next 12 months.  In a test of the model, the model correctly predicted bankruptcy of firms that did fail 85% of the time.  If also correctly predicted non-bankruptcy for 75% of firms that didn’t fail. Suppose we assume 8% of all firms will go bankrupt this year. Your firm was just predicted to go bankrupt :(.  What is the probability it actually will go bankrupt?   Report your answer to 3 decimal places