Ritter Company has a current ratio of 3.00 on December 31. On that date the company’s current assets are as follows: Cash $32,000

Short-term investments 49,300

Accounts receivable (net) 170,000

Inventory 200,000

Prepaid expenses 11,600

Current assets $462,900

Ritter Company’s current liabilities at the beginning of the year were $150,000 and during the year its operating activities provided a cash flow of $60,000.

a. What are the firm’s current liabilities on December 31?

$Answer

154,300

b. What is the firm’s working capital on December 31?

$Answer

308,600

c. What is the quick ratio on December 31?

Round answer to 2 decimal places.

Answer

1.63

d. What is the Ritter’s operating-cash-flow-to-current-liab ilities ratio?

Round answer to 2 decimal places.

Answer
.39

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not