A firm has inventory of $29,406, accounts receivable of $46,215, net working capital of $4,507, and accounts payable of $48,919. What is the quick ratio?
Gugenheim, Incorporated, has a bond outstanding with a coupo…
Gugenheim, Incorporated, has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The yield to maturity is 7 percent and the bond matures in 14 years. What is the market price if the bond has a par value of $2,000?
Ghost Riders Company has an EPS of $1.47 that is expected to…
Ghost Riders Company has an EPS of $1.47 that is expected to grow at 6.7 percent per year. If the PE ratio is 17.35 times, what is the projected stock price in 6 years?
Stephanie is going to contribute $160 on the first of each m…
Stephanie is going to contribute $160 on the first of each month, starting today, to her retirement account. Her employer will provide a match of 50 percent. In other words, her employer will add $80 to the amount Stephanie saves. If both Stephanie and her employer continue to do this and she can earn a monthly interest rate of .45 percent, how much will she have in her retirement account 35 years from now?
Your crazy uncle left you a trust that will pay you $28,000…
Your crazy uncle left you a trust that will pay you $28,000 per year for the next 22 years with the first payment received one year from today. If the appropriate interest rate is 6.1 percent, what is the value of the payments today?
Today, you are retiring. You have a total of $289,416 in you…
Today, you are retiring. You have a total of $289,416 in your retirement savings. You want to withdraw $2,500 at the beginning of every month, starting today and expect to earn 4.6 percent compounded monthly. How long will it be until you run out of money?
If you sell a bond with a coupon of 6 percent to a dealer wh…
If you sell a bond with a coupon of 6 percent to a dealer when the market rate is 7 percent, which one of the following prices will you receive?
Olivares, Incorporated, bonds mature in 17 years and have a…
Olivares, Incorporated, bonds mature in 17 years and have a coupon rate of 5.4 percent. If the market rate of interest increases, then the:
The Art Gallery is notoriously known as a slow payer. The fi…
The Art Gallery is notoriously known as a slow payer. The firm currently needs to borrow $25,000 and only one company will loan to them. The terms of the loan call for weekly payments of $500 at a weekly interest rate of .45 percent. What is the loan term?
A friend agreed to lend you money today. You must repay your…
A friend agreed to lend you money today. You must repay your friend by making payments of $30 per month for the next six months. The first payment must be paid today. In addition, you must pay 2 percent interest per month. How much total interest will you end up paying your friend?