1. The only current asset possessed by a firm are: Cash $ 105,000, Inventories $ 560,000 and Accounts Receivable $ 420,000. If the current ratio for the firm is 2: 1, determine its current
liabilities and calculate the firm's quick ratio
2. At the cose of the year a company has inventory of $ 150,000 and cost of goods sold for
$ 975,000. If the company's turnover ratio is 5, determine the opening balance of the inventory
3. Assume that the industry average of fixed asset turnover of MITU Manufacturing Company
is 2.50 times and the total asset turno ver is 2 times. Net saes for the year are 250,000 and
95% of the total assets of the organization are fixed. Assume further that the production
manager requests additional fund for the purchase of fixed assets that he thinks coukl
increase the profitability of the company. Given no impact of depreciation, and if you are the
financial manager of MITU Maufacturing Company, what should be your reaction towards
this proposaľ? Why?

Instructions: use the following information to construct the 2000 balance sheet and income statement for carolina business machines. round all numbers to the nearest whole dollar. all numbers are in thousands of dollars. be sure to read the whole problem before you jump in and get started. at the end of 1999 the firm had $43,000 in gross fixed assets. in 2000 they purchased an additional $14,000 of fixed asset equipment. accumulated depreciation at the end of 1999 was $21,000. the depreciation expense in 2000 is $4,620. at the end of 2000 the firm had $3,000 in cash and $3,000 in accounts payable. in 2000 the firm extended a total of $9,000 in credit to a number of their customers in the form of accounts receivable. the firm generated $60,000 in sales revenue in 2000. their cost of goods sold was 60 percent of sales. they also incurred salaries and wages expense of $10,000. to date the firm has $1,000 in accrued salaries and wages. they borrowed $10,000 from their local bank to finance the $15,000 in inventory they now have on hand. the firm also has $7,120 invested in marketable securities. the firm currently has $20,000 in long-term debt outstanding and paid $2,000 in interest on their outstanding debt. over the firm's life, shareholders have put up $30,000. eighty percent of the shareholder's funds are in the form of retained earnings. the par value per share of carolina business machines stock is

List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.

What has caroline's payment history been like? support your answer with two examples